This document summarizes the progress of Hong Kong's Working Group on Intellectual Property Trading since May 2013. It outlines the strategic framework developed by the Working Group to position Hong Kong as an IP trading hub in Asia, including 4 strategic areas and related focus strategies. It discusses actions taken in areas such as enhancing IP protection, supporting IP creation and intermediary services, and promoting IP trading. Two subgroups have also been formed to study specialized topics of IP valuation and arbitration/mediation. The overall aim is to develop Hong Kong's IP sector and facilitate IP transactions.
This document discusses fostering the development of intellectual property trading in Hong Kong. It outlines that IP trading refers to buying, selling, and transferring of IP rights such as patents, copyrights, trademarks. Hong Kong has the potential to develop into a regional IP trading hub due to its position as a business hub near China, robust IP protection system, and pool of trilingual professionals. A working group was formed to develop strategies to promote Hong Kong as an IP trading hub and identify support measures. The strategies may include enhancing IP protection, supporting IP creation and use, and fostering IP intermediary services and training. IP trading could benefit the economy by facilitating technology transfer, supporting innovation and businesses, and creating high-skilled jobs.
The report discusses international developments in IP trading and Hong Kong's position. Globally, IP trading is growing rapidly driven by innovation. The use and creation of IP is shifting towards Asia, especially China. China has overtaken the US in patent applications and leads the world in trademarks and industrial designs. Hong Kong has advantages as an IP trading hub due to its sound legal system, low tax regime, and position as a super-connector between China and the world. The report aims to develop strategies to promote Hong Kong as a premier IP trading hub.
The document discusses the development of an IP Finance Toolkit by the Intellectual Property Office. The toolkit aims to help businesses articulate their intellectual property assets to financial services professionals in order to secure financing. It provides guidance on IP management strategies, valuing IP, and different financing options available for IP-rich businesses. The toolkit includes checklists to help businesses inventory their IP assets and assess the valuation of their intellectual property rights.
Microsoft word proposal for kenya investment authority 17.09Bourle
The document proposes that Kenya Investment Authority subscribe to fDi Markets and Investor Signals tools to help promote investment in Kenya. The tools track global investment projects and provide profiles of companies to identify potential investors. They also help target companies for investment missions and trade shows. The proposal offers discounts on one- or multi-year subscriptions for the online tools, and training to help maximize their use in attracting foreign direct investment.
This document provides an overview of fDi Markets, an online FDI database and investor targeting tool. It tracks nearly 100,000 investment projects worth over $7 trillion. The database contains detailed project-level data tagged by industry, location, jobs/investment, and investor details. Subscribers gain benefits like developing investment strategies, profiling markets/companies, evaluating performance, and generating leads. Additional modules provide signals on potential investors. The tool is used by over 150 governments and multinational firms for investment promotion and business development.
National program single window eng 21 mar-07Bayar Tsend
This document presents a proposed National Program to establish a single electronic window (SEW) for trade facilitation in Mongolia. It discusses key concepts regarding SEWs including their benefits, models of implementation, and factors for success. The proposed National Program aims to simplify trade procedures, reduce costs, and increase transparency and revenue. It recommends establishing an independent joint-stock company to lead implementation, identifying strategic international partners, and making legal and regulatory changes to support a SEW. The recommendations draw on best practices from other countries with successful SEW systems.
Chapter 11 regulatory initiatives on fin techQuan Risk
This document discusses regulatory initiatives on FinTech in Hong Kong. It outlines how Hong Kong has established a steering group and made budget commitments to develop FinTech and become a hub. Key regulatory bodies like HKMA have launched initiatives for industry liaison, research, regulatory interface, and talent development. This includes a FinTech supervisory sandbox and addressing challenges around hiring FinTech talent. Academic programs have also been established to support the growth of FinTech.
This document discusses fostering the development of intellectual property trading in Hong Kong. It outlines that IP trading refers to buying, selling, and transferring of IP rights such as patents, copyrights, trademarks. Hong Kong has the potential to develop into a regional IP trading hub due to its position as a business hub near China, robust IP protection system, and pool of trilingual professionals. A working group was formed to develop strategies to promote Hong Kong as an IP trading hub and identify support measures. The strategies may include enhancing IP protection, supporting IP creation and use, and fostering IP intermediary services and training. IP trading could benefit the economy by facilitating technology transfer, supporting innovation and businesses, and creating high-skilled jobs.
The report discusses international developments in IP trading and Hong Kong's position. Globally, IP trading is growing rapidly driven by innovation. The use and creation of IP is shifting towards Asia, especially China. China has overtaken the US in patent applications and leads the world in trademarks and industrial designs. Hong Kong has advantages as an IP trading hub due to its sound legal system, low tax regime, and position as a super-connector between China and the world. The report aims to develop strategies to promote Hong Kong as a premier IP trading hub.
The document discusses the development of an IP Finance Toolkit by the Intellectual Property Office. The toolkit aims to help businesses articulate their intellectual property assets to financial services professionals in order to secure financing. It provides guidance on IP management strategies, valuing IP, and different financing options available for IP-rich businesses. The toolkit includes checklists to help businesses inventory their IP assets and assess the valuation of their intellectual property rights.
Microsoft word proposal for kenya investment authority 17.09Bourle
The document proposes that Kenya Investment Authority subscribe to fDi Markets and Investor Signals tools to help promote investment in Kenya. The tools track global investment projects and provide profiles of companies to identify potential investors. They also help target companies for investment missions and trade shows. The proposal offers discounts on one- or multi-year subscriptions for the online tools, and training to help maximize their use in attracting foreign direct investment.
This document provides an overview of fDi Markets, an online FDI database and investor targeting tool. It tracks nearly 100,000 investment projects worth over $7 trillion. The database contains detailed project-level data tagged by industry, location, jobs/investment, and investor details. Subscribers gain benefits like developing investment strategies, profiling markets/companies, evaluating performance, and generating leads. Additional modules provide signals on potential investors. The tool is used by over 150 governments and multinational firms for investment promotion and business development.
National program single window eng 21 mar-07Bayar Tsend
This document presents a proposed National Program to establish a single electronic window (SEW) for trade facilitation in Mongolia. It discusses key concepts regarding SEWs including their benefits, models of implementation, and factors for success. The proposed National Program aims to simplify trade procedures, reduce costs, and increase transparency and revenue. It recommends establishing an independent joint-stock company to lead implementation, identifying strategic international partners, and making legal and regulatory changes to support a SEW. The recommendations draw on best practices from other countries with successful SEW systems.
Chapter 11 regulatory initiatives on fin techQuan Risk
This document discusses regulatory initiatives on FinTech in Hong Kong. It outlines how Hong Kong has established a steering group and made budget commitments to develop FinTech and become a hub. Key regulatory bodies like HKMA have launched initiatives for industry liaison, research, regulatory interface, and talent development. This includes a FinTech supervisory sandbox and addressing challenges around hiring FinTech talent. Academic programs have also been established to support the growth of FinTech.
IPR Policy will promote a holistic and conducive ecosystem to catalyse the full potential of intellectual property for India's economic growth and socio-cultural development, while protecting public interest.
