Did The Translation Industry Loss More Than €1.5 billion in Earnings as a Result of the New EU Patent?

Posted by matanmedia on November 11, 2010  |   Comments Off

This blog post The Translation Industry Losson was originally posted on our corporate site. Click here to read the original post in its entirety.

According to the European Patents Office (EPO), translating patents is a juicy business for the translation industry. EPO estimates that the translation costs for a single patent (covering only 13 countries) currently averages € 14 000. If one correlates that with the 134 542 patents granted by EPO in 2009, it translates into a whooping € 1 883 588 000 cashed in by the translation industry in a single year.