Patents: a business asset for companies

Globally, the value of intangible assets reached a historic high of $80 trillion in 2024. Yet a gap remains: while intellectual property (IP) accounts for 90% of the value of American giants, it accounts for only 69% of Canadian leaders.  

At Axelys, we see that Quebec and Canada are full of exceptional inventors, but our ability to turn these ideas into structured commercial assets is lagging behind. Historically driven by raw materials, our economy must now pivot toward IP to ensure its future productivity.  

“We are far from where we should be. Quebec ranks fourth among provinces in terms of patent filings per capita. It’s time to translate our creativity into real economic value.” — Jesse Vincent-Herscovici, CEO of Axelys  

Innovation does not stop at discovery in the laboratory. To propel our cutting-edge sectors forward, we must overcome a certain cultural reluctance to commercialize. Commercialization is not an incidental end goal; it is the necessary vehicle for our inventions to have a concrete impact on society.  

Axelys remains committed to supporting researchers and companies in this transition, in order to make intellectual property the foundation of our collective prosperity.  

Read the full article (in french only)