NATIONAL INTELLECTUAL PROPERTY POLICY- INDIA - 12.05.2016Innomantra
National IPR Policy 12.05.2016 : Courtesy : Ministry of Commerce & Industry, Department of Industrial Policy and Promotion, Government of India.
This has been shared to spread the awareness.
Ref:http://dipp.nic.in/English/Schemes/Intellectual_Property_Rights/National_IPR_Policy_12.05.2016.pdf
IPR for finance, subsidy & project related support contact - 9861458008Radha Krishna Sahoo
This document provides guidelines for implementing a scheme to build awareness of intellectual property rights (IPR) among micro, small, and medium enterprises (MSMEs) in India. The objective is to enhance MSME awareness of IPR in order to protect their ideas and business strategies. The main activities proposed include awareness programs, pilot studies, seminars/workshops, training, assistance for patent/geographical indication registration, setting up IPR facilitation centers, and interacting with international agencies. A steering committee will monitor the scheme and a project implementation committee will review proposals and recommend approvals. Funding limits for each activity are provided along with definitions of eligible participants and applicants.
Ireland's National IP Protocol 2019 - An Overview by Alison Campbell, Directo...Elizabeth Carvill
The National IP Protocol 2019 is Ireland's framework for research commercialization. It provides guidance on collaborative research, contracting, licensing, spin-out company formation, and IP management. The 2019 update includes a new chapter on spin-out formation, expanded information on state aid rules, and additional requirements for research organization IP policies. The protocol aims to encourage industry benefits from public research and support the commercialization of Irish research.
Announcement of interim report by the Information Economy Committee of the Industrial Structure Council
The Information Economy Committee of the Industrial Structure Council (chaired by Mr. Jun Murai, Professor, Fuculty of Environment and Information Studies, Keio University) compiled and released action plans on six priority areas and five cross-sectional policy challenges aiming at the creation of new industries linked to information technologies.
http://www.meti.go.jp/english/press/2011/0811_01.html
Commercialization of inventions is a strategic instrument for IP asset management. To make use of its knowledge and innovation, companies are now starting to think of using this asset as the basis of their business strategy. This concept is even more important for small and medium-sized enterprise for which the capital or physical assets are scarce and difficult to obtain. Unlike other assets, the value of IP assets will be substantially increased through proper use and legal protection. In this regard, many young emerging economies have counted on the importance of intellectual property rights protection as a key instrument for economic development and endeavor to use this instrument in the economic, social, scientific and technological strategic development of each country
This document summarizes an introductory seminar on intellectual property held in Muscat, Oman in April 2004. It discusses how the formation of the World Trade Organization and agreements like TRIPS have standardized intellectual property rights and required countries to amend their laws accordingly. It outlines the various tools available for intellectual property protection, including patents, trademarks, copyrights, industrial designs, trade secrets, and geographical indications. It emphasizes that intellectual property rights are important for businesses of all sizes to protect their innovations, brand, and competitive advantages in the global marketplace.
This document discusses intellectual property rights (IPR) including definitions, types of IPR such as patents, copyrights, trademarks, and geographical indications. It provides details on the scope, objectives, and sources of patent information. It discusses the patent application and processing system. It summarizes the key features and objectives of India's National IPR Policy of 2016. Finally, it briefly discusses the Trade-Related Aspects of Intellectual Property Rights (TRIPS) agreement and international and regional IPR agreements.
Trademarks and Their Importance to Digital Economies of Developing CountriesLawPlus Ltd.
“In the age of the knowledge economy, the efficient and creative use of knowledge is a key determinant of international competitiveness, wealth creation and improved social welfare.”
“An effective intellectual property (IP) system embedded within a national strategy which anchors IP considerations firmly within the policy-making process will help a nation to promote and protect its intellectual assets, thereby driving economic growth and wealth creation.”
Kamil Idris
Former WIPO Director General
This document is a report on international business written by Ranbir Kumar Singh for his PGDM program at the International School of Management in Patna, India. It begins with an acknowledgements section thanking faculty members. The content section outlines nine chapters covering topics in international business including the cultural, economic, political, and legal environments. Chapter 1 defines international business and compares it to domestic business. It also discusses the reasons for studying international business and the major driving and restricting forces. Subsequent chapters cover specific aspects of the cultural environment and its components.
FinCorp Investment Holding SAE is an Egyptian investment banking firm established in 1998 providing financial advisory services. The document outlines FinCorp's experience providing advisory services for major infrastructure and real estate projects across Africa and the Middle East, including airports, cities, and real estate developments. It also summarizes FinCorp's expertise in sectors such as energy, manufacturing, banking, and healthcare. Key members and clients are listed, demonstrating FinCorp's regional reputation and track record in mergers and acquisitions, private placements, and project finance.
An insightful new patent development and monetization methodology for creating new business in the emerging IoT market.
1. New Patent Development Opportunity Analysis
2. New Patent Preparation & Prosecution Strategy
3. Strategic Patent Development Exploiting Existing Patents
4. Monetization Exploiting Strategically Packaged Patent Portfolio
5. Development of Strategically Packaged Patent Portfolio Best Practice
6. Methodology for Developing Strategically Packaged Patent Portfolio
Iraq's Special Economic Zones: A Brief IntroductionOECDglobal
Presented 17 February 2015 - Paris, France
The Seventh Meeting of the Working Group on Investment Zones in Iraq
Session 2: SEZs in Iraq
Maximilien PIEROTTI, International Programme Co-ordinator, UNIDO and Thomas FLYNN, Policy Analyst, Global Relations Secretariat, OECD
Iraq’s Special Economic Zones: Brief IntroductionOECDglobal
Iraq’s Special Economic Zones: Brief Introduction, 7th Working Group Meeting on Investment Zones in Iraq, Maximilien Pierotti, International Programme Co-ordinator, UNIDO
Thomas Flynn, Policy Analyst, MENA Division, GRS
Paris, France
17 February 2015
GBS CH 8 FDI RELATED ENTRY MODE STRATEGY Shadina Shah
Foreign direct investment (FDI) can occur through mergers and acquisitions or various types of joint ventures and strategic alliances. When embarking on FDI, companies should analyze the level of competitiveness in the target market, conduct thorough market research, consider market expectations, and evaluate their own internal resources. Common forms of FDI include joint ventures, licensing agreements, cross-border mergers and acquisitions, and strategic partnerships.
India recently updated its intellectual property policy to align with global standards and encourage innovation. The new policy aims to speed up online registration of patents and trademarks. It makes the Department of Industrial Promotion and Policy the main regulator of IP rights. Since 2014, global pharmaceutical companies have influenced changes to India's IP rules. However, past policies did not fully benefit innovation. The new policy reforms this and protects owners' rights while benefiting the public. It also creates an innovation culture by educating people about IP.
