Enabling Innovation Policies
Innovation ecosystems are complex. They involve many actors, which must be motivated to invest in risky new ventures with no guarantee of success. They rest on a foundation of enabling policies in areas including intellectual property, trade, investment, rule of law, and education. A productive innovation ecosystem provides legal certainty and predictability for innovators. IP protection and enforcement frameworks are important in this regard. Patent rules should be business-model neutral and aimed at supporting innovation over the long-term. Trade secret protection, which can help innovators to manage valuable, confidential information, is particularly relevant for SMEs and individual inventors. Rules that enable public and private sector entities to share knowledge and jointly commercialize R&D can ensure that breakthroughs don’t sit on the shelf. Through Innovation Council, members weigh in on the range of policies that can advance innovation across sectors and regions.
Policy discussions and actions related to the COVID-19 pandemic
Below we’ve provided a round-up of recent developments related to the COVID-19 pandemic. Policymakers are working to identify and execute the best policies for pandemic preparedness and healthcare delivery, against a difficult backdrop. Innovators and other actors must step forward to provide their insights and experiences on the ground, whether in relation to IP, trade, regulatory or other types of policies.
African Union backs call to waive IP rights on COVID-19 drugs
The African Union is backing calls for drugmakers to waive some intellectual property rights on COVID-19 medicines and vaccines to speed up their rollout to poor countries.
Senator calls on Biden to reject COVID IP waiver
Thom Tillis, ranking member of the senate IP subcommittee, has urged US president Joe Biden to oppose ‘harmful’ proposals to waive rights related to COVID-19 vaccines currently in discussions at the World Trade Organisation (WTO).
U.S. Chamber opposes WTO waiver of vaccine intellectual property rights
The U.S. Chamber of Commerce said it opposed calls for the World Trade Organization to back a temporary waiver of intellectual property rights to speed coronavirus vaccine production in poor countries, calling them “misguided”.
U.S. Extends Tariff Exclusion on China Virus Supplies 6 Months
The U.S. is extending exclusions on tariffs for face masks, cleaning supplies and other personal protective equipment from China for six months, providing protection against higher costs as the nation fights the Covid-19 pandemic.
The move affects 99 different products, according to a draft of the notice by the U.S. Trade Representative seen by Bloomberg News. The exclusions, extended in December, will now run through the end of September 2021.
UNCTAD Paper Examines Linkages Between Non-Tariff Measures and SDGs
According to this paper, of all the NTMs adopted in response to the pandemic, almost 60 per cent were put in place to ensure adequate and affordable domestic supplies of medical goods and other essential items to combat the virus.
To minimize potential adverse impacts on trade and sustainability, the paper recommends policymakers first consider whether an NTM is needed or whether there are alternatives, then design high-quality NTMs where they are needed and implement them strategically with full transparency to inform other countries and the private sector of the measure.
EU-UK Trade and Cooperation Agreement: Implications for Life Sciences Companies
The widely anticipated EU-UK Trade and Cooperation Agreement (the Agreement) came into effect on 1 January 2021 after several difficult months of negotiations. The Agreement aims to ease trade barriers resulting from the UK leaving the EU and includes positive developments for life sciences companies. However, according to this article, the Agreement does not address all of the concerns raised by the life sciences industry, and significant gaps and areas for further discussion remain between the EU and the UK as the Agreement is implemented. This Client Alert from 03 March 2021 sets out key aspects of the Agreement for life sciences companies.
Bio-Pharmaceutical Manufacturing and R&D: The Impact of Policy Coherence in Trade Policy
This Innovation Council working paper illustrates the importance of policy coherence in the realm of biopharmaceutical manufacturing and R&D. Specifically, it shows that investing in diversified, geographically dispersed sources of R&D and production can increase manufacturing capacity and strengthen health security by complementing existing pharmaceutical production chains, thus making them less vulnerable to future supply chain shocks. It shows that counterproductive trade measures, such as tariffs on the development and production of vaccines and other health technologies, can slow development, and that—especially in light of the experience of Covid-19—distributed manufacturing and R&D capabilities are particularly useful in the area of biopharmaceuticals.
