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Intellectual property alone does not promote innovation according to the Brazilian vice-president of the National Institute of Intellectual Property

Submitted by veraliah on Mon, 05/23/2016 - 13:00
IP Tango blog recently reported the remarks of Mr Mauro Maia, the vice-president of the Brazilian Instituto Nacional da Propriedade Industrial (INPI)'s, on intellectual property and its relevance to the country. Mr Maia pointed out that IP as a legal instrument and system does not promote development by itself. 
Mr Maia affirmed that IP was useful and relevant to the innovation environment, but that it does ‘not promote development’ by itself despite its relevance and use in innovation environments. IP protects patents, copyrights, and other IP but what promotes creation, invention and development goes beyond mere legislation. Incentives (grants or tax credits) and higher education have a big impact in innovation, while the role of IP is to protect creators from unfair practices and it does so by balancing exclusive rights given to owners with accessibility rights to the society. 
More information (in Portuguese) on this topic is available here.