Intellectual Property Rights and Competition Law A Cont.docxvrickens
Intellectual Property Rights and Competition
Law: A Context for Coordination and
Harmonization
Gwen Grecia-De Vera*
I. INTRODUCTION ........................................................................ 1111
II. OVERVIEW OF THE PHILIPPINE COMPETITION ACT .................. 1113
III. THE INTELLECTUAL PROPERTY CODE ..................................... 1120
IV. INTELLECTUAL PROPERTY AND COMPETITION ........................ 1132
V. COORDINATION AND HARMONIZATION ................................. 1153
I. INTRODUCTION
The Intellectual Property Code of the Philippines1 (IP Code) was enacted in
light of the State policy to protect and secure, for a specific statutory
duration, the exclusive rights of scientists, artists, and other gifted citizens of
their intellectual and industrial property under the 1987 Constitution.2 Since
its effectivity in 1998,3 the IP Code has provided the legislative and
* ’95 LL.B, University of the Philippines College of Law. The Author served as
the Philippine Competition Commission’s first Executive Director. She was the
former Dean of the Manuel Luiz Quezon University School of Law. She is currently
a Senior Lecturer at the University of the Philippines College of Law.
Cite as 62 ATENEO L.J. 1111 (2018).
1. An Act Prescribing the Intellectual Property Code and Establishing the
Intellectual Property Office, Providing for Powers and Functions, and for Other
Purposes [INTELL. PROP. CODE], Republic Act No. 8293 (1998).
2. PHIL. CONST. art. XIV, § 13.
3. The Intellectual Property Code (IP Code) took effect on 1 January 1998 and, by
its express provision, repealed the following laws: the Trademark Law, the
Patent Law, Articles 188 and 189 of the Revised Penal Code, the Decree on
Intellectual Property, and the Decree on Compulsory Reprinting of Foreign
Textbooks. The IP Code was enacted to strengthen the intellectual and
industrial property system in the Philippines as mandated by the country’s
accession to the Agreement Establishing the World Trade Organization. See
INTELL. PROP. CODE, §§ 2 & 240 (as amended).
1112 ATENEO LAW JOURNAL [vol. 62:1111
institutional framework for the protection and enforcement of intellectual
property rights (IPR) across patents, trademarks, copyright, geographic
indications, and trade secrets.4 It reflects the core inducement for innovation
and artistic creation in the grant of exclusive rights to use and exploit an
invention or artistic work. However, the welfare effects of the IPR
protection under the IP Code remain unclear, such that under the Philippine
Development Plan 2017-2022 (PDP 2017-2022),5 the country’s performance
in the science, technology, and innovation (STI) sector remained dismal.
Against this backdrop, competition law and policy was sought to be
implemented with the enactment of Republic Act No. 10667, or the
Philippine Competition Act (PCA),6 in 2015. This is of particular interest,
because at the center of compe ...
Hong Kong announced HKD 168 billion budget surplus from which 40% will be generated to the development and support towards technology and innovation focused businesses.
Focus has been set on four areas: biotechnology, artificial intelligence (AI), smart city and financial technologies.
1) The document discusses the shift from traditional science diplomacy to innovation diplomacy, as globalization has increased scientific and innovation collaboration internationally.
2) Innovation diplomacy involves assessing risks and opportunities across the entire innovation value chain when collaborating between countries. It also faces challenges of differing intellectual property regimes and incentives between public and private actors.
3) Countries are employing new approaches to innovation diplomacy, including funding collaborative R&D partnerships, policy dialogues, international institutional networks, and addressing global challenges through coalitions. However, formal innovation diplomacy strategies remain rare.
IPR Policy will promote a holistic and conducive ecosystem to catalyse the full potential of intellectual property for India's economic growth and socio-cultural development, while protecting public interest.
NATIONAL INTELLECTUAL PROPERTY POLICY- INDIA - 12.05.2016Innomantra
National IPR Policy 12.05.2016 : Courtesy : Ministry of Commerce & Industry, Department of Industrial Policy and Promotion, Government of India.
This has been shared to spread the awareness.
Ref:http://dipp.nic.in/English/Schemes/Intellectual_Property_Rights/National_IPR_Policy_12.05.2016.pdf
IPR for finance, subsidy & project related support contact - 9861458008Radha Krishna Sahoo
This document provides guidelines for implementing a scheme to build awareness of intellectual property rights (IPR) among micro, small, and medium enterprises (MSMEs) in India. The objective is to enhance MSME awareness of IPR in order to protect their ideas and business strategies. The main activities proposed include awareness programs, pilot studies, seminars/workshops, training, assistance for patent/geographical indication registration, setting up IPR facilitation centers, and interacting with international agencies. A steering committee will monitor the scheme and a project implementation committee will review proposals and recommend approvals. Funding limits for each activity are provided along with definitions of eligible participants and applicants.
Ireland's National IP Protocol 2019 - An Overview by Alison Campbell, Directo...Elizabeth Carvill
The National IP Protocol 2019 is Ireland's framework for research commercialization. It provides guidance on collaborative research, contracting, licensing, spin-out company formation, and IP management. The 2019 update includes a new chapter on spin-out formation, expanded information on state aid rules, and additional requirements for research organization IP policies. The protocol aims to encourage industry benefits from public research and support the commercialization of Irish research.
Announcement of interim report by the Information Economy Committee of the Industrial Structure Council
The Information Economy Committee of the Industrial Structure Council (chaired by Mr. Jun Murai, Professor, Fuculty of Environment and Information Studies, Keio University) compiled and released action plans on six priority areas and five cross-sectional policy challenges aiming at the creation of new industries linked to information technologies.
http://www.meti.go.jp/english/press/2011/0811_01.html
Commercialization of inventions is a strategic instrument for IP asset management. To make use of its knowledge and innovation, companies are now starting to think of using this asset as the basis of their business strategy. This concept is even more important for small and medium-sized enterprise for which the capital or physical assets are scarce and difficult to obtain. Unlike other assets, the value of IP assets will be substantially increased through proper use and legal protection. In this regard, many young emerging economies have counted on the importance of intellectual property rights protection as a key instrument for economic development and endeavor to use this instrument in the economic, social, scientific and technological strategic development of each country
This document summarizes an introductory seminar on intellectual property held in Muscat, Oman in April 2004. It discusses how the formation of the World Trade Organization and agreements like TRIPS have standardized intellectual property rights and required countries to amend their laws accordingly. It outlines the various tools available for intellectual property protection, including patents, trademarks, copyrights, industrial designs, trade secrets, and geographical indications. It emphasizes that intellectual property rights are important for businesses of all sizes to protect their innovations, brand, and competitive advantages in the global marketplace.
This document discusses intellectual property rights (IPR) including definitions, types of IPR such as patents, copyrights, trademarks, and geographical indications. It provides details on the scope, objectives, and sources of patent information. It discusses the patent application and processing system. It summarizes the key features and objectives of India's National IPR Policy of 2016. Finally, it briefly discusses the Trade-Related Aspects of Intellectual Property Rights (TRIPS) agreement and international and regional IPR agreements.
Trademarks and Their Importance to Digital Economies of Developing CountriesLawPlus Ltd.
“In the age of the knowledge economy, the efficient and creative use of knowledge is a key determinant of international competitiveness, wealth creation and improved social welfare.”
“An effective intellectual property (IP) system embedded within a national strategy which anchors IP considerations firmly within the policy-making process will help a nation to promote and protect its intellectual assets, thereby driving economic growth and wealth creation.”
Kamil Idris
Former WIPO Director General
This document is a report on international business written by Ranbir Kumar Singh for his PGDM program at the International School of Management in Patna, India. It begins with an acknowledgements section thanking faculty members. The content section outlines nine chapters covering topics in international business including the cultural, economic, political, and legal environments. Chapter 1 defines international business and compares it to domestic business. It also discusses the reasons for studying international business and the major driving and restricting forces. Subsequent chapters cover specific aspects of the cultural environment and its components.
