Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


Excluding Software Patents Will Stifle Innovation

Excluding Software Patents Will Stifle Innovation

“Excluding computer software from the Patents Bill is a mistake and will stifle innovation,” says Chapman Tripp Partner Matt Sumpter.
“I’m astonished that the Commerce Committee is recommending this change and hope that the Government will reconsider because the arguments against it are very strong,” he said.

Patents explain how inventions work; they incentivise and facilitate innovation

Patent protection doesn’t discriminate between inventors. Whether you’re big pharma, or a bloke in the shed, patent protection is a powerful incentive to innovate across every field of endeavour.

The New Zealand Patents Register is testimony to the fact that software developers big and small are committed to innovation. Local and international success stories in the technology sector are founded on patents. Patent rights allow inventive developers to back their ability and invest in high-tech R&D knowing their efforts could be rewarded by patent rights. Those rights provide a revenue stream enabling further and future investment down the track.

Patents explain how inventions work; and they facilitate more innovation

At the moment of innovation, inventors have a choice to make:

• they can keep their invention secret and protect it through trade secret law, or

• they can seek patent protection in the hope of enjoying a time-limited statutory monopoly over their new technology.

If and where the inventor seeks patent protection, the trade off for the limited monopoly is that the inventor must publish details of how the invention works. This “disclosure” enables other inventors to leverage that knowledge to develop inventions of their own.

Patents encourage R&D; and R&D boosts productivity:

Over recent years New Zealand has suffered from sustained and alarming Multi-Factor Productivity (MPF) decline. MFP measures the contribution to economic growth made by factors such as technology and organisational innovation.
The World Trade Organisation believes New Zealand’s fall in MFP is, in part, a function of low levels of R&D.

While patent law is not a panacea for productivity decline, dynamic intellectual property law discourages free-riding off inventiveness and encourages investment in R&D and discovery. Over time, strong patent protection will lift multi-factor productivity and enhance New Zealand’s prosperity and competitive advantage as a trading nation.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

RNZ Live Blog: Eruption At Whakaari / White Island

An eruption has occured on Whakaari / White Island in the Eastern Bay of Plenty, sending a huge plume of smoke and ash into the sky.More>>

Police Update
While it was initially believed there were approximately 100 people on or near the island at the time of the eruption, we now believe there were fewer than 50.

Some of those people have been transported to shore, however a number believed to be on the island are currently unaccounted for. Of those transported to shore, at least one has been critically injured. More>>



Big, Bold, Permanent Change Needed: Children's Commissioner On 2019 Child Poverty Monitor

“I want to see family incomes dramatically raised by increasing benefits and making the minimum wage a living wage. And the Government needs to move much faster at increasing the supply of social housing..." More>>


RNZ Live Updates: Weather Mayhem Strands Tourists; Major Roads Closed

Hundreds of tourists are stranded on the West Coast, and on the other side of the South Island a flood-damaged bridge has closed State Highway 1, after a weekend of torrential rain... More>>


Policing: Armoured Specialist Police Vehicles

New Zealand Police has taken delivery of three Armoured Special Purpose Vehicles. The vehicles are unmarked and look like standard Toyota Land cruisers... They will not be used for patrol. More>>

Single Use PVC And Polystyrene Out: Next Steps On Plastic Waste

The Government will phase out more single-use plastics following the success of its single-use plastic bag ban earlier this year and the release today of a pivotal report for dealing with waste. More>>


Faafoi Statement: Minister's Suspicious Immigration Texts

I have apologised to the Prime Minister and understand I have let her down in regards to my dealings with Jason Kerrison over an immigration matter concerning his family. More>>


NZ First Conflicts Of Interest: New Details Around Timeline

New information has emerged showing it was the New Zealand First chief of staff who identified potential conflicts of interest between a forestry company and two senior government ministers, sparking a series of declarations. More>>



Five New Cancer Meds In Six Months: Pharmac Funds More Cancer Medicines, Faster Assessment

PHARMAC has confirmed that two new medicines – olaparib for ovarian cancer and fulvestrant for breast cancer – have been approved for funding... Rituximab and bortezomib, which are already funded, have also been approved for widened access following successful commercial proposals from new suppliers. More>>






InfoPages News Channels