Innovation Literacy Overview
Since 1980, awareness has been growing that the majority of value in today's economy is intrinsically related to the multi-faceted domain of intangible property and rights (IP & R). Found in state-sanctioned limited monopolies like patents, copyrights, and trademarks or in contracts (franchise and license agreements; cooperative research and development agreements; trade secrets; trade agreements; exploitation rights; and restricted knowledge agreements; etc.), IP & R are estimated to account for more than 80% of the value of the global marketplace. Unfortunately, from the World Trade Organization (WTO) to the grassroots innovator, few individuals or institutions fully appreciate the:
* global imbalances in IP & R granting and enforcement;
* undue influence exerted by select corporations and governments on the implementation of regulations;
* opaque financial accountability around IP & R;
* clear differentiation between invention, innovation, and incrementalism and the degree to which paradigms to foster one adversely impact others; and,
* global economic consequence of this lack of understanding.