WASHINGTON April 26, 2011 - James Pooley, Deputy Director General for Innovation and Technology at the World Intellectual Property Organization (WIPO), delivered the keynote address Tuesday at the sixth annual world intellectual property day forum, calling patents a "key driver for innovation".
“The patent system generates the incentive for innovation,” Pooley said during the event, which was hosted by the Institute for Policy Innovation. “The intellectual property system is not just about innovation though, it’s also about bringing ideas to market.”
Pooley explained how patents provide not only protection for inventors but also assurances for investors.
“By having a patent protecting a product, investors feel their investments are protected from being copied or stolen,” said Pooley.
WIPO is trying to spur global innovation through the Patent Cooperation Treaty. The Patent Cooperation Treaty provides a unified international patent filing system for 142 nations. By having a single application, inventors are able to gain faster access to the international market.
The number of international patent filings by U.S. companies has flattened, but those filed by Chinese companies has risen steeply.
China is now the fourth largest filer of international patent applications. Currently the Chinese government is subsidizing the costs of filling a patent, which is driving the large number of filings but Pooley feels that this subsidy will likely not last forever.
Currently, one-third of the international patents that are filed come out of Asia.
- Broadband Roundup: Digital Inclusion Often Falls Short, Rumble Over Roomba Spectrum, Deal Over Education SuperHighway
- Gordon Smith: Can a 5G Fund Connect Rural America at 21st Century Speeds?
- Smart Cities Connect to Hold 2020 Global Event Honoring 50 Smart Projects
- Broadband Roundup: More on the Rural Digital Opportunity Fund, 5G National Advocacy, and Policy Hackers
- Panelists on NTIA Broadband Webinar Say Smart Buildings Boost Civic Resiliency and Public Health
Signup for Broadband Breakfast
Open Access4 weeks ago
UTOPIA Fiber: A Model Open-Access Network
China2 months ago
Prakash Sangam: China’s Huawei Clones Are Greater Threat to National Security than Huawei
Broadband's Impact3 months ago
FCC Chairman Ajit Pai Praises Agency’s Work in Promoting High-Speed Internet at ‘Broadband Heros’ Event
Open Access3 months ago
UTOPIA Fiber Announces Partnerships with Morgan, Utah, Idaho Falls, and Other Cities
Broadband Mapping & Data3 months ago
Broadband Data From Providers Needs to be Checked With Data From Users, Say Panelists at Mapping Event
Education3 months ago
State Educational Technology Officials Say Better Broadband Necessary for Pedagogy and Equity
FCC1 month ago
Telephony Industry Rises to the Challenge of Robocalls, With Legislation, Regulation and Enforcement Close Behind
FCC2 months ago
As Next Year’s C-Band Auction Looms, FCC Officials Reflect on Innovation in Spectrum Auctions