Category Finance

Survey Finds Promising Future, Major Challenges For Augmented And Virtual Reality

Optimism is said to exist about the future of augmented reality (AR) and virtual reality (VR) following a survey completed by over 650 respondents in the industry. Though growth and investment are anticipated, concerns about a lack of compelling content and cost and issues with the user experience were among the survey’s key findings. Legal risks were identified as well, with the highest percentage relating to technology and intellectual property licensing.

UNITAID Issues Call For Solutions To Overcome IP Barriers

UNITAID, the drug financing mechanism, has put out an appeal calling for ideas on solutions to overcome intellectual property barriers that may be preventing progress in public health. The deadline for submissions is coming near.

Blockchain Technology Raises Challenging IP Issues, Say Speakers

Blockchains, such as the well-known bitcoin, are not yet well-defined but are creating a lot of hype, speakers at a 23 August Intellectual Property Owners' Association webinar said. Two things are clear so far, they said: the technology is in its infancy, and there are lots of unresolved questions about what is patentable and how IP laws intersect with the mostly open source software used in the systems.

Committee Recommends ‘High Priority’ Changes To WIPO Oversight Charter

The World Intellectual Property Organization Program and Budget Committee (PBC) this week agreed to recommend changes to the UN agency’s Internal Oversight Charter as a high priority by next month, including to strengthen investigatory processes against senior officials, and access to confidential documents by member states. In a separate issue, after days of intensive talks behind closed doors, the committee could not agree on which countries will get new WIPO external offices. [Update: decision document added]

Committee Agrees WIPO Strategic Plan To 2021: Possible Rethink For Policymaking

Anticipating a degree of uncertainty ahead for the global economy and intellectual property system, the World Intellectual Property Organization in a new six-year strategic plan looks at likely future policy debates, a focus on infrastructure and training, and possible ways to bring about better negotiations at the UN agency.

New Offices, Strategic Plan, GIs, Oversight Among Focus Of WIPO Committee

The choice of hosting countries for new WIPO external offices and the Medium Term Strategic Plan 2016-2021 are among the hottest subjects of the week, according to several regional groups speaking at the opening today of the World Intellectual Property Organization Program and Budget Committee. Separately, the United States again called the attention to a 2015 treaty protecting geographical indications which they said should not be automatically administered by WIPO. And members called attention to audit and oversight issues.

WIPO Human Resources: All Is Harmony, Secretariat Says

The World Intellectual Property Organization’s human resources issues have been far from harmonious over the past decade, but this year’s secretariat report paints a picture in glowing language of a new culture with happy, well-trained staff after years of “change management.” And to member governments concerned about remaining challenges? No problem, just leave that to us, WIPO says.

WIPO External Offices In High Demand As 18 Countries Offer Hosting

Hosting a regional or national office of the UN World Intellectual Property Organization seems to be a high prize for WIPO members, 18 of which have submitted hosting proposals to be considered at the WIPO Program and Budget Committee next week. Most of those 18 countries are developing nations and all sought to demonstrate their commitment to intellectual property rights and IPR protection, with some underlining the importance of considering level of development. According to regional press reports, Algeria and Nigeria have been selected by the African region to host the two African external offices.

Review Of WIPO Development Agenda Implementation: Good Progress But Expectations Unfulfilled

A group of independent reviewers has found definite progress on implementing the landmark 2007 Development Agenda Recommendations at the World Intellectual Property Organization. But the UN agency needs to elevate the debate, tie in with UN development agencies, create reporting mechanisms, make projects more compatible with local development levels, and detail use of financial and human resources, the reviewers found.

The Downfall Of Invention: A Broken Patent System

The cost of dozens of brand-name drugs have nearly doubled in just the past five years. Public outrage over drug prices extends from Capitol Hill to the presidential candidates to patients. In response, pharmaceutical executives are spending more on lobbying and marketing. Yet for all this attention, most of the proposed solutions for reducing prescription drug costs—tougher negotiations, appeals for transparent R&D costs or investigations into insurers—miss one of the primary sources of the problem: the way we award patents, writes Tahir Amin.