Wednesday, May 24, 2017

Canada needs an innovative intellectual property strategy; Globe and Mail, May 19, 2017

James Hinton and Peter Cowan, Globe and Mail; 

Canada needs an innovative intellectual property strategy

"The recent federal budget signalled a dramatic shift in Canada’s approach to innovation. By announcing a national intellectual property (IP) strategy, the government finally addressed the calls of innovation experts who understand the critical role of IP in a 21st-century economy...

Canadian innovators have only a basic understanding about IP
Canadian entrepreneurs understand IP strategy as a defensive mechanism to protect their products. In reality, IP is the most critical tool for revenue growth and global expansion in a 21st-century economy. Cross-discipline awareness and education is needed so that our innovators know how to generate IP through technology standards, regulatory design, ecosystem-licensing strategies, litigation, trade agreements and so on. Companies should also have access to pro bono and low-cost services at all publicly funded institutions."

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