Leveraging Innovation for Growth

Ukrainian policy-makers continue to demonstrate an inconsistent approach towards the concept of innovative knowledge-based growth.

On the one hand, we are told that the innovative model is the ultimate goal for Ukraine. On the other, the amount of work done towards this is limited. The IT sector, considered as a source of innovation and knowledge, has lots of questions regarding unrealized promises and ambitious declarations… Reforms on protection of intellectual property rights are moving not as rapidly as expected.

On the contrary, the developed countries faced an “innovation emergency”. From the business point of view, patents promote and leverage innovation. IP rights became an essential part of the value of capital. Investments in intangible assets are growing faster than ever before. The latest high-stake disputes are good evidence of IP asset tradability and a good tool for fund raising.

The UJBL takes a traditional look at IP beyond the topic covering innovation and technology, where Ukraine definitely has undiscovered potential.

Happy reading,

Olga Usenko