By Charlene Musiza
On 20 May 2019, the second International Conference on Intellectual Property (IP) and Development was held at the World Intellectual Property Organization (WIPO) in Geneva, Switzerland. A diverse crowd from industry, academia, international organisations, non-governmental organisations and students attended the event and some participated via the webcast. The panels, comprising of experts, discussed various topics in relation to IP and development. Discussion in the panels are summarised below.
How the IP System Benefits Innovation
The first panel, made up of Dr. Fernanda de Negri, Professor Marzenna Weresa and Professor Dominique Foray, discussed how the IP system benefits innovation. Dr. Negri spoke about some factors and conditions for innovation, and gave a historical perspective, and the empirical literature on IP and innovation that highlighted the important of patents for pharmaceutical and chemical innovations. According to Dr. Negri patent systems have an important and a positive influence on innovation in home countries. She stated that IP rights had positive effects on innovation in developed countries but the results for developing countries were not so clear. On the other hand, according to her, innovation required a broad sector of conditions, for example qualified people to innovate, infrastructure and good economic environment. Continue reading