Innovation as the Engine of Development — Reflections on the 2025 Nobel Prize in Economics. The Role of Legal Certainty for technology companies.
The 2025 Nobel Prize in Economic Sciences awarded to Joel Mokyr, Philippe Aghion, and Peter Howitt “for explaining innovation-driven economic growth” highlights key ideas that resonate deeply with today’s business landscape:
Innovation as a continuous process: Technological progress is not an isolated event but an ongoing driver of sustainable growth and social advancement.
The concept of creative destruction: New technologies and business models replace old ones, creating efficiency, dynamism, and opportunity—while challenging those who fail to adapt.
Adapting means innovating—building new tools, new content, and new ways to distribute and finance ideas. Legal protection becomes not a luxury, but a core pillar for a company’s survival.
What does this mean for innovative companies, startups, and entrepreneurs?
Intellectual Property ProtectionInnovation creates intangible assets—patents, trademarks, designs, software, and know-how. Licensing contracts, non-compete clauses, and confidentiality agreements must be strategically designed to minimize legal risk and strengthen scalability.
Regulation, Compliance, and Public PolicyInnovative businesses operate in fast-changing environments. Expert legal advice is crucial to navigate local regulations, tax incentives, competition law, and emerging legal frameworks that may face resistance from “established powers.”
Financing / Venture CapitalInvestors value not only a brilliant idea but also a solid legal and regulatory foundation. Compliance, corporate structure, IP protection, and clear contracts inspire confidence and attract funding.
⚖️ Kaplan Abogados’ Role At Kaplan Abogados, we support innovative companies across all these fronts:
We design corporate structures, contracts, and investment agreements that enable growth, scalability, and international expansion.
We advise on IP protection and licensing for inventors, startups, and tech companies, ensuring their innovation is properly safeguarded.
We help clients navigate national and international regulations, secure licenses and permits, and leverage tax and legal incentives for innovation.
We build bridges with investors, venture funds, and public entities, demonstrating that the company’s legal foundation is sound.
Conclusion The 2025 Nobel Prize reminds us of a crucial truth: innovation is not a luxury—it’s a necessity for sustainable economic development. But great ideas alone are not enough. They must be supported by legal certainty, strategic foresight, and expert counsel.
If your company is shaping innovation and you want to ensure that impact translates into lasting growth, we invite you to connect.At Kaplan Abogados, we’re ready to help you protect and scale your innovation.