IP: From Sword-and-Shield to Tool for Cooperation
The Straitstimes website noted that organizations used to adopt a sword-and-shield approach to exploiting IP but that is increasingly at odds with the shift towards open innovation. Disruptive technologies, new business models and the advent of open innovation have changed the way corporations view the development, ownership, use and protection of IP. Corporations are increasingly receptive to the idea that IP rights are not just a legal tool, but should in fact be integrated with their business strategy. By adopting open innovation, corporations can access capabilities and technologies in public research institutions and institutes of higher learning without having to bear the developmental costs themselves.
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