Intellectual Property: An IP policy with no innovation
Intellectual property regimes suffer a classic paradox. It is reinforcing a realpolitik predicated to a large extent on various campaign contributions flooding the coffers of candidates striving to lead the most powerful democracy of the world, namely the U.S. Shamnad Basheer Shamnad Basheer Flawed foundation Enter India’s recently unleashed IP policy into this new political fray — one that, at best, repeats ad nauseam the various platitudinous phrases around intellectual property. The policy fails to situate IP within the larger context of the innovation ecosystem, refusing to acknowledge that while IP could accelerate innovation in certain technology sectors, it impedes innovation in others. Unfortunately, far from understanding the drivers of creativity and the modes of appropriation/sharing in this “shadow” economy, the policy leans towards the superimposition of a formal IP framework on this marginalised sector. Unfortunately, notwithstanding some of its praiseworthy proposals, such as expedited examination, an IP exchange and the proposal to encourage Corporate Social Responsibility funds into open innovation, this much-awaited IP policy is terribly short-sighted.
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