Creating an enabling environment for the transfer of technology from research institutions to the business sector

Historians of science tell us that we are witnessing ‘a paradigm shift’ in the way companies and public research organizations (PROs) commercialize knowledge. Likewise, innovation research indicates that the way we innovate or take new ideas to market is undergoing a fundamental change from a model of closed innovation to one of open innovation. Whereas the former model was directed by the notion that in order to prevent competitors profiting from its ideas, an organization must have full control of its intellectual property, the open model is built on the notion that organizations can benefit from others’ use of their intellectual property, and they should buy or license others’ intellectual property whenever it advances their own business model.

Related Subject(s): International Law and Justice