InternationalUSRemember you can easily switch between MIP US and MIP International at any time

Guest post: Innovation and the case for confidence



Guest author


In this guest blog post, Patrick Kilbride, executive director, international intellectual property at the US Chamber of Commerce, emphasises the need for a common, global approach to IP policy

Kilbride_Patrick_300
Patrick Kilbride
We live in a world of innovation haves and have nots. A relatively small group of nations produces the vast majority of paradigm-changing technological innovations and related products. Meanwhile, the rest of the world tends to characterise itself as net consumers of innovation.


These characterisations foster policy mindsets that lock countries into their respective positions: a country that considers itself an innovative producer will tend to favour stronger IP rights in order to further stimulate innovation at home and safeguard its assets overseas; a net consumer of innovation may believe its national self interest lies in policies that devalue IP rights in order to cheapen access to innovative products.

However, all nations ultimately share the objectives of (1) maximising innovative output, and (2) maximising access to that innovation. A common, global approach to IP policy could result in enhanced outcomes on both fronts.

Research by the US Chamber of Commerce’s Global Intellectual Property Center (GIPC) suggests that high intellectual property standards create the conditions for innovation success on the macro-economic scale. Specifically, GIPC analysis shows a strongly positive correlation between stronger IP systems and universally desirable outcomes, such as innovative output, access to finance for start-ups, job creation in knowledge intensive industries and private sector spending on research and development, to name a few.

The results suggest that as countries of all sizes and levels of development enhance their IP standards they increasingly reap rewards that previously belonged to only a favoured few highly developed nations.

Looking beyond the empirical evidence, I believe that beyond simply putting IP laws and resources in place, the critical ingredient in an innovation ecosystem is confidence. The most successful innovative nations foster an environment where respect for IP rights is institutionalised.

In that environment, while individual administrative and judicial decisions may - and frequently do - go against rights holders, there is strong confidence that collectively such rights are systemically protected, enabling would-be innovators to take risks and invest substantial capital in the research and development of innovations.

Conversely, in many countries that are not today large-scale innovative economies, the IP regime, often weak to begin with, is usually further undermined by political rhetoric and policy measures that actively reduce the ability of innovators to rely on the system with any degree of confidence.

This suggests that there are three prerequisites for a strong IP system that supports an innovative economy: first, and fundamentally, a strong policy commitment to intellectual property through laws and mechanisms that promote patents, copyrights, trade marks and trade secrets; second, enforcement mechanisms sufficient to provide an effective deterrent against infringement, counterfeiting and piracy; and, third, a vocal and consistent political commitment to IP-led innovation.

With these three elements in place, innovators anywhere can risk and invest with confidence and any country can succeed in becoming an innovative economy.

Patrick Kilbride will be speaking at Managing IP’s International Patent Forum in London in March. For full details, see our event page.

Comments






profile

Managing IP

ManagingIP

ManagingIP profile

RT @MarquesIP: At #marques17 Dimitris Botis of @EU_IPO & Simon Malynicz of @3NewSquare discuss the EUTM changes coming on October 1 #EUIPO0…

Sep 21 2017 08:53 ·  reply ·  retweet ·  favourite
ManagingIP profile

RT @pmdm: Motion marks at EUIPO may now feature sound. #marques17 https://t.co/1s4xpYpZCA

Sep 21 2017 08:53 ·  reply ·  retweet ·  favourite
ManagingIP profile

Congratulations to Mark and Michael! https://t.co/kOzP3XfAFU

Sep 21 2017 08:52 ·  reply ·  retweet ·  favourite

Popular Posts

Blog Archive

IP-related blogs

1709 Copyright Blog

Afro-IP

AIA blog

Art and Artifice

China IPR

Class 99

Domain Incite

FOSS Patents

Green Patent Blog

Incontestable

IP CloseUp

IP Dragon

IP finance

IP Kat

IP Komodo

IP tango

IP Watchdog

IPEG

MARQUES Class 46

Orange Book Blog

Patent Baristas

PatentlyO

PatLit

SPC Blog

Spicy IP

The Trademark Blog

The TTABlog