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Evolving properties of intellectual capitalism

Patents and Innovations for Growth and Welfare

Ove Granstrand

Intellectual capitalism is evolving, driving and driven by technological innovations and various forms of entrepreneruship. The purpose of this eagerly anticipated book is to analyze the linkages between R & D, patents, innovations, entrepreneurship and growth. Based on a large array of national empirical and policy studies, it elaborates on a comprehensive range of innovation and IP issues that are pertinent not only to Europe but to the world as a whole. These issues include the role of patents and licensing in the governance of technology and innovation, and the various uses and abuses of patents. It further elaborates on new IP phenomena in an increasingly patent-intensive world with patent-rich multinationals and patent-savvy new entrants from Asia. In a world facing challenges that call for innovative responses, the book contains a set of valuable policy recommendations for strengthening innovativeness for economic growth and ultimately for social value creation.
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Chapter 7: Discussion and general innovation and IP policy recommendations

Ove Granstrand

Extract

A changing economy calls for changing institutional roles, e.g. regarding the role of governments and transnational institutions. Develop a national culture for IP and I & E, strengthen the different types of entrepreneurship (independent, corporate, state, university) and innovation systems (national, sectorial, regional, corporate, military, university) and promote the different forms of open innovation through various means. Support the harmonization of the international patent system, the PCT system and the European UP and UPC and the rationalization of the international patent office organization and the European IP litigation system. Change certain aspects of patentability criteria. Create a national strategy council for innovations and IP.

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