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When used in business practices, technology can ensure the competitiveness of companies and other companies. But the cost of achieving, inventing or using technology, called intellectual property, is very high. Therefore, many societies, such as the United States, Europe, and Taiwan, would give the government protection from this investment, through the granting of patent, exclusive rights. This protection enables companies to invest in technical costs that can be recycled, thus encouraging innovation. But there is another point, too, that patent overprotection can hamper innovation.
The Department of Business, Energy and Industrial Strategy sponsored award is one of the most competitive categories in the Trade Association Forum’s annual awards. It recognises a successful initiative, by a trade association, to tackle an important issue that will drive the future prosperity and growth of its members.
Just into the last century, furniture makers began making "woodies" as a sideline with their businesses. They would purchase a car or truck with no body, and build a physique from wood. These custom vehicles were often setup like small buses and were widely used by resorts to transport guest both to and from railroad depots. They weren?t called woodies previously. Rather, these were referred to as "depot hacks". In the horse-drawn days, a "hack" was a wagon.
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