The Need for Intellectual Property Rights Strategies at Academic Institutions

Sat, November 16, 2019

The increasing relevance of intangible assets, such as computer software or patented technology, in today’s economy requires fundamental rethinking and a cultural change in the management of IP portfolios in scientific organisations just as it does in companies. With its statement, ALLEA addresses this shift of economic relevance from tangible to intangible assets and urges academic institutions to adopt adequate IPR strategies which ensure that knowledge transfer benefits society, for example in public-private partnerships. It also presents options to European and national legislators on ways to incentivise the translation of publicly funded research results into IP-protected innovative products and processes. The statement has been produced by ALLEA’s Permanent Working Group on Intellectual Property Rights, which comprises experts from various disciplines and from academies across Europe.