Tag Archives: The IP Awareness Summit

Short-term thinking about intellectual capital weakens the U.S.’ ability to compete

A well-known economist and entrepreneur, whose work has been cited more than 120,000 times as tracked by Google Scholar, says that businesses and managers who fail to properly acknowledge the contribution of intellectual capital, including IP rights like patents and trade secrets, are dangerously short-sighted. 

David Teece, Director of the Tusher Center for the Management of Intellectual Capital, at UC Berkeley’s Haas School of Business, says “We are at a critical junction in the evolution of our society and the economy. If we continue to protect and reward just the production of tangible goods (objects), while short-changing intangibles (ideas, inventions, creative-works, know-how, relationships, etc.), we will be out of step with technological progress and the march of civilization.

“Economies will eventually stutter if the creation of intangibles is compromised through poorly designed and weakly enforced intellectual property rules.”

Brief and Keynote

These remarks were part of a brief he wrote for the Tusher Center, which can be found here. He delivered more detailed remarks as the keynote at the first IP Awareness Summit in Chicago in November. The title of his talk was “IP Rights Erosion: A Growing Threat to U.S. Economic Leadership.” For the complete Intangible Investor column, “Short-changing intangibles – is risky business,” in the January IAM magazine, out this week, go here.

Dr. Teece believes that improving awareness of and attitudes towards intangible assets ought be part of industrial and innovation policy debates. “Nations that rely on creativity,” he says, “must be vigilante in maintaining systems that permit innovation, authorship and creativity to thrive.”

For the outline of Dr. Teece’s talk, go “IP Rights Erosion: A Growing Threat to U.S. Economic Leadership.”

Image source: berkeley.edu; understandingip.org

 

Experts at IPAS 2017 will explore growing disregard for IP rights

At a time when the value of IP rights under attack by businesses, individuals and the courts, the first IP Awareness Summit will examine the reasons and possible responses.

The Intellectual Property Awareness Summit, which will take place in Chicago on November 6, is the first conference to address the role of IP understanding – and the lack of it – in innovation, ideas and value creation.

IPAS 2017 (subtitle: Enhancing value through understanding) will examine what are acceptable behaviors on the part of IP holders and users, and consider the rapid rise in Internet IP theft and “efficient” patent infringement, as well as distinguish between legitimate and abusive licensing.

IPAS 2017 is being held by the Center for Intellectual Property Understanding (CIPU) an independent non-profit, and Chicago-Kent College of Law, Illinois Institute of Technology.

IP owners – including patent, copyright and trademark holders – organizations, executives, investors and inventors from several countries will be attending. For information about the program, panelists and partners, go here

For a post about the need for broader and better non-legal IP education on the IAM blog written by Manny Schecter, Chief Patent Counsel of IBM and a CIPU board member, go here.

For more information about the Center for IP Understanding, started in 2017, go here.

Conference attendance is by invitation. Persons who would like to request an invitation can write to registration@understandingip.org.

Image source: IPAS2017


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