Intellectual Property and innovation: meeting the policy challenges of a knowledge based economy
Ian Fletcher, Chief Executive of the UK Intellectual Property Office, welcomes the establishment of the Strategic Advisory Board for Intellectual Property (SABIP).
Intellectual Property (IP) is an essential component in ensuring the UK's future economic prosperity. Successful translation of creativity, ideas, insights and reputations into value is one of the critical determinants of our prosperity. The IP system enables businesses and innovators to capture value from their innovation.
The Government's recently published White Paper "Innovation Nation" highlighted the changing nature of innovation as new technologies emerge and users become increasingly innovative.
To help the economy reach its full potential, the UK-IPO must understand how IP is effectively used within the economy and how the IPR framework affects economic activity and consumer welfare.
SABIP will give the UK-IPO access to world class independent strategic evidence and advice that will help better inform the UK-IPO's policy making decisions and further develop the understanding of the economics of IP.
Notes to editor
- SABIP was officially established on 2 June 2008. This follows the appointment of SABIP chairman Joly Dixon on 7 March 2008 and the appointment of five members to the SABIP board on 2 May 2008.
- SABIP is a Non-Departmental Public Body with the UK Intellectual Property Office (UK-IPO) as its sponsor department.
- Its role is to advise Ministers and the UK-IPO Chief Executive on the development of intellectual property (IP) policy. In formulating this advice, SABIP will provide an overview of IP policy, provide independent input into Government policy-making, and advise on the UK's stance in international negotiations.
- Andrew Gowers undertook a review of Intellectual Property in 2005 and reported his findings to the Government in December 2006. He identified a number of areas where improvements could be made. The Government committed to taking the recommendations forward. The full review can be viewed at The HM Treasury website.
- SABIP was established as one of these range of measures.
Date of release: 6 June 2008