Mason Hayes & Curran Advises On New IP Protocol
19 June 2012
The IP Protocol was developed by the Department of Jobs, Enterprise and Innovation in collaboration with other Government Departments.
Martin Kelleher, partner at Mason Hayes & Curran, undertook an independent legal review of the IP Protocol. The Protocol deals primarily with collaborative research between industry and Research Performing Organisations and deals with industry access to the results of research that is 100% State funded. It also deals with contract research where industry pays the full cost of the research it commissions.
Ireland’s world ranking for quality of scientific research output has improved significantly in recent years, moving from 36th in 2003 to 20th in 2010. In a similar trend, spending on publicly funded R&D increased from €290 million in 2000 to €872 million in 2010.
Launching the IP Protocol on 8 June 2012 together with Minister for Research and Innovation Sean Sherlock, the Minister for Jobs, Enterprise and Innovation Richard Bruton TD, commented:
“[Today’s] announcement marks a major evolution of the relationship between industry and publicly-funded research. It will create a world-class new system that will make it easier and faster for entrepreneurs and companies to negotiate a commercial arrangement with researchers. It will provide a significant improvement to Ireland’s international offering and encourage more companies to locate here. It will encourage more multinationals and indigenous companies to use the IP generated by Irish R&D to create products and services and ultimately create more jobs.”
Read the press release on the IP Protocol from the Department of Jobs, Enterprise and Innovation here.
Find out more about Mason Hayes & Curran’s Intellectual Property Law team here.