Written Submission for the Pre-Budget Consultations in Advance of the 2020 Budget
The scale of Canada’s economic growth depends on our ability to encourage and reward innovative ideas, products and services that are created in our own backyard and around the world. IPIC has identified five recommendations that will develop and encourage economic growth within Canada, making our businesses more competitive, desirable to the global market, and successful.
Intellectual Property in Canada is already supporting climate change initiatives. The Canadian Intellectual Property Office (CIPO) has created a fast-track program for those seeking a patent for clean technology innovations.In order to create an economy that is aligned with the importance of our current climate emergency and the required transition to a low carbon economy, clean technology innovations must have IP rights protected in order to succeed in the Canadian and global markets.
Through Budget 2020, Canada has the opportunity to be a world leader in intellectual property rights. The following recommendations will serve to empower small and medium-sized business owners, create employment growth, empower commercialization and better protections for all sectors, including clean technology innovations.