Ideas for Inclusion in National IP Strategy

IPIC is pleased to provide some ‘big ideas’ for consideration of Innovation, Science and Economic Development Canada (ISED) in the development of their comprehensive National IP Strategy mentioned in the Federal Budget 2017 – Building A Strong Middle Class.

Intellectual property is a fundamental element in the growth of innovative companies. Therefore, IPIC was extremely pleased to see ISED commit in the budget to a national IP strategy as a key piece of the overall Innovation Agenda.

Because innovation and intellectual property are inextricably linked, countries that are global innovation leaders have robust IP systems. These systems function effectively because of many elements including legislation, education, incentives, and the way each IP actor performs to sustain innovation. For Canada to succeed in a global innovation race we need to create a culture of innovation, built from the ground up and instilled within the very fabric of the Canadian economy and DNA of the Canadian people.

It is for these reasons we are recommending the ideas within this submission, grouped into five categories: education, tax incentives / financial support, legislative changes, enforcement and practice policy.