Higher R&D Not the Answer

By • on February 23, 2017

An article on TheWire website noted that while much has been made of intellectual property rights in recent times, open innovation models could actually be India’s best way forward to an inclusive innovation culture. Open innovation requires a completely different perspective on regulating the relationship between innovator and end user. A potential regulatory and reward framework could focus on generating trust so that innovators and knowledge creators can freely collaborate and share benefits of the innovation, granting preference in government procurement for products of such innovation, tax breaks and exemptions for open innovator collaborations.

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