The Importance of Fostering Incremental Innovation
ICC (International Chamber of Commerce) Innovation and Intellectual Property Research Paper No. 5
24 Pages Posted: 15 Nov 2018
Date Written: October 1, 2018
This briefing paper discusses the fundamental relevance of incremental innovation and the role that patent protection plays in this regard.
The text begins by elaborating on the importance of innovation in general before focusing on the particular significance of incremental advances in technology. Subsequently, it introduces the patent mechanism, including the underlying economic rationale and the key characteristics of this form of intellectual property protection. Finally, the paper presents specific challenges that relate to the patentability of incremental innovation.
Keywords: Incremental Innovation, Intellectual Property
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