Pooja Yadav’s Post

Have you seen this fascinating new report from WIPO on how intellectual property (IP) can fuel economic development? One of the key findings: countries that leverage their local strengths and build diverse innovation ecosystems are more successful. This feels very intuitive. By fostering a culture of creativity and collaboration, countries can unlock new ideas and technologies that drive growth. The next step is harnessing tools like IP Assist (https://lnkd.in/eAMWeC8Q to ensure that the companies that generate these great ideas reap the financial rewards of their creativity. The report also includes some interesting case studies, from motorcycles to video games to agriculture. It's an excellent read for anyone interested in innovation policy and economic development. I recommend you take a look! #Innovation #IntellectualProperty #EconomicDevelopment #WIPO https://lnkd.in/eEGZHPPi

Exciting Release! WIPO's new report, "Making Innovation Policy Work for Development," unlocks the power of complexity for sustainable development. The report underscores the importance of 𝗺𝘂𝗹𝘁𝗶𝗱𝗶𝗺𝗲𝗻𝘀𝗶𝗼𝗻𝗮𝗹 𝗶𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻 𝗰𝗮𝗽𝗮𝗯𝗶𝗹𝗶𝘁𝗶𝗲𝘀. By analyzing scientific, technological, and production aspects, the report reveals how these capabilities significantly impact a nation's innovation and industrial policies. Notably, the report highlights that 𝘁𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝗶𝗰𝗮𝗹 𝗶𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻, while the most complex, delivers the highest economic rewards. Recognizing this complexity allows countries to tailor development strategies to their unique innovation ecosystems. Countries can build upon existing strengths or leapfrog into new fields to foster a resilient and competitive innovation ecosystem. However, strategic timing and a deep understanding of the 𝗹𝗼𝗰𝗮𝗹 𝗰𝗼𝗻𝘁𝗲𝘅𝘁 are paramount for maximizing these opportunities. Grateful for this comprehensive work and the potential it holds to unlock a new era of sustainable development through innovation. https://lnkd.in/dvHRCKsz #IntellectualProperty #WIPO #WIPR #SustainableDevelopment

World Intellectual Property Report 2024: Making Innovation Policy Work for Growth and Development Geneva, May 2, 2024 PR/2024/916 A new WIPO #report probes the intersection of human #innovation, economic diversification and industrial #policy and finds that the key to sustainable #growth for countries is to focus policy making on developing local innovation capabilities. The biennial World Intellectual Property Report (WIPR) “Making Innovation Policy Work for Development” documents a recent resurgence in industrial policy making, including in many developing and least developed countries, aimed at ensuring a wide and growing economic structure base - and the innovation, creativity and technology required to achieve it. #intellectualpolicy #report #WIPO

💡 People often emphasise the importance of fostering a culture of innovation to generate and commercialise new ideas. Typically, this involves gaining a first-mover advantage through in-house R&D, where a business develops technology from scratch and brings it to market. But there are competitive alternatives to this model. By leveraging externally generated knowledge and integrating it carefully, businesses can enhance their R&D strategy and remain highly competitive.

Have you read our latest articles on innovation and impact?

Have you read our latest articles on innovation and impact?

Have you read our latest articles on innovation and impact?

Have you read our latest articles on innovation and impact?

Have you read our latest articles on innovation and impact?

Innovation is timeless and the driving force that keeps us moving forward. As Jeff Bezos said, 'If you double the number of experiments you do per year, you’re going to double your inventiveness.' 💡 💡 💡 It’s the one thing that sustains progress and fuels success. watch this video to know more about Innovation...