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ARTICLE · 02 MAY 2018

Canada's New Intellectual Property Strategy Announced

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The Government of Canada plans to invest $85.3 million in the IP Strategy over the next five years.

CanadaIntellectual Property
Edward Fan
Edward Fan
Michelle Nelles
Michelle Nelles
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In conjunction with World Intellectual Property Day on April 26, Canada's Minister of Innovation, Science and Economic Development launched a new Intellectual Property (IP) Strategy, which will be implemented in the coming years.1

What You Need To Know

  • The Government of Canada plans to invest $85.3 million in the IP Strategy over the next five years.
  • Among other things such as increasing education and providing tools to Canadian businesses, the IP Strategy will amend Canadian IP legislation to clarify acceptable IP practices.
  • The proposed changes are intended to encourage innovation and discovery within Canada and to ensure that innovators are rewarded for their inventions and creations.

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