FinCorp Investment Holding SAE is an Egyptian investment banking firm established in 1998 providing financial advisory services. The document outlines FinCorp's experience providing advisory services for major infrastructure and real estate projects across Africa and the Middle East, including airports, cities, and real estate developments. It also summarizes FinCorp's expertise in sectors such as energy, manufacturing, banking, and healthcare. Key members and clients are listed, demonstrating FinCorp's regional reputation and track record in mergers and acquisitions, private placements, and project finance.
An insightful new patent development and monetization methodology for creating new business in the emerging IoT market.
1. New Patent Development Opportunity Analysis
2. New Patent Preparation & Prosecution Strategy
3. Strategic Patent Development Exploiting Existing Patents
4. Monetization Exploiting Strategically Packaged Patent Portfolio
5. Development of Strategically Packaged Patent Portfolio Best Practice
6. Methodology for Developing Strategically Packaged Patent Portfolio
Iraq's Special Economic Zones: A Brief IntroductionOECDglobal
Presented 17 February 2015 - Paris, France
The Seventh Meeting of the Working Group on Investment Zones in Iraq
Session 2: SEZs in Iraq
Maximilien PIEROTTI, International Programme Co-ordinator, UNIDO and Thomas FLYNN, Policy Analyst, Global Relations Secretariat, OECD
Iraq’s Special Economic Zones: Brief IntroductionOECDglobal
Iraq’s Special Economic Zones: Brief Introduction, 7th Working Group Meeting on Investment Zones in Iraq, Maximilien Pierotti, International Programme Co-ordinator, UNIDO
Thomas Flynn, Policy Analyst, MENA Division, GRS
Paris, France
17 February 2015
GBS CH 8 FDI RELATED ENTRY MODE STRATEGY Shadina Shah
Foreign direct investment (FDI) can occur through mergers and acquisitions or various types of joint ventures and strategic alliances. When embarking on FDI, companies should analyze the level of competitiveness in the target market, conduct thorough market research, consider market expectations, and evaluate their own internal resources. Common forms of FDI include joint ventures, licensing agreements, cross-border mergers and acquisitions, and strategic partnerships.
India recently updated its intellectual property policy to align with global standards and encourage innovation. The new policy aims to speed up online registration of patents and trademarks. It makes the Department of Industrial Promotion and Policy the main regulator of IP rights. Since 2014, global pharmaceutical companies have influenced changes to India's IP rules. However, past policies did not fully benefit innovation. The new policy reforms this and protects owners' rights while benefiting the public. It also creates an innovation culture by educating people about IP.
Intellectual Property Rights and Competition Law A Cont.docxvrickens
Intellectual Property Rights and Competition
Law: A Context for Coordination and
Harmonization
Gwen Grecia-De Vera*
I. INTRODUCTION ........................................................................ 1111
II. OVERVIEW OF THE PHILIPPINE COMPETITION ACT .................. 1113
III. THE INTELLECTUAL PROPERTY CODE ..................................... 1120
IV. INTELLECTUAL PROPERTY AND COMPETITION ........................ 1132
V. COORDINATION AND HARMONIZATION ................................. 1153
I. INTRODUCTION
The Intellectual Property Code of the Philippines1 (IP Code) was enacted in
light of the State policy to protect and secure, for a specific statutory
duration, the exclusive rights of scientists, artists, and other gifted citizens of
their intellectual and industrial property under the 1987 Constitution.2 Since
its effectivity in 1998,3 the IP Code has provided the legislative and
* ’95 LL.B, University of the Philippines College of Law. The Author served as
the Philippine Competition Commission’s first Executive Director. She was the
former Dean of the Manuel Luiz Quezon University School of Law. She is currently
a Senior Lecturer at the University of the Philippines College of Law.
Cite as 62 ATENEO L.J. 1111 (2018).
1. An Act Prescribing the Intellectual Property Code and Establishing the
Intellectual Property Office, Providing for Powers and Functions, and for Other
Purposes [INTELL. PROP. CODE], Republic Act No. 8293 (1998).
2. PHIL. CONST. art. XIV, § 13.
3. The Intellectual Property Code (IP Code) took effect on 1 January 1998 and, by
its express provision, repealed the following laws: the Trademark Law, the
Patent Law, Articles 188 and 189 of the Revised Penal Code, the Decree on
Intellectual Property, and the Decree on Compulsory Reprinting of Foreign
Textbooks. The IP Code was enacted to strengthen the intellectual and
industrial property system in the Philippines as mandated by the country’s
accession to the Agreement Establishing the World Trade Organization. See
INTELL. PROP. CODE, §§ 2 & 240 (as amended).
1112 ATENEO LAW JOURNAL [vol. 62:1111
institutional framework for the protection and enforcement of intellectual
property rights (IPR) across patents, trademarks, copyright, geographic
indications, and trade secrets.4 It reflects the core inducement for innovation
and artistic creation in the grant of exclusive rights to use and exploit an
invention or artistic work. However, the welfare effects of the IPR
protection under the IP Code remain unclear, such that under the Philippine
Development Plan 2017-2022 (PDP 2017-2022),5 the country’s performance
in the science, technology, and innovation (STI) sector remained dismal.
Against this backdrop, competition law and policy was sought to be
implemented with the enactment of Republic Act No. 10667, or the
Philippine Competition Act (PCA),6 in 2015. This is of particular interest,
because at the center of compe ...
Hong Kong announced HKD 168 billion budget surplus from which 40% will be generated to the development and support towards technology and innovation focused businesses.
Focus has been set on four areas: biotechnology, artificial intelligence (AI), smart city and financial technologies.
1) The document discusses the shift from traditional science diplomacy to innovation diplomacy, as globalization has increased scientific and innovation collaboration internationally.
2) Innovation diplomacy involves assessing risks and opportunities across the entire innovation value chain when collaborating between countries. It also faces challenges of differing intellectual property regimes and incentives between public and private actors.
3) Countries are employing new approaches to innovation diplomacy, including funding collaborative R&D partnerships, policy dialogues, international institutional networks, and addressing global challenges through coalitions. However, formal innovation diplomacy strategies remain rare.
Our HK Foundation's report -- based on a draft provided by the Victor and William Fung Foundation through the work of Fung Business Intelligence Centre
This report presents the Human Freedom Index (HFI), a new measure of human freedom covering 152 countries. The HFI uses 76 indicators to measure personal, civil, and economic freedoms in areas such as rule of law, movement, religion, and size of government. Hong Kong, Switzerland, and Finland rank as the top three most free countries. The Middle East, Sub-Saharan Africa, and South Asia have the lowest freedom, while women's freedoms are least protected in those regions. Countries with higher freedom have significantly higher incomes. The HFI finds a strong correlation between freedom and democracy, though Hong Kong is an outlier with high freedom but not democracy.
This document discusses alternatives to the current democratic system in Hong Kong that could improve governance. It proposes establishing government-sponsored Future Centres, modeled after similar organizations in Europe. These centres would engage stakeholders in policymaking through research and civic participation. They aim to address issues like policy failures, lack of consensus building, and the government's limited capacity to solve complex problems. The document argues Future Centres could help re-establish public trust in government and alleviate irrational discussions in politics.
