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Top 5 MEA Countries: Patent Applications (2023)
In 2023, European patent applications from key MEA countries revealed diverse trends. Israel's submissions saw a slight dip of 0.9%, from 1,748 in 2022 to 1,733 in 2023, maintaining its strong innovation presence. Turkey showcased a remarkable 7.3% increase, rising from 560 to 601 applications, signaling a robust drive for technological advancement.
Conversely, Saudi Arabia experienced a significant 15.9% decline, with applications dropping from 207 in 2022 to 174 in 2023. The UAE also faced a small decrease of 3.4%, from 89 to 86 applications. South Africa's filings fell sharply by 26.4%, from 87 to 64 in 2023.
European and ICT patent applications are important to secure broader market access, ensure robust intellectual property protection, and to capitalise on the strategic importance of Europe as a hub for global business and innovation. This approach underscores their commitment to safeguarding and commercializing innovations on an international scale.
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Impact investing is a form of investing that believes that every dollar invested can make a difference, while producing a profit. Over the past 20 years, impact investing has undergone a remarkable evolution, driven by a confluence of societal, economic, and technological factors. These influences have propelled impact investing into a crucial mechanism for addressing societal needs, traditionally the domain of public funding. In 2022, the impact investing market sat at US$1,146 billion, growing at a healthy compounded annual growth rate (CAGR) of 29% over the last four years. This special report features interviews with thought leaders in the impact investing space, and offers an insightful perspective on the current and future state of impact investing, its challenges and opportunities, and highlights case studies of investors, social enterprises, and the impact they are having on the world.
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