Knowledge Economy (APICC Whitepaper #1)

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Knowledge Economy (APICC Whitepaper #1)

  1. 1. 1 Practical Steps towards turning Hong Kong into a Knowledge Based Economy By Stephen Selby, Director, Intellectual Property Department, HKSAR Government and Convenor of the APEC Intellectual Property Rights Experts Group Tuesday, May 13, 2008The 2007 APEC Leaders statement issued on 9th September 2007 included thefollowing text:"[Leaders]… agreed to continue to strengthen protection and enforcement of intellectualproperty rights (IPR) in the region. We recognised that a strong knowledge based economyrequires a comprehensive and balanced IPR system, as well as an environment that encouragescreativity and innovation and provides the tools for successful management and utilisation ofIPR. We also agreed to continued efforts by APEC economies to combat the sale of counterfeitand pirated goods at markets involved in this activity."What are the implications of the APEC “Self-initiated Innovation” and “Self-Statement? initiated IP Rights”.This high-level statement indicates thatthe APEC Leaders recognise the This leads to the question of what Hongimportance of IP rights and of fostering a Kong can specifically do to encouragebusiness climate in which they are creativity and innovation and providesrespected and effectively exploited as two the tools for successful management andof the pre-requisites for performance in utilisation of IPR.the knowledge based economy. Has Hong Kong fully exploited its uniqueHong Kong, both as a developing position in the China and APEC Contexts?knowledge city and as a bridge between Perhaps the key questions we should askChina and the western world, possesses are:advantages that can be leveraged to 1. Does Hong Kong have what it takesconsolidate our position as one of the to become a true knowledge city?knowledge economy leaders in the region. 2. We talk about developing creativeHowever, there are also certain gaps industries and a knowledge-basedwhich need to be addressed. economy; but are we able to explain to the business community how thatClosely related to the APEC Leaders’ can be achieved?Statement on IPR are the wishes express in 3. Have we properly appreciated theMainland’s 11th Five Year Plan to create increased business risk associated Asia Pacific Intellectual Capital Centre White Paper #1 (August 2008) © Asia Pacific Intellectual Capital Centre 2008 All Rights Reserved
  2. 2. 2 with developing creative, knowledge 1. Creating the best environment for based products, and are we prepared value creation and networking right to lead business through the basic inside individual enterprises rather than at steps that are vital to mitigating those the macro level. risks? 2. Assembling and demonstrating the4. Should we help develop practices that tools for managing intellectual assets make full use of Hong Kong’s unique and IPR. advantages, including the rule of law 3. Creating awareness among business and its international networking people of the opportunities and risks capability that will have strong posed by the developing knowledge influence on economic transformation economy both in Hong Kong and in of Hong Kong and China? overseas markets, and issuing a “call to action”.The advantages which Hong Kong 4. Leveraging the know-how inpossesses among others are a long managing intellectual capitalestablished rule of law (including IP law (including IPR) that is available todaydating back to 1873), a practical from the leading world practitioners.understanding of business from both aChinese and a Western perspective, a Practical initiatives undertaken in Hongstrong entrepreneurial spirit, a well Kong and mainland Chinadeveloped modern transport system and a To build on its already advantagedstate-of-the-art internet infrastructure. situation, Hong Kong needs to tap into theThese attributes all encourage the worldwide network of activities ininterplay of people with ideas and foster innovation and the mining of intellectualinnovation. capital. This work has already started; but it must be deepened and accelerated.To support this position, Hong Kong hasinvested heavily in universities and the If Hong Kong is to become a leader inHong Kong Science and Technology Park innovation, the fast track to achieving this(HKSTP) and other HKSAR Government goal is through espousing and promotingsponsored research centres. However this Intellectual Capital Management (ICM).may not be enough to allow Hong Kong toreach the forefront of the knowledge age What is ICM?because these initiatives do not filter Some individuals are born creativedown to the day-to-day management geniuses; but most enterprises canlevel of the great majority of Hong Kong develop creative talent and innovationSMEs operating in Hong Kong and the through training. ICM is a set of tools,Mainland. which allows enterprises to tap into reservoirs of knowledge and expertise thatFurther issues need to be addressed before they already possess, but may not beHong Kong can become a leader in the exploiting effectively. It also helps them tofields of: appreciate competitive pressures from Asia Pacific Intellectual Capital Centre White Paper #1 (August 2008) © Asia Pacific Intellectual Capital Centre 2008 All Rights Reserved
