Policy Perspectives >>
British Columbia Needs Effective Intellectual Property Frameworks to Promote Collaborative Research and Commercialization
- BC has a high number of small businesses that contribute to a dynamic economy, but lack the capacity to make the province a leader in developing and commercializing new products or services.
To strengthen its economic competitiveness, BC needs to grow businesses, in part by promoting collaboration between firms and universities through research partnerships.
Stakeholders in BC must ensure that policies surrounding intellectual property are understandable and timely, to avoid deterring potential research partnerships and foreign direct investment in R&D.
No consistency currently exists in IP policies in provinces across Canada or at individual postsecondary institutions, making navigating commercialization challenges even harder for potential collaborators.
BC institutions would be well-served by clear and consistent guidelines to follow when it comes to IP for their researchers and industry partners.
Best practices exist that can serve as a guide, including Google’s Advanced Technology and Projects group that has recently created a collaborative agreement with universities called MURA – their multi-university research agreement.