Highly innovative solutions may require a significant investment of time and financial resources. The European Union is committed to maintaining its efforts to promote research and innovation in Europe, providing more researchers from public and private sectors the opportunity to participate in the EU funding program Horizon 2020, now worth even €200 million more.
On April 2017 the European Parliament gave its consent to increase the budget of EU research funding program – Horizon 2020 – by an additional 200 million euros and it is expected that the Council of the EU will approve this decision in the coming weeks.
Horizon 2020 was launched in 2015 and it represents the continuation of previous EU research funding programs to tackle the 2020 societal challenges through research and innovation. A boosted competitive knowledge-based economy creates new jobs. EU research and innovation projects generate knowledge, prototypes, and processes that should be turned into commercial products and services. This is motivating researchers to become entrepreneurs and stimulating Europe’s economic growth whilst strengthening Europe’s competitiveness worldwide. In the foreword of the World Intellectual Property Report of 2015, Francis Gurry, Director-General of the World Intellectual Property Organization, said:
“Policies which spur economic growth are imperative for governments the world over. Sustained growth improves living standards, creates new employment opportunities and helps alleviate poverty. While not a panacea, economic growth – if properly channeled – can contribute to stability, security, health and environmental sustainability”.
It is essential for researchers to understand that intellectual property rights help to protect the industrial and commercial value of new products and services while facilitating their adequate disclosure in the public domain for further research and development. Therefore, it also is very important to create awareness of the role of intellectual property rights to preserve the EU’s efforts to promote innovation and sustainable economic growth.
Researchers in China might follow the work of dutch researchers participating in an EU research project. A suitable IP protection strategy allows dutch researchers to adequately communicate their results whilst providing them with a protection shield to protect their results from an unauthorised use in countries where they might not have any representation. In this sense, international licensing and knowledge transfer agreements should be also considered in the development of an IP protection strategy.
The rules for participation and dissemination in Horizon 2020 established a set of rights and guidelines for the proper management of intellectual property in research and innovation action.
Please contact us for more information about EU research funding programmes and intellectual property management.
Juan Luis Rodrigues, LLM