  3. 3. 3outside economies and identify their manufacturing and service sectors.needs to obtain improved knowledge andexpertise (sometimes known as Even if the exercise does not immediatelydeveloping “social intelligence”.) identify any potential money-spinners for some small enterprises, the techniques forIn outline, the process involves: identifying risks and developing an IP• Analyzing existing enterprise strategy help enterprises save money and knowledge, recording it as far as effort that result from dealing with IP possible and making it sharable within infringement later on. They will help the enterprise. This becomes the strengthen Hong Kong’s IP compliance enterprise’s ‘intellectual capital’; and develop robust supply-chain• Identifying possible sources of management, ensuring that our products revenue that could be extracted from and service continue to gain ready access existing intellectual capital and to world markets. developing marketing plans for them; and Developing the Intellectual Capital• Assessing risks involved in protecting Management Concept in Hong Kong the enterprise’s intellectual assets and There needs to be more focus in Hong using an effective intellectual property Kong on Intellectual Capital Management. strategy to minimize business risk. We need to enter into a deeper and broader dialogue with the other World IC Another View of Intellectual Capital TOWARDS INNOVATION Intellectual Knowledge & Innovation Intellectual Assets Know-How Property (Intellectual Capital)From the enterprise’s point of view, this isan extremely cost-effective way to start off Centres.on the road towards innovation andcreativity. It can be applied to both the The development of this type of centre in Asia Pacific Intellectual Capital Centre White Paper #1 (August 2008) © Asia Pacific Intellectual Capital Centre 2008 All Rights Reserved
  4. 4. 4Hong Kong is essential in order to providethe tools for successful management and Individuals, business enterprises,utilization of Intellectual Capital and IPRs. government and non-governmentIn today’s world, the way in which organization in Hong Kong and areknowledge is created and used is invited to lend endorsement and practicalinextricably linked with an understanding level support for this initiative in the formof ICM and how intellectual capital is of:created and used. The technique 1. Working with the APICC, Intellectualdeveloped in the USA and Europe in the Property Department, Scottishperiod 1990 – 2000 links ICM to the core Intellectual Assets Centre and otherbusiness processes and IP Strategies of similar centres in mainland Chinamajor multinational corporations. Recent and around the world in thedevelopments in Intellectual Capital “Knowledge Economy” initiatives.Management extend this approach to This initiative could be widelyinclude training, coaching and defined as value creation and valuemanagement of knowledge workers in extraction through: promotingSmall and Medium Enterprises. innovation, technology development, technology transfer and provision ofThe creation of such a network of Intellectual Capital Management asfacilitation centres throughout China is management level tools toalready a work-in-progress. enterprises. 2. Providing the management focus,An agreement has been signed between physical space, administrative andthe Scottish Intellectual Asset Centre (the other infrastructure support andfirst such center ever created) and the Asia focus to support the IntellectualPacific Intellectual Capital Centre (APICC) Capital Management (ICM) initiativesin Hong Kong. within your own company or organization.The APICC will be affiliated to a number 3. Participating as industry partners toof Intellectual Capital Centres in mainland the training and educationChina and around the world. The programmes, research groups andNetwork would build on local Hong Kong workgroups to be initiated by theexpertise, access and translate the pool of Intellectual Property Department andknowledge available across the world1 to APICC.meet the needs of Hong Kong enterprisesoperating in Hong Kong and mainland For more information, please contact:China. Asia-Pacific Intellectual Capital Centre Tel: +852 2503-13831 E.g. METI Protocol for IA Based Management, IA Centre Fax: +852 2503-3645Scotland Diagnostic Tools, InHolland University Degree Website: http://www.apicc.asiaCourse in Sustainable Programme in Intellectual Capital e-mail: info@apicc.asiaEducation, etc. Asia Pacific Intellectual Capital Centre White Paper #1 (August 2008) © Asia Pacific Intellectual Capital Centre 2008 All Rights Reserved

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