This document summarizes a report on crowdsourcing for democracy. It begins with an introduction stating that the report examines cases where crowdsourcing has been used in policymaking processes. It then provides definitions of crowdsourcing, explaining that it involves open online participation in tasks by an undefined group. The remainder of the report provides examples of crowdsourcing applications and analyzes its role and potential in democratic processes.
This document summarizes a report on the future of manufacturing. It finds that manufacturing relies on three pillars: factors of production, standards, and costs. Emerging technologies are transforming manufacturing through new waves of innovation. While offshoring and outsourcing have reshaped manufacturing, new trends toward nearshoring and reshoring are emerging as capabilities develop and input costs change. The report examines these trends and challenges in shifting the global economy.
This document discusses how population aging and increased longevity can create new markets and drive economic growth in the 21st century. It notes that major global companies have recognized aging as a strategic driver of commercial goals and a way to attract talent. While talk of "crisis" is common, many see aging as a powerful market opportunity if the right strategic framework is put in place. Both private sector innovation and supportive public policies will be needed to fully capture the opportunities of aging populations and create environments where people can enjoy long and active lives.
The document outlines 10 innovative urban solutions from around the world that address challenges facing cities. These solutions focus on principles like unleashing spare capacity, cutting demand peaks, small-scale infrastructure, and being people-centered. The innovations highlighted include (1) digitally re-programmable spaces that better utilize existing urban infrastructure; (2) an "Internet of Pipes" using sensors to monitor water networks and identify issues; and (3) using social networks for citizens to "adopt" and care for urban trees.
This document summarizes the history of trade policies used by developed countries during their early stages of development. It argues that contrary to popular belief, virtually no developed countries practiced free trade when they were developing. Instead, they actively promoted their industries through measures like tariffs, subsidies, and import restrictions. Specifically, it discusses how Britain promoted the wool industry in the 15th century and implemented policies like import tariffs and export subsidies in the 18th century to develop manufacturing. The document aims to debunk the myth that free trade led to development and argues historical evidence shows interventionist policies were more common.
The document summarizes five future centers located in the Netherlands that aim to promote innovation in the public sector. It describes each center's focus and goals. The Country House is a joint initiative between four Dutch ministries focused on tackling multi-sector issues. Mobilion serves as a prototype future center for the Department of Public Works & Water Management to address challenges in transportation and water infrastructure. The centers provide workspaces and facilities to encourage collaboration between civil servants and stakeholders on issues facing the government.
Europe has experienced two fractures in its industrial landscape over the past decades. First, emerging economies like China and Brazil have greatly increased their manufacturing output and share of global production. Second, some traditional European industrial powers like France and the UK have seen declines in industrial employment and value added, while Germany and Eastern European countries have retained stronger industrial sectors. For Europe to maintain 15-20% of value from industry, it will need to invest heavily to transition to new digital technologies and production methods known as Industry 4.0.
This document provides recommendations for implementing Industrie 4.0, a strategic initiative to secure the future of German manufacturing. It outlines a vision of smart, networked manufacturing where cyber-physical systems monitor physical processes, create a virtual copy of the physical world, and make decentralized decisions. The dual strategy proposed is for Germany to become both a leading supplier of Industry 4.0 solutions and a leading adopter in its own manufacturing markets. Key priority areas for action include standardization, managing complex systems, security, workforce training, and increasing resource efficiency through smart networking of machines. The report compares Germany's position internationally and provides examples of potential Industry 4.0 applications.
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1. For discussion on
20 May 2014
Legislative Council Panel on Commerce and Industry
Promotion of Intellectual Property Trading in
Hong Kong
Purpose
This paper reports the progress of the Working Group on
Intellectual Property (IP) Trading (the Working Group) since May last year.
Background
2. At the Panel meeting on 21 May 2013, Members were briefed on
the development of IP trading in Hong Kong and the formation of the
Working Group in March 2013 as a dedicated Government initiative on this
front.
3. In 2013, the Working Group focused on devising a strategic
framework (the Framework) for driving the development of Hong Kong as an
IP trading hub. Various briefing sessions were held to gauge the views of
relevant stakeholders, including a general one hosted by the Secretary for
Commerce and Economic Development1
, and specific briefings to the Trade
and Industry Advisory Board (TIAB) 2
and the Small and Medium
Enterprises Committee (SMEC)3
. Stakeholders were supportive of the
Framework we proposed. Taking into account comments received, the
Working Group refined and promulgated the Framework in November 2013
as a basis for exploring specific policies and support measures to forge ahead
the promotion of the Hong Kong as an IP trading hub (schematic summary at
Annex A). Details of the Framework are set out in paragraphs 5 to 31
below.
1
Over 80 representatives from 53 organisations including IP owners/creators; intermediaries and users;
relevant professional bodies; trade and industrial organisations (including small and medium-sized
enterprises); local and overseas chambers of commerce and government departments attended the
briefing session.
2
TIAB is to advise the Secretary for Commerce and Economic Development on matters affecting Hong
Kong’s trade and industry, other than trade in textiles and garments.
3
SMEC is to advise the Chief Executive on issues affecting the small and medium enterprises in Hong
Kong and to suggest measure to support and facilitate their development and growth.
A
LC Paper No. CB(1)1420/13-14(04)
2. - 2 -
4. Recognising the importance of providing highly specialised IP
trading intermediary services in Hong Kong, two sub-groups were formed
under the Working Group in the latter half of 2013 to start early dedicated
discussion on the specialised subjects of IP valuation, and IP arbitration and
mediation respectively4
, which were two important subjects under Strategic
Area (III) of the Framework as regards fostering IP intermediary services.
The two sub-groups engaged stakeholders by way of roundtable meetings to
explore specific issues relevant to their respective fields of study. Details
are set out in paragraphs 20 to 23 below.
Strategic Framework
Vision
5. The vision of the Framework is to “Position and promote Hong
Kong as the premier IP trading hub in Asia”. This sets out the long term
view of what we want to become, both to inspire actions within Government
and to communicate with stakeholders outside.
Mission
6. The Framework sets out the following three missions as
high-level representations of what we want and do now to achieve the vision:
(i) leverage and further Hong Kong’s advantages in financial, legal
and physical infrastructure, IP regime, professional services and
specific role as “gateway to China”, in attracting international
IP trading and management activities to take place in Hong
Kong;
(ii) build up the necessary clusters conducive to the overall
development of Hong Kong as a knowledge-based economy that
spearheads exploitation and commercialisation of IP and
supports enterprises to make the most of IP as a core business
asset that should be built, managed, valued and leveraged
strategically to drive innovation and growth; and
(iii) explore means to promote Hong Kong’s creative industries,
4
Two Working Group Members, namely Mr Nicholas Brooke and Mr KWONG Chi-keung, serve as the
respective convenors of the sub-group on IP valuation, and sub-group on IP arbitration and mediation.
3. - 3 -
innovative technologies and IP economies through IP creation,
protection, exploitation, management and trading.
