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Council for Trade Related Aspects of Intellectual Property Rights - Intellectual property, innovation and microfinance - Communication from Australia, Canada, Chile, the European Union, Japan, Singapore, Switzerland, The Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu, the United Kingdom, and the United States of America
日期:2022/02/25
作者:Council for Trade Related Aspects of Intellectual Property Rights
文件編號:IP/C/W/686
附件下載:IPCW686.pdf
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INTELLECTUAL PROPERTY, Innovation and microfinance

COMMUNICATION FROM AUSTRALIA, canada, chile, THE EUROPEAN UNION, JAPAN, singapore, SWITZERLAND, THE SEPARATE CUSTOMS TERRITORY OF TAIWAN, PENGHU, KINMEN AND MATSU, THE UNITED KINGDOM, AND THE UNITED STATES OF AMERICA

1  INTRODUCTION

1.  At its 8-9 June 2021 meeting, the TRIPS Council discussed a paper by the Friends of IP and Innovation (FOII) on IP for investment, financing and funding (document _IP/C/W/679). The paper in question sought to explore this issue in general terms, and thus focused mostly on the links between IP, innovation and conventional financing, such as through banks and venture capital. However, for innovation-based businesses on the smaller end of the micro, small, and medium-sized enterprise (MSME) spectrum, and likely for IP and/or innovation-based MSMEs in least-developed Members in particular, "conventional" financing might present challenges, such as in terms of accessibility, financial literacy, perception of risk by lenders, and overall financial inclusion. The FOII now propose a discussion on the links between IP, innovation and microfinance (also known as microcredit). This particular focus is less visible and less studied than the links between IP, innovation and "conventional" financing, and therefore the FOII seeks discussion and enhanced understanding in this area.