The province is making moves to protect made-in-Ontario intellectual property with a new action plan.
Premier Doug Ford announced the creation of the Intellectual Property Action Plan during a Friday media conference in Kitchener-Waterloo. The plan is expected to drive the province’s long-term economic competitiveness by prioritizing the generation, protection, and commercialization of intellectual property.
“Our researchers and entrepreneurs are leading the charge against COVID-19 with made-in-Ontario solutions and ground-breaking research and clinical trials for vaccines, treatments, rapid testing, and modelling,” said Premier Ford. “Through this action plan and research fund, we want everyone in the province to benefit from this trailblazing work and ensure Ontario is recognized as the best place in the world to carry out research and develop new technology and innovative processes.”
The province’s new plan is expected to also put in place supports to help entrepreneurs and start-ups harness the value of intellectual property, while also creating a special implementation team on intellectual property.
Ontario’s Intellectual Property Action Plan is a result of recommendations made by the province’s Expert Panel On Intellectual Property.