Strategic areas and focus strategies
7. The Framework covers the following four strategic areas,
underpinning the three missions set out above, that would be instrumental to
the successful development of Hong Kong as an IP trading nexus in the
region:
(I) Enhancing the IP protection regime
(II) Supporting IP creation and exploitation
(III) Fostering IP intermediary services and manpower capacity
(IV) Pursuing promotion, education and external collaboration
efforts
Focus strategies are devised under each strategic area to set out the key
directions for drawing up support measures in different aspects for future
implementation purposes.
(I) Enhancing the IP protection regime
8. A robust IP protection regime can encourage innovation,
technological development and creativity. Patents, copyright, registered
designs and trademarks, among others, are important components of IP rights.
There is a specific protection regime for each as set out in the relevant
legislation. An IP protection regime which is of high standard, user-friendly
and conforms to international norms would help attract users both locally and
internationally, as well as facilitating creation, protection, exploitation and
transaction of IP rights. The decision to introduce in due course an “original
grant” patent (OGP) system after the review of the Hong Kong’s patent
system is a vivid example of our ongoing efforts to seek the continuous
upgrading of our IP protection regime. It is important to follow through the
implementation and remain vigilant of possible improvements in other areas.
9. In the above light, the Framework sets out the following focus
strategies under Strategic Area (I) -
(1) Develop an OGP system in Hong Kong in parallel with the
existing re-registration system, and encourage quality filings
from local, Mainland and overseas.
(2) Keep the other components of our IP regime (copyright,
4. - 4 -
registered design, trademarks, etc) under constant review to
ensure that the system follows international norms, on par with
IP regimes of advanced economies, and conducive to IP trading.
10. Action is underway for the Government to pursue suitable
measures pertaining to Focus Strategies (1) and (2). Notably -
we are working to build and implement an OGP system which is
up to international standards and user-friendly. Subject to the
progress of implementation work and legislation in the future,
we aim at launching the OGP system in 2016/17 at the earliest.
The Intellectual Property Department is forging ahead, including
reaching a cooperation arrangement with the State Intellectual
Property Office in December 2013 to secure its support in
providing technical assistance in carrying out substantive
examination for our future OGP system and manpower training
and development assistance in building up our indigenous
examination capability; and
we are reviewing our copyright regime and proposing directions
for taking care of parody as appropriate under our regime having
regard to present circumstances to strike a balance between
copyright protection and freedom of expression. Taking into
account the outcome of the recent public consultation, we are
formulating appropriate legislative proposals with a view to
concluding our efforts since 2006 to update our copyright regime
in the digital environment.
(II) Supporting IP creation and exploitation
11. In a knowledge based economy, IP, although intangible, has
become an essential form of capital for companies. Support to the industrial
and research and development (R&D) sectors, creative industries and IP users
can encourage the creation and exploitation of IP and stimulate the
development of IP trading. In turn, enhanced trading of IP may lead to more
creation and exploitation of IP through, for example, acquisition of
background or upstream IP from untapped stock outside for local downstream
R&D and product development.
12. In Hong Kong, our industrial sector has long been evolving to
meet the challenges and take on new opportunities. Many have moved their
production base to the Mainland to take advantage of the lower costs across
5. - 5 -
the boundary. The strategic needs for upgrading to add value through IP
activities are increasing with keener and keener global competition. A cut
above the average players, there are notable enterprises that invest more and
more in R&D and acquisition of IP and technologies for commercialisation.
New opportunities abound following the Mainland’s rise in industrial
production and local R&D efforts. With our experience and connections
with both Mainland and overseas markets gained over the years, Hong Kong
is well posed to be an IP middleman in facilitating the importation of
overseas IP (especially those remaining dormant) to the Mainland through
modification or customisation to suit special needs of the Mainland buyers, as
well as assisting in the exploitation of Mainland IPs to suit overseas markets.
More sophisticated enterprises with solid R&D and IP exploitation
experience can play an important role. Government’s continuous support
for this sector remains important as ever.
13. In recent years, our creative industries are expanding as a new
forerunner in driving economic growth, with dedicated Government support.
Licensing and franchising arrangements are important vehicles to facilitate
the exploitation of copyright and trademarks as IP inputs/outputs in the
process.
14. In the above light, the Framework sets out the following focus
strategies under Strategic Area (II) -
(3) Support industries in meeting strategic needs through creation,
acquisition and management of IP.
(4) Support R&D, technology transfer, and acquisition and
commercialisation of IP.
(5) Support creative industries in engaging in licensing and
franchising arrangements.
15. Regarding Focus Strategy (4), Government support efforts may
facilitate acquisition of upstream technologies for product development and
help reap the rewards of R&D investments through IP trading activities in
various forms, bringing out the financial and strategic value of IP. Arising
from an on-going review of the Innovation and Technology Fund (ITF), the
Government is pursuing new improvement measures to promote private
sector R&D and commercialisation of R&D outcomes and the application of
R&D outcomes in the public sector (details at AnnexB):
setting up an Enterprise Support Scheme to replace the Small
B
6. - 6 -
Enterpreneur Research Assistance Programme under the ITF;
extending the funding scope of the ITF to downstream R&D and
commercialisation activities;
providing funding support to encourage technopreneurial
activities;
waiving the industry sponsorship requirement for the Innovation
and Support Technology Programme platform projects
applications; and
raising the funding ceiling for the Public Sector Trial Scheme
from 30% to 50% of the actual cost of the original R&D project
supported by the ITF.
16. In addition to the above, the Working Group would continue to
explore specific measures under various focus strategies in this strategic area.
One issue we would examine is how tax incentive may help encourage the
wider use of IP. To this end, the Inland Revenue (Amendment) (No. 2)
Ordinance 2011 was passed to extend the scope of specified IPRs for profit
tax deduction to cover capital expenditure for purchase of three types of IP
rights, namely registered trademarks, copyrights and registered designs. We
are looking into the case of furthering extending the scope to cover more
types of IP rights.
(III) Fostering IP intermediary services and manpower capacity
17. Unlike the trading of normal commodities, IP trading requires
highly specialised services to be provided by IP related intermediaries.
Some of these may be under-developed in Hong Kong and even worldwide
but remain critical in IP transactions. For example, the value of IP can differ
depending on the objective circumstances and subjective perspective. The
provision of various IP intermediary services may impact on the valuation of
IP rights, use of IP as an asset class for financing, IP trading decision making,
etc. The availability of such highly specialised services would encourage IP
trading through lowering transaction costs and the risks involved, maximising
the benefits and potentials of IP transactions and providing a clustering effect
for the development of an IP trading hub.
18. Given the diverse and professional expertise involved, attracting
talents and training people for IP intermediary services to create the desired
7. - 7 -
clusters is also an important part to promote IP trading. In many advanced
economies, jobs in IP activities have become specialised subject to different
professional disciplines. There may be a case for the Government to
support similar developments in Hong Kong.
19. In the light of the above, the Framework sets out the following
focus strategies under Strategic Area (III) -
(6) Facilitate the provision of highly specialised professional
services in IP trading, e.g. –
a) IP valuation
b) IP financing
c) IP insurance
d) IP arbitration and mediation
e) IP due diligence; and
f) IP matching services (e.g. IP trading platforms)
(7) Attract and nurture talents in IP activities, and support the
building of strong IP related professions.
