IP rights create an environment that promotes innovation
There’s no short path between an initial idea and a groundbreaking invention being brought to market. In biopharmaceutical sciences, for example, it can take 12 years, dozens of clinical trials, extraordinary amounts of research and several billion dollars to bring a new treatment to life. IP rights support the commitment, collaboration and capital that drive ideas, innovation and invention, to ensure the engine of innovation continues running smoothly.
IP rights support vital work of innovators
Innovators embarking on the road to groundbreaking discovery take on an enormous amount of risk and often spend years researching, carrying out trials and working tirelessly to bring about innovative change. IP rights ensure that the hard and risky work that innovators undertake every day is recognized, rewarded and protected.
International Innovation Coalition Report Highlights State of Innovation Around the World
How are countries around the world working to foster and support innovation? That depends on the country you’re looking at. A recent GTIPA report helps answer that question with a comprehensive analysis of the innovation environments of 23 countries and the European Union.