A new WIPO publication available online

The World Intellectual Property Organization has just published a report called ‘World Intellectual Property Report - The changing face of Innovation’. The report describes how ownership of IP rights has risen to become one of the world most important strategies of innovating. This new trend was observed through growing investments in innovation and relevant catalysts of the globalization of economy.

According to the report, IP policy has moved to the forefront of innovation policy. The document presents some interesting observations:

• Firm’s trade and license IP rights frequently
• Knowledge markets enable firms to become more innovative and competitive
• Many countries have created policies to tackle public research for innovation. One element of such policies is to incentives patenting by university and public research organizations (PROs) and the subsequent commercial development of their inventions

Through its new World Intellectual Property Report series, WIPO seeks to explain, clarify and contribute to policy analysis relating to IP, with a view to facilitating evidence-based policymaking.

You can access the report directly from the WIPO’s website.