Turbotodd

Ruminations on tech, the digital media, and some golf thrown in for good measure.

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The Global Market For Intellectual Property

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IBM’s own Manny Schecter, chief patent counsel, chimes in via a guest blog post on Forbes on the emerging global marketplace for intellectual property.

IBM Chief Patent Counsel Manny Schecter writes in a recent guest blog post on Forbes that "Intellectual property has become one of the most important resources in the 21st century." Like financial capital or commodities or labor, he explains, IP is more than an economic asset – it also forms the basis of a global market.

Schecter explains that intellectual property has “become one of the most important resources in the 21st century,” but that more national governments need to step up the pace in providing balance in their patents systems because patents “can be used to both promote and inhibit innovation.”

Schecter also explains that more corporate leaders need to recognize intellectual property as an “asset like any other assets” and to better integrate their IP and business strategies.

Moreover, Schecter calls for more transparency in the intellectual property realm, asking to “make all pertinent information about patents, patent applications and the patent process available to everyone.”

You can read more in Manny’s post here.

Written by turbotodd

April 18, 2012 at 4:48 pm

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