20. As mentioned in paragraph 4, two sub-groups were set up to
study the more specialised subjects of IP valuation, and IP arbitration and
mediation respectively, as part of our efforts to support the work on Focus
Strategy (6). On IP valuation, the concerned sub-group supports a proposal
of developing IP valuation reporting standards for Hong Kong, and will look
into the possible way to take the issue forward in the Hong Kong context.
Given that IP valuation is closely intertwined with other IP intermediary
services, the sub-group was also tasked to look into the issues of IP due
diligence, IP financing and IP insurance.
21. Preliminary study revealed the value and importance of IP due
diligence in the context of commercialisation and trading of IP, as it provides
a vehicle to facilitate other IP intermediary services such as IP valuation and
financing. To this end, the sub-group is exploring further into the subject
matter, such as the possibility of compiling a general checklist for IP due
diligence to facilitate businesses, particularly small and medium-sized
businesses, in understanding the process and the benefits that it would bring
about prior to seeking IP finances and engaging in IP trading activities.
22. Regarding IP arbitration and mediation, they are specific
subjects in the provision of arbitration and mediation services, which in turn
8. - 8 -
are integral parts of the promotion of Hong Kong as an international legal and
dispute resolution services centre in the Asia Pacific region. We are
working with the Department of Justice (DoJ), champion of this wider
initiative, to ensure that IP will be given a proper focus in its endeavours to
promote arbitration and mediation. For example, DoJ invited a member of
the Working Group (convenor of the concerned sub-group) to give a
dedicated presentation on the advantages of using mediation to resolve IP
disputes at one of the breakout sessions of the Mediation Conference
organised by DoJ in March 2014. In an upcoming study on the development
of arbitration in Hong Kong and the challenges and opportunities that Hong
Kong faces as a regional centre for international arbitration in the Asia Pacific
region, the IP arbitration perspective will be covered. Outside Government,
we are working with the Hong Kong International Arbitration Centre, a major
industry player in the field of arbitration and mediation, to promote IP as a
subject matter of its services.
23. The concerned sub-group would continue to engage stakeholders
to explore necessary measures specifically on IP arbitration and mediation.
Pertinent issues identified include the arbitrability of IP disputes and
enforceability of IP arbitral awards, the need for a dedicated set of arbitration
rules for IP disputes, the drawing up of stand-alone lists or panels of IP
arbitrators and mediators, promotion and publicity of Hong Kong as an IP
arbitration and mediation centre in the region, etc.
24. On IP matching services, the Hong Kong Trade Development
Council (HKTDC) launched the Asia IP Exchange, an online IP trading portal
cum resource centre in December 2013. In addition to listing the four major
types of IP, namely patent, trademark, copyright and registered design for
trading, users can also obtain details of the owner/creator of a specific IP, as
well as intermediary service providers from the online portal. As at April
2014, the Asia IP Exchange showcased over 25 000 IP listings, and formed
strategic alliances with 23 partners from overseas, the Mainland and Hong
Kong to facilitate international IP trading and connection to global IP players.
HKTDC will continue its endeavours in looking for opportunities to expand
partnership to other organisations, and enhance the portal’s coverage,
capabilities and transaction volume.
25. Regarding Focus Strategy (7), following the recommendations
of the Advisory Committee on Review of the Patent System in Hong Kong,
the Government intends to introduce a regulatory regime in the long run for
patent agency services as a complementary component of the future OGP
system. Taking into account the outcome of a stakeholders’ consultation last
year, we are working with the Advisory Committee to look into the pertinent
9. - 9 -
issues identified and the possible way forward. We are also working to
conduct a survey on IP activities and trading in Hong Kong this year for
providing statistical and other relevant data to support the work of the
Working Group in forging ahead the development of Hong Kong as an IP
trading hub.
(IV) Pursuing promotion, education and external collaboration efforts
26. Branding Hong Kong as a regional IP trading hub is important to
educate and focus market players both internally and externally on the
benefits and opportunities offered by Hong Kong in this area, as well as to
attract overseas/Mainland IP creators and users, and IP intermediaries to use
Hong Kong as a marketplace. Hong Kong has long been involved in IP
trading activities. However, it would be more efficient and effective to
promote it as an IP trading hub through concerted efforts in branding and
marketing.
27. Locally, promotion and public education can enhance the
awareness of society on the benefits and opportunities brought by IP, and
encourage companies, professionals, the younger generation, etc. to be fully
equipped to grasp the new opportunities offered. It would never be too early
or too remote to start and nurture a culture that appreciate, respect and exploit
knowledge as a key driving force in furthering the development of Hong
Kong as an externally–oriented economy thriving on trade.
28. The trading of IP rights across national borders and with the
Mainland through Hong Kong cannot be dissociated from the IP regimes and
policies of the different economies involved and the rules of the game of the
international community. It is important to seek collaboration and
partnership with the relevant authorities to encourage transactions, overcome
hurdles and enhance the rules.
29. In the above light, the Framework sets out the following focus
strategies under Strategic Area (IV) -
(8) Brand and market Hong Kong as a premier IP trading hub to
attract overseas/Mainland IP owners and users, as well as
intermediaries.
(9) Foster an IP awareness culture in society especially among
SMEs and the younger generation, and promote the importance
and opportunities brought by IP management and trading.
10. - 10 -
(10) Collaborate with Mainland, overseas and international IP
authorities in fostering the development of IP trading
internationally and in the region.
30. In an effort to support the work under Focus Strategy (8), the
Government has, for the first time, co-organised the Business of Intellectual
Property Asia Forum (BIP Asia) with HKTDC and the Hong Kong Design
Centre which was held on 5 and 6 December 2013. This 2-day event sought
to bring together IP professionals, business leaders and government officials
to explore the huge opportunities brought about by the exploitation and
trading of IP rights. Launched in 2011, BIP Asia has now become an annual
IP flagship event in the region. In the 2013 edition, over 1 700 participants
from 24 countries and jurisdictions attended the Forum, which was more than
twice the number of attendants of the inaugural Forum in 2011. This joint
venture underlined the Government’s commitment to a leadership position in
making the most of a still nascent knowledge market. To sustain the
momentum, and to take BIP Asia to a higher level, the Government will join
hands with the aforesaid parties again to co-organise the 2014 edition which
is scheduled for December.
31. Meanwhile, the Working Group will continue its efforts pursuant
to Focus Strategies (9) and (10).
Next Step
32. In 2014 the Working Group continues to explore specific
policies and support measures for various focus strategies in the four strategic
areas that underpin the Framework, with a view to making specific
recommendations.
Advice Sought
33. Members are invited to note the above developments and give
views.
Commerce and Economic Development Bureau
Commerce, Industry and Tourism Branch
May 2014
11. Annex A
Strategic Framework
Vision
Position and promote Hong Kong as the premier IP trading hub in Asia.
