Global Affairs Canada: Intangibles Roundtable
On February 18, 2021, I had the pleasure and opportunity to participate in the Global Affairs Roundtable on Business, Growth, and Trade in the Intangibles – with a focus on intellectual property, organized by the Honourable Mary Ng, Minister of Small Business, Export Promotion and International Trade and the Intellectual Property Institute of Canada (IPIC).
Thank you to Minister Ng and the IPIC for inviting me and allowing me to share my views on how to support Canadian businesses with significant intangible property grow and expand into international markets.
This roundtable is one of a series of virtual roundtable discussions entitled, “Positioning Canada in the global economy of intangibles – digital trade, data governance, intellectual property” held by Minister Ng. The initiative is also in line with the Government of Canada’s National IP Strategy launched in April 2018, from which stems Canada’s “Innovation Asset Collective” launched in December 2020 with $30million in support through the government’s Patent Collective pilot program, “designed to assist participating small and medium-sized enterprises (SMEs) with their patent and other IP needs”.
Business Development of Canada’s Intellectual Property-Backed Financing commitment of $160million is also another government initiative to fund IP-rich SMEs.
Canada is definitely focusing on assisting its knowledge-based economy and investing in innovation!