The Dynamic Role of Intellectual Property in Promoting Innovation and Economic Development in Emerging Markets

July 14 - 16, 2015, Lagos, Nigeria

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Intellectual property (IP) is a term increasingly used today, but its role in economic development in emerging markets like Nigeria, remains unexplored or broadly misunderstood. Over the last few decades, an increasing number of policy-makers are beginning to recognize the important role of the IP system in encouraging private investment in research and development (R&D), especially in the industrial and scientific fields. Many studies suggest that a healthy IP system may be a key component in encouraging foreign direct investment (FDI) and fostering job creation and economic growth.

While IP is not the sole driver of a successful economy, it is considered one of the significant policy complements that drive economic success. Macroeconomic stability, quality of governance, rule of law, business environment, education and productivity of the labor force, and the quality of infrastructure are also vital contributors to economic growth..  The ultimate aim of any IP regime is to deliver innovative, competitive products and services that consumers want and need. In virtually every sector, the number and variety of IP-dependent products and services is vast. For instance:

 

• Copyright protection underlies the continuous stream of new music and films, games software, books, magazines, newspapers and other published material, photography, and other related activities including publishing, performing, broadcasting and other media for developing and delivering all of these to consumers.

• Patents underlie many of the knowledge-based products and services that society relies on for health, energy, communication, transportation and many other human and commercial needs e.g. aerospace, automotive, energy, biotechnology, pharmaceutical, chemical, and information and communication technology sectors, and related transportation and distribution sectors.

• Trademarks support a wider array of products and services that consumers want and depend on, from clothing and computers to foods and footwear, educational and entertainment products, services, scientific products and even sporting activities.
 
• Trade Secrets - Any confidential information that provides a business with a competitive advantage.  Examples include research findings, technical know-how, manufacturing methods, consumer profiles, sales methods, and advertising strategies.

 

This workshop will examine the current and potential contribution of IP protection in growing local economies. It addresses the following key issues:

 

  • Economic benefits of IP e.g. GDP, employment, tax revenues;

  • IP’s role in promoting innovation e.g. in the technology/mobile phone industry, film industry;

  • Its role in quantifying innovations in small to medium enterprises (SMEs) to secure investments, grow market value, and leverage new markets;

  • IP’s contributions to consumers and the wider society e.g. providing consumers with innovative products and services in virtually every area of life, driving solutions to many of society's most important needs -- from clean energy, reduced carbon emissions and health care, and helping to protect consumers from inferior and dangerous counterfeits.

     

     

     

     

     

     

     

     

     

Overview 

 

The workshop will highlight the role of Intellectual Property in social and economic development by analyzing selected successful use of IP tools in developing countries to stimulate innovation and growth. The workshop will also review challenges to implementation of IP frameworks that encourage innovation, entrepreneurship and job creation, while ensuring widespread benefits to consumers and society in African countries. Finally, the workshop will create an opportunity to showcase African innovative products and build relevant capacity by organizing a complimentary exhibition and a training program on IP for small and medium enterprises (SMEs).

 

Objectives

 

  • To highlight the role of IP in  social and economic development  in emerging markets by analyzing selected successful use of IP tools in developing countries to stimulate innovation and growth.

 

  • To discuss the challenges and strategies to implementation of IP frameworks that encourage innovation, entrepreneurship and job creation while ensuring widespread benefits to consumers and society in African Countries

 

  • Create an opportunity to showcase West African Innovative Products at the Innovation Hall

 

  • Organize training that would focus on strengthening IP contribution to SME development 

 

Workshop Themes

 

  • Unlocking the economic benefits from Intellectual Property e.g. GDP, employment, tax revenues and strategic importance

 

  • Promoting local innovation e.g. technology/mobile phone industry, film industry, pharmaceutical industry, visual arts, fashion, music

 

  • Monetizing of Small-Medium Enterprises (SME) innovations to secure investments, grow market value, and develop new markets

 

  • Translating IP into societal benefits—providing consumers with innovative products and services in virtually every area of life

 

Target Audience    

 

  • Local innovative companies, including SME’s, mobile phone innovators, Nollywood

 

  • Local Innovation Hubs/groups

 

  • Tertiary institutions with existing or planned innovation hub

 

  • Academics/economists interested in the field of innovation

 

  • High-level Ministers and government officials

 

  • Multinational companies operating in Africa

 

  • Local organizations promoting international standards of IP protection

 

  • Local business organizations

 

  • Investors and Local Venture Capital Firms IP Technology Transfer Professionals

     

     

     

     

     

     

     

     

     

 

 

 

 

 

 


 

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