Intellectual property (IP) is an increasingly important source of value for globally competitive companies. Canada lags behind peer countries in key metrics such as patent applications per capita and maintains a sizable IP trade deficit.
Recognizing the growing importance of patents for firm and national competitiveness, a small number of countries created sovereign patent funds (SPFs) intended to help bolster national innovation and IP ecosystems.
This animation, based on a paper by Warren Clarke, describes what an SPF is, how it works and how a correctly constructed Canadian fund could help address a series of domestic challenges related to IP commercialization and firm growth.