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."
