View
1.439
Download
2
Category
Preview:
DESCRIPTION
This presentation speaks about how Ireland's foreign direct investment policies have developed in the last 50 years. The presentation describes the new IP trading industry and suggests how Ireland can build on it's foreign direct investment pedigree in the intellectual property space.
Citation preview
IP and the Smart Economy
Fred Logue
Source: IDA Horizon 2020
Obsessive Focus on FDI
Source: Barry (2007)
Source: Barry (2004)
Source: Barry (2004)
1986-1992 Deregulation of European Air Travel Markets
2005 Changes to US Tax Law
1987 Financial Globalisation
1987 Financial Globalisation
Intellectual Property is the legal right to control the results of creativity and innovation
There’s a $50 billion-plus market in IP rights and licensing
Izhar Armony, Charles Rivers Ventures
>
Source: Acacia
Source: OECD
Source: Acacia
Our approach enables our client network to manage patent litigation risks and costs through collective defensive patent initiatives, superior patent intelligence, and special advisory services.
Our approach enables our client network to manage patent litigation risks and costs through collective defensive patent initiatives, superior patent intelligence, and special advisory services.
Acacia Research’s subsidiaries partner with inventors and patent owners, license the patents to corporate users, and share the revenue. Acacia controls over 160 patent portfolios covering technologies used in a wide variety of industries
Acacia Research’s subsidiaries partner with inventors and patent owners, license the patents to corporate users, and share the revenue. Acacia controls over 160 patent portfolios covering technologies used in a wide variety of industries
As the global leader in the business of invention and owner of one of the world’s largest and fastest-growing patent portfolios, we are creating an active market for invention that connects buyers, sellers, and inventors.
As the global leader in the business of invention and owner of one of the world’s largest and fastest-growing patent portfolios, we are creating an active market for invention that connects buyers, sellers, and inventors.
Europe is Scratching its Head about IP
But…
Indigenous Irish firms are extremely unsophisticated in their use of Intellectual Property
For managers in FDI companies IP is (generally) something done in head office with little or no visibility here
Commitment included in the Government's Economic Recovery Plan "Building Ireland's Smart Economy"Encouraging companies to locate the management and exploitation of their intellectual property in IrelandWith the potential to create high-quality employment in the process.
IP Exploitation IncentivisedS 291A Taxes Consolidation Act 1997
Revenue Tax Briefing (July 2010)
Allowance of 80% of capital expenditure on specified intangible assets against income arising from activities consisting of managing, developing or exploiting specified intangible assets
Definition of Specified Intangible asset includes most forms of Intellectual Property
Therefore 2.5% effective corporation tax rate possible on IP income
Attract IP trading companies and make sure know-how is transferred to both indigenous and foreign companies
fred.logue@newmorningip.com (01) 254 2340 l www.newmorningip.com l
@newmorningip
Recommended