Mission
Leverage and further Hong Kong’s advantages in
financial, legal and physical infrastructure, IP regime,
professional services and specific role as “gateway to
China”, in attracting international IP trading and
management activities to take place in Hong Kong
Build up the necessary clusters conducive to the overall
development of Hong Kong as a knowledge-based
economy that spearheads exploitation and
commercialisation of IP and supports enterprises to make
the most of IP as a core business asset that should be
built, managed, valued and leveraged strategically to
drive innovation and growth
Explore means to promote Hong Kong’s
creative industries, innovative technologies and
IP economies through IP creation, protection,
exploitation, management and trading
Strategic Areas
I. Enhancing the IP protection
regime
II. Supporting IP creation and exploitation III. Fostering IP intermediary
services and manpower capacity
IV. Pursuing promotion, education and external
collaboration efforts
Focus Strategies
1. Develop an
original grant
patent (OGP)
system in
Hong Kong in
parallel with
the existing
re-registration
system, and
encourage
quality
filings from
local,
Mainland and
overseas
2. Keep the
other
components of
our IP regime
(copyright,
registered
design,
trademarks,
etc) under
constant
review to
ensure that the
system
follows
international
norms, on par
with IP
regimes of
advanced
economies,
and conducive
to IP trading
3. Support
industries in
meeting
strategic
needs
through
creation,
exploitation,
acquisition
and
management
of IP
4. Support
R&D,
technology
transfer, and
acquisition
and
commercial-
isation of IP
5. Support
creative
industries in
engaging in
licensing and
franchising
arrangements
6. Facilitate the
provision of
highly
specialised
professional
services in IP
trading, e.g. –
a. IP valuation
b. IP financing
c. IP insurance
d. IP arbitration
and
mediation
e. IP due
diligence
f. IP matching
services (e.g.
IP trading
platforms)
7. Attract and
nurture talents
in IP activities,
and support
the building of
strong IP
related
professions
8. Brand and
market Hong
Kong as a
premier IP
trading hub to
attract
overseas/
Mainland
IP owners and
users, as well
as inter-
mediaries
9. Foster an IP
awareness
culture in
society
especially
among small
and
medium-sized
enterprises
(SMEs) and
the younger
generation,
and promote
the
importance
and
opportunities
brought by IP
manage-
ment and
trading
10.
Collaborate
with
Mainland,
overseas and
international
IP
authorities
in fostering
the
development
of IP trading
inter-
nationally
and in the
region
12. Annex B
Improvement measures to promote
research and development (R&D),
commercialisation of R&D outcomes, and
application of R&D outcomes in the public sector
The Government will introduce the following improvement
measures to promote R&D, commercialisation of R&D outcomes and
application of R&D outcomes in the public sector, including –
(a) setting up an Enterprise Support Scheme (ESS) to replace the
Small Entrepreneur Research Assistance Programme (SERAP)
under the Innovation and Technology Fund (ITF);
(b) extending the funding scope of the ITF to downstream R&D
and commercialisation activities;
(c) providing funding support to encourage technopreneurial
activities; and
(d) relaxing the ITF rules to further promote the application of
R&D outcomes in the public sector.
ESS
2. We will introduce a new ESS to replace SERAP to address the
latter’s limitations, with details as follows –
(a) Size of company – companies registered in Hong Kong
regardless of size will be eligible to apply, in contrast to
SERAP which is restricted to small and medium enterprises;
(b) Amount – funding up to $10 million (increased from $6 million
under SERAP) for each approved project will be provided on a
generally matching basis;
13. (c) Fund recoupment requirement – in contrast with SERAP, we
propose that there will be no requirement for fund recoupment
of the approved funds; and
(d) Intellectual property (IP) arrangements and benefit sharing
angle – the applicant company will own the IP of the project,
and there will be flexible arrangement on benefit sharing as
agreed among parties concerned.
Extending the ITF Funding Scope
3. In order to render stronger support to downstream R&D and
commercialisation activities, allowing full exploitation of the
technological edge of local industries, we will expand the existing
funding scope of ITF to cover more downstream activities, including –
(a) development engineering/system integration;
(b) large scale process optimisation;
(c) compliance testing and clinical trials;
(d) licensing of third-party IP; and
(e) industrial design.
Supporting Technopreneurial Activities
4. To encourage students and professors from the designated
universities to start technology businesses and commercialise their R&D
results, we will provide an annual funding of up to $24 million, through
ITF, to the six designated universities1
, initially for three years from
2014-15. Details are as follows –
1
The six local universities designated as local public research institutions are the University of
Hong Kong, the Chinese University of Hong Kong, the Hong Kong University of Science and
Technology, the Hong Kong Polytechnic University, the City University of Hong Kong and the
Baptist University.
14. (a) Amount and duration – an annual funding of up to $4 million
will be provided to each of the six designated universities to
support the setting up of technology start-ups by its teams
(which can comprise students, professors, alumni, etc.).
(b) Eligibility – technology start-ups formed by teams of the
universities, as recommended by the respective universities,
will be eligible to apply.
(c) Scope – the funds can be used for achieving the purposes set
out above, including essential items for setting up and operating
the start-ups (e.g. furniture and equipment, legal and
accounting services, etc.) project expenditure (e.g. manpower,
equipment, other direct costs, etc.) and promotion of the
start-ups and marketing of their project deliverables.
Other measures to intensify efforts to promote the application of
R&D outcomes in the public sector
5. To further promote the adoption of R&D outcomes in the
public sector, the Innovation and Technology Commission has launched
two improvement measures in April 2014 with details as follows –
Waiving the industry sponsorship requirement for projects initiated by
Government bureau/departments and statutory bodies
6. Platform projects submitted under the ITF’s Innovation and
Technology Support Programme (ITSP)2
would require at least 10% of
industry sponsorship from at least two private companies (although CIT
might waive the industry sponsorship requirement in exceptional
circumstances).
2
There are broadly two types of R&D projects under ITSP –
(i) platform projects which require industry contribution of at least 10% of the project cost. The
industry sponsors (minimum of two) will not own the project IP; and
(ii) collaborative projects which require industry contribution of at least 30% (for R&D Centre
projects only) or 50% (for non-R&D Centre projects) of the project cost. The industry
sponsor(s) will be entitled to utilise the project IP exclusively for a defined period or own the
project IP.
15. 7. To encourage more projects in the public sector in future, the
industry sponsorship requirement for ITSP platform projects applications
would be waived where there are –
(a) clear support from Government bureaux/departments and/or
statutory bodies;
(b) clear community interests; and
(c) difficulties in seeking industry sponsorship in the prevailing
circumstances.
Raising the Funding Ceiling for PSTS Projects from 30% to 50%
8. The amount of funding support under the PSTS was used to be
capped at 30% of the actual cost of the original R&D project supported
by the ITF (although CIT could give exceptional approval to raise the
funding cap for worthwhile projects on a case-by-case basis). This 30%
funding limit has in certain cases limited the full exploitation of the
technologies.
9. To improve the situation, the funding ceiling of PSTS projects
is increased from 30% to 50% of the actual cost of the original R&D
project supported by the ITF, and ITC will review the situation taking into
account future experience.
10. More details of the measures mentioned in this Annex can be
found in the two papers submitted at the Panel on Commerce and
Industry of the Legislative Council in February3
and March4
2014
respectively.
3
www.legco.gov.hk/yr13-14/english/panels/ci/papers/ci0218cb1-885-3-e.pdf
4
www.legco.gov.hk/yr13-14/english/panels/ci/papers/ci0318cb1-1072-7-e.pdf