Sparking Innovation: A Patented Alternative

I’m participating as a fellow in a five-day program on innovation sponsored by the Salzburg Global Seminar in Austria. The title: New Models of Intellectual Property: Predictability and Openness as Spurs to Innovation. My classmates and instructors are from two dozen countries and every inhabited continent. The take-away after two days: There have got to be better ways to “incentivise innovation,” as Tim Hubbard of the Wellcome Trust Sanger Institute put it, than patents, which favor big companies with fattening monopolies.

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