WIPO+LES+A*STAR Seminar 2010

On Aug 31, the first WIPO+LES+A*STAR Seminar on open innovation and emerging IP rights was held at the Biopolis. I had the opportunity to attend it and listen to key speakers, all prominent individuals in the licensing arena. Here are just some of the succinct points and after thoughts  of the talks.

 

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1. WIPO Initiatives Worldwide on Open Innovation
By Mr. Pushpendra Rai, Head of WIPO Office in Singapore
  • Current Trends are putting more pressure on the IP system; Intensity, Geographic Shift, Globalisation.
  • Gap between filing vs grant. Over a million cases backlogged.
  • 7.6 billion lost per year for pending applications.
  • Duplicate applications.
  • Why Open Innovation? Pressure on systems, internationalization of science and tech, mobility of people, intensification of knowledge economy
  • Closed vs Open Innovation. Vertical silos, development of own capabilities, internal development, reaching out to conventional markets.
  • Change of focus for WIPO. From IP rights (grant, protect and preserve) to technology transfer, competition law, health, environment focus.
  • http://www.wipo.int/activities/en/

2. Managing & Licensing IP in the World of Open Innovation
By Dr. Alex Yu, LES SG Exco
  • IP has no intrinsic value.
  • Value of IP only arises from the commercialization business model.
  • IP should be managed to serve the business, not be the business.
  • Traditional model. Control and exclusion. Litigation as last resort. Validity of claims. IP has no value if not commercialized, licensed or infringed.
  • Open innovation. IP is managed to serve the business. Enhance business models. Leverage internal and external IP. Goal to create and capture value for business
  • Possible Paradigm Shifts
    • Leverage inclusivity rather than exclusivity
    • Licensing IP for collaboration rather than just revenue generation
    • Leverage IP strength in strategic alliances
    • Manage IP as the chief source of competitive advantage    

3. Open Innovation & Worldwide Implications
By Mr. Pat O’Reilley, LESI President/Finnegan, USA
  • Open innovation used to be known as collective ingenuity 
  • Open innovation is not open source.
  • Crowdsourcing Innovation Examples
    • 2006 IBM Innovation Jam
    • Innocentive
    • Google Lunar X Prize.
  • Why open innovation again?
    • Exponential growth in knowledge
    • Job movers. Mobile workforce
    • Technology widely disseminated
    • Education in science and technology expanded.
    • Cost of internal innovation is too high
    • Rise of the SMEs
    • Cross border technologies
  • Lead time is more important than patents.
  • OECD Open Innovation Strategy
  • Open innovation weakness? No matchmaking service. How to know who to partner? Good old fashioned way – Network and Research
  • Need for uniform legal provisions and principles & standard transaction provisions.   

4. Developments on drug related laws in Asia Pacific
By Dr. Peter Dolan, Sanofi Aventis
  • Case studies of;
    • Korea – Strict patent requirement 
    • India – Section 3(D)
    • Philippines – Cheaper medical act (2009)
  • Pharmas are kissing frogs, hoping for one to turn into a prince.

5. Evaluating the Value of Patents – Recent Trends
By Dr. Mark Horsburg, Fisher Adams Kelly, Australia
  • Patent appraisal/valuation
  • Its not just about the money
  • Analogy with real estate to IP
  • Portfolio approach to valuation
  • IP Marketplaces

 

So what are the open innovation platforms in Singapore? I think that the open innovation platform sits comfortably with the science research organisations. They will be able to issue challenges of global and local importance to help direct research and talents. This may be argued that it would kill basic blue sky research, and hence we have to protect this sort of research and let the really creative types continue as we would not know where the boundaries of science exist.

Some local open innovation happenings;
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