Finance committee  What we need to do federally is really to mirror some of the activity that's already happening. The Ontario Expert Panel on Intellectual Property released a report and, as part of that, detailed action items and is now putting resourcing together. The universities are, generally

Finance committee  Yes, that's right. You're not going to invest in a line of business or a new business where the foundational IP is owned by your competitors, because you don't have the freedom to operate. Purely domestic companies don't have very good IP positions, and they need to work hard to

Finance committee  Foundationally, it's about IP education, and we're doing that with the Innovation Asset Collective. I'm doing that this Friday. You can join my Western University class on commercializing innovation. It's really about getting Canadian SMEs to be more savvy about IP, but it's also

Finance committee  One key thing would be to start getting away from this FDI fallacy. There are jobs there, but that's not economic prosperity. We had discussions about the trades. There are not even enough people to go around for these jobs. Stop investing in a job strategy. That's the 9% tangibl

Finance committee  International trade agreements are used by the stronger-power countries, like the Americans, to permeate rules that benefit their domestic industries. We see that with the copyright extension that's mentioned in this act. It's all about California and other content creators that

Finance committee  Yes. Thank you. I think I counted 16 or more aspects of the budget bill that touch on innovation. With regard to the two you pointed out, the patent box is something that's been implemented in other jurisdictions. However, you can do it 99 ways wrong and maybe one way right. R

Finance committee  Yes, and we've seen initiatives across the country. In Quebec, there's Axelys, and Ontario has IP Ontario. B.C. and Alberta are looking at this issue and starting to take action on it, because they're the other half of the public funders for these. What we need to do is to ensur

Finance committee  What we see is that those companies really prioritize the IP generation and retention of valuable IP. Right now we're actually doing a lot of our innovation policy the wrong way. We're investing in that tangible economy, giving billions of dollars for manufacturing jobs, while th

Finance committee  Thank you. The issue you raise in Quebec is one that we see across the country. A lot of the Canadian IP that's generated is offshored or being sold, and it's really because Canadian companies don't have the freedom to operate. The underlying IP is already owned by those players

Finance committee  The immediate thing would be to scale up the Innovation Asset Collective. It's a pilot project that in its last year now. What we need to do is to be with our global peers and have that fully funded. Right now, it's for data-driven clean-tech companies—a very important sector—but

Finance committee  I look to global peers and what other countries are doing. The Chinese and Americans have significantly funded their IP-generation capacity. We can't do that. We need to be more shrewd and look to other countries like France, Korea and Japan—what they're doing as small, open econ

Finance committee  Thank you. Freedom to operate is what businesses in the innovation economy have to deal with. IP is a negative right. A patent allows you to prevent others from making, using or selling. It's not so much about protecting what you have come up with, though IP does protect your in

Finance committee  Good morning. I am Jim Hinton, IP lawyer, patent agent and trademark agent with Own Innovation. I'm the co-founder of the Innovation Asset Collective, a senior fellow at the Centre for International Governance and Innovation, and an assistant professor at Western University. But