The European Commission has announced its Action Plan on Intellectual Property, which is set to improve protection, awareness, and the enforcement of IP rights. The Commissioner of the internal market, Thierry Breton, insists that “Europe is home to some of the world’s leading innovations, but companies are still not able to protect their inventions”, highlighting the need for the Action Plan.
The proposition aims to “reflect advances in data and AI”, and also enable companies to pool their ideas when in crisis, in the move to support Europe’s economic recovery. New plans regarding blockchain and AI technologies have been launched in order to assess the impact on those IP systems.
Other considerations include the improvement of copyright infrastructure, as well as the improvement on predictability in licensing standard-essential patents (SEPs). The Commission is also set to monitor third countries, where ‘serious concerns’ arise regarding the protection of IP rights.
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