The objective of this paper is to determine the effects that a specific innovation strategy has on the decision
to protect the intellectual property of Colombian manufacturing enterprises via patents. The Zero Inflated
Poisson Model was applied, relying on data from the Second and Third Survey on Development and
Technological Innovations carried out by the DANE-DNP-COLCIENCIAS. The results of this investigation
show a negative relationship between the proportion of investment in R & D and patenting decisions of
firms. Additionally, it was shown that the low level of patents is partially due to lacking quality relationships
with providers and competition.