Africa Young Innovators for Health Award
The 2021 edition of the Africa Young Innovators for Health Award focuses on supporting innovations that can make a difference to healthcare workers. This year’s Award program will be looking for and supporting innovative healthcare solutions aimed at supporting and equipping healthcare workers through solutions such as training programs, providing protective equipment or improving the quality of healthcare.
This Award provides mentorship, financial support, visibility and support with intellectual property protection of young African entrepreneurs’ healthcare innovation.
Applications close on 31 March 2021.
The pandemic has inspired and challenged medical innovation
The need for new and more effective methods of prevention and treatment is constant, and the spread of COVID-19 has emphasized that demand. During the Farley Center for Entrepreneurship and Innovation’s “Healthcare Innovation during the COVID-19 Pandemic” discussion on February 12, experts from academia and industry examined the latest advances in the field and how the very process of medical innovation is being reinvented amid the greatest global health crisis in at least a century. One conclusion they found: Reinventing innovation can mean re-applying ideas used previously.
Trade in the time of pandemics
Ngozi Okonjo-Iweala, the first female and first African leader of the World Trade Organization (WTO) argues why trade will help us find a way out of the pandemic with borders closed and global travel constrained.
The multilateral trading system is fundamental to fighting the current COVID-19 pandemic, preparing for future pandemics, and stimulating the global economic recovery. Trade barriers distort markets and create an uneven playing field, with the potential to reduce production when increased supplies are needed. To ensure that the multilateral trading system works smoothly and flexibly during a moment of global crisis, the WTO should play a more active facilitation role. It should work in close partnership with other relevant international organizations such as WHO, COVAX and the International Finance Institutions (IFIs) — to provide solutions to the pandemic.
Why benchmarking is essential to patent strategy
According to a study by Cipher conducted in association with IAM, 98% of patent owners rely on benchmarking to support their patent strategy. However, over half of respondents are unhappy about the time and expense involved, with a similar proportion lamenting a lack of objective and reliable data.
The survey results are a timely reminder of the critical need for well-organised and reliable data to support patent strategy. The strategic importance of patents is being increasingly communicated to audiences who are neither seasoned nor interested in their technicalities. What they require is clear evidence related to the decision at hand. The solution is to automate the manual processes preventing access to this data.
Why the differences in valuing patents and trade secrets matter
It is important, for a startup to understand how patents and trade secrets can be valued as assets, the positive and negative factors that go into valuing both, and how potential investors really view these assets.
Trade secrets may not have the same cache as patents to a startup because they do not come with a ribbon-affixed certificate, are not subjected to any examination process, and are often harder to define. But trade secrets can be just as valuable — and in some instances more valuable — than patents. This article explains the values of both patents and trade secrets to help align the IP strategy with the overall business model.
Malaysia to build 5G Network itself to speed up service launch
Malaysia will build 5G infrastructure itself instead of relying on private telecom carriers as it seeks to accelerate the roll-out of high-speed services.
Prime Minister Muhyiddin Yassin on Friday announced that Malaysia would invest 15 billion ringgit ($3.7 billion) over 10 years in the 5G network. The government will set up a special purpose vehicle that will own the spectrum and manage the network, he said.
IP Matters in Europe
The key findings from the joint study by the European Union Intellectual Property Office and the European Patent Office are presented in this Innovation Council infographic. The six figures show at a glance why IP matters, underlining the important contribution of IPR-intensive industries to the prosperity and competitiveness of Europe. The full study is definitely worth a read: it provides a detailed and wide-ranging analysis of how industries that make intensive use of intellectual property rights (IPR) contribute to EU economies. It updates and extends the findings of a previous study released in 2016. The original study can be found here.