14 June 2016
The success of a business is more dependent than ever on the effective management and protection of its intellectual property. The growth industries of today are intrinsically linked to those that are IP-rich and IP-intensive, such as new technologies, high-end design and media content.
It is within this context that international law firm Taylor Wessing today launches its 5th Global Intellectual Property Index (GIPI5). The Global Intellectual Property Index is the most comprehensive assessment of how intellectual property regimes around the world compare with each other. This 5th edition assessed the regimes of 43 jurisdictions, using more than 8,500 individual assessments from senior industry figures, balanced with 61 objective factors.
Each jurisdiction was rated in relation to obtaining, exploiting, enforcing and attacking five key IP rights: trade marks, patents, copyright, design and data protection.
Roland Mallinson, partner and editor of GIPI5 commented: “The ever-growing value and role that IP has to play in our economies is receiving increasing recognition. Having a credible and effective IP regime is increasingly recognised as a stimulus for home-grown innovation and investment.”
“Rather than being about who comes ‘top’ or ‘bottom’ in the Index, our aim in compiling and publishing the GIPI is to facilitate an informed debate, leading to improvements in regimes across the globe.”
“It is crucial that all IP regimes are reviewed and updated on a constant basis. Those that are not will hamper the innovation, entrepreneurialism and competiveness of their domestic businesses and discourage inward investment into their countries.”
Baroness Neville-Rolfe, UK Minister for Intellectual Property said: “I am pleased that UK retains its reputation for its strong IP regime. On patents we are ranked first in the world. This result is testimony to the government’s commitment to make the UK the best place to patent.”
“Movements elsewhere in the Global IP index are valuable in focusing our efforts as some laws change and as we strive to do a good job for business in an increasingly knowledge based and digital economy.”
“The work that Taylor Wessing does to examine the global IP system helps to drive forward improvements to support our innovation and growth ambitions.”
GIPI5 adds seven new countries and highlights some of the key themes across IP regimes including increasing harmonisation and the cost-effectiveness of litigation. Those countries that deliver a functioning, efficient, fair, predictable and transparent IP regime are likely to be those that will benefit most from the increasing investment being made in the field.
Previous editions of GIPI have attracted widespread comment, been referred to by IP creators and users, as well as public officials and legislators. This latest report reflects on a number of high-profile changes in the law since the last report, GIPI4, which was issued in November 2013.