Inclusive Innovation Ecosystems
It is widely recognized that innovation will be required to address the pressing challenges facing societies today. Success is more likely when all available talent and experience can be leveraged. A wide range of actors must be able to participate in innovation ecosystems. Intellectual property rights help to make this happen. IP rights such as patents allow technology and know-how to be shared and traded. They enable innovators without a significant in-house R&D capacity to access and use technology, and to integrate that technology into their value chains. Innovators of all types and sizes benefit from access to these business tools. Certain innovators – such as SMEs and minority inventors – will require support to secure protection for and effectively manage their IP. Innovation Council supports initiatives to broaden participation in innovation ecosystems.
Why intellectual property rights matter for COVID-19
Ending the COVID-19 pandemic requires innovation. IP is part of the solution and drives competition. IP licensing allows the innovator to control which partners manufacture the product, ensuring high quality supplies, and to maximise low-cost access for low and middle-income countries. Philip Stevens and Mark Schultz show that the reality is different from what calls for the suspension of IPRs suggest in order to keep prices low and address supply shortages. A highly competitive market in COVID-19 vaccines is unfolding right now. There is no evidence that abolishing IPRs will achieve anything more than the licensing agreements currently in place between innovators and big-name vaccine manufacturers in countries like India and Brazil; and the emergence of procurement mechanisms like COVAX. The authors demonstrate how the IP system has put us in a position to end the pandemic and why we should allow it to continue doing its job.
The rise and fall of the first American patent thicket: The sewing machine war of the 1850s
The patent war of the 1850s may have been a long time ago, but it is still relevant. Adam Mossoff shows how the invention and incredible commercial success of the sewing machine is a powerful display of early American technological, commercial and legal ingenuity that heralds important empirical lessons for understanding and applying patent thievery theory today.
The Sewing Machine War demonstrated all these phenomena, including the effects of patent trolls, and proves that this is an age-old problem in patent law. The untangling of this patent thicket in the sewing machine combination of 1856, led to the first privately established patent pool. This also challenges the conventional wisdom that patent thickets are best resolved by public law rules limiting ownership of patents.
Nations Sign First Agreement to Unlock Potential of Emerging Tech
Speaking at a panel organized by the World Economic Forum and the Organisation for Economic Co-operation and Development (OECD), ministers from Canada, Denmark, Italy, Japan, Singapore, United Arab Emirates and United Kingdom announced their plan to lead the world in fostering responsible innovation and entrepreneurship. The Agile Nations Charter sets out each country’s commitment to creating a regulatory environment in which new ideas can thrive. Read full article here.
Webinar: Promoting Diversity in U.S. Innovation
When the American patent system becomes more diverse, America’s innovation economy becomes stronger and more successful. Inventors who hold patents consistently earn higher incomes than non-inventors, and businesses with patents—especially small businesses and startups owned by women and people of color—are better able to access capital, attract customers and licensees, and create jobs than businesses without IP. Inventors, academics, industry leaders, advocacy leaders, policymakers, and other stakeholders must work together to close the patent gaps for women, people of color, and low-income individuals to help close wage and wealth gaps, strengthen the U.S. economy, and develop new and different inventions. This webinar discusses how policymakers, educators, and the private sector are working to ensure that everyone has the opportunity to invent and patent.
WIPO IP Diagnostic
This WIPO tool enables users to undertake a basic diagnostic of the intellectual property situation of their business. It is in the form of a questionnaire with several sections that asks questions on different IP topics (e.g. innovative products, trademarks, licensing, designs, internationalisation, etc.). The tool then generates a report that gives recommendations and further information on IP and business competitiveness.
EUIPO and INSME collaboration agreement to bring IP to SMEs
The SME ecosystem needs more partnerships to encourage a favorable environment where SMEs can develop and reach their full potential in business. A new collaboration agreement between EUIPO and the International Network for Small and Medium Enterprises aims to do just that. This collaboration agreement enables both organizations to work in pursuit of a common goal, to foster growth and empower SMEs.
Video: World’s first Group B strep vaccine
This video describes how Biovac, in collaboration with PATH and the Bill & Melinda Gates Foundation, is developing the world’s first Group B Strep vaccine.
Shiok Meats debuts lab-grown shrimp meat
Shiok Meat’s finished product possesses the texture of ground shrimp and has already been tested to make shumai, the Cantonese dim sum mainstay with the yellow dumpling wrapper. But its applications are potentially manifold in Chinese-centric cuisine. Eventually, the company aims to move beyond ground shrimp meat to produce crab, lobster, and a structured deshelled shrimp. Read more.
WIPO’s Inventor Assistance Program
The Inventor Assistance Program (IAP) – a WIPO initiative in cooperation with the World Economic Forum – is the first global program to match developing country inventors and small businesses with limited financial means with patent attorneys. These experts provide pro bono legal assistance to help inventors secure patent protection. Participating countries are Colombia, Ecuador, Morocco, Peru, the Philippines, South Africa. Innovation Council members Novartis and Qualcomm are on the advisory board of the IAP, and were instrumental in its establishment.