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ARTICLE · 07 AUGUST 2019

Canada Announces New Patent Collective Pilot Program And IP Marketplace

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As part of its Intellectual Property Strategy launched early last year, the government of Canada announced today several initiatives that purport to help Canadian entrepreneurs secure

CanadaIntellectual Property
Roch Ripley
Roch Ripley
Brian Kingwell
Brian Kingwell
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As part of its Intellectual Property Strategy launched early last year, the government of Canada announced today several initiatives that purport to help Canadian entrepreneurs secure, access and maximize the use of IP as they grow their businesses.

The new initiatives include:

  • The launch of a Patent Collective Pilot Program. Developed and administered by a new non-profit entity called the Innovation Asset Collective, the four-year pilot program will receive $30 million in federal funding to assist small and medium-sized businesses business in the data-driven clean technology sector with their IP needs. It will do so, in part, by purchasing and holding patents that member companies can license on an ongoing basis in order to protect themselves against IP infringement litigation.

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