Model of development of the Eurasian intellectual property market was presented at IPQuorum 2019

The final day of the International Strategic Forum on Intellectual Property IPQuorum 2019 was marked by a large-scale discussion panel “On the way to the global market”, which was attended by experts from Europe, Singapore and the CIS countries. The discussion focused on the process of development of the digital economy in Eurasia and the establishment of economic ties between the Eurasian states with the help of innovative technologies.

Nelli Petkova, Head of External Communications of the Intergovernmental Foundation for Educational, Scientific and Cultural Cooperation of the CIS, Associate Professor of the Russian State University for the Humanities, acting as the moderator, noted that intellectual property is the basis for the development of the modern Greater Eurasia. She also drew attention to the fact that “according to statistics, the growth rate of intellectual property exceeds the growth rate of GDP. Over the past 13 years, WIPO (World Intellectual Property Organization) member countries’ revenues from intellectual product exports have more than tripled, while GDP has only doubled. Even a one percent difference can be interpreted as one and a half times the difference. The very fact of the steady increase in the number of WIPO member countries shows that almost the entire world is being involved in the sphere of civilized information technology exchange”.

In turn, Anatoliy Semyonov, representative of the Commissioner for the Protection of the Rights of Enterprises under the President of the Russian Federation in the field of IP, dwelt on the concept of parallel import: “It is the movement of goods with trademarks or patents, upon import of which to Russia, for example, the rightholder can file a claim and seize your goods. It is clear that, in this sense, intellectual property not only does not contribute to the unification of the Eurasian Economic Space, but, on the contrary, divides it.”

Continuing the idea of Anatoliy Semyonov, Paul Neo, Chief Operating Officer of the Singapore Academy of Law (SAL) and Executive Director of SAL Ventures, demonstrated the technological opportunities for markets in the Eurasian space using the example of the Asian project FLIP (Future Law Innovation Programme), a platform that unites the virtual community, co-working and accelerator for startups in the Legaltech sphere.

“FLIP cooperates with companies providing Legaltech solutions. This is beneficial for companies because they get immediate access to the market. Thus, FLIP gives startups a so-called boost. Earlier this year, we started to cooperate with the IPChain Association. We are now working to ensure that IPChain be established both in Singapore and throughout South Asia”, Paul Neo added.

Martin Roll, brand strategist, management consultant and Danish author, added that the new system of values in the digital environment is changing the thinking and approaches: “We live at a time when we need to work fast, to adapt and to keep up. I often compare it to flying an airplane. You spend a lot of time on the checklist, checking to see if everything is okay. And then, when the plane is ready to take off, you no longer have time to think about it or to turn around and leave. In business, this is the moment when you simply realize whether or not your startup will take off.”

Kadir Kurtuluş, President of the Blockchain Association of Eurasia, focused on how blockchain changes the concept of values. “I have cash. It’s valuable, but it’s just paper. All its value lies in the fact that the central banks of America have information about their value. But blockchain changes the concept of values. There are no countries in the neo-economic structure, and we should be ready for it”, the expert said.

As a result of the discussion, experts suggested that a global market for intellectual property products would soon be created in Eurasia and predicted its effectiveness and