Research paper explores benefits of open innovation to business
Businesses today are increasingly engaging in open – or collaborative – innovation. The open innovation model, and the supporting role of intellectual property (IP) in this context, is the focus of the latest research paper from the International Chamber of Commerce (ICC), which will be launched in Geneva today.
Innovation Model is the second in a series of five research papers
produced by the ICC Commission on Intellectual Property that provide insights
on how IP interacts with decisions, transactions and processes related to
technology development and dissemination.
The report comes as businesses are being forced to
contend with a
range of factors, including globalization, advances in information and
communications technology (ICT), and growing technological complexity, that are
providing an incentive to collaborate more closely on innovation.
This paper aims
to inform policymakers and other stakeholders about the open innovation model,
and its relevance to the business environment of today.
Specifically, the report looks at the origins
and evolution of open innovation, contrasting these with the traditional “closed”
approach to research and development. Furthermore, it explores the importance of
strategic knowledge management in the context of open innovation, demonstrating
how IP rights can be used to help share technology and know-how in support of open
“Open innovation is expected to become the most prevalent innovation
model of the 21st century,” said Daphne Yong-d'Hervé,
Chief Intellectual Property Officer at ICC. “ For this type of collaborative innovation to
succeed, strategic and proactive management of a business’ intellectual assets,
including through use of IP rights, is essential”
The report includes policy actions to support open
- improving patent quality,
- increasing access to the patent system,
- educating innovators about effective intellectual asset management,
- ensuring adequate trade secret protection is in place, and
- fostering the creation of innovation networks and clusters
The first paper
in the IP and Innovation series, Enhancing IP Management and Appropriation by Innovative SMEs, launched in October 2013, addressed
how SMEs could improve their performance through better management of
intellectual assets. Further papers, to be released over the
course of 2014, will explore issues relating to the evolving geography of
innovation; trade secrets; and diffusion channels for technology and know-how.
TheOpen Innovation Model paper will be launched during
a discussion lunch in Geneva. Speakers, who include Emil
Pot, the General Counsel of a Belgian SME and
Hesham Wahby from Innoventures, a start-up accelerator in Cairo, will
discuss themes from the first two research papers in the series.
For further information, please contact
Senior Policy Manager, Intellectual Property
+33 (0)1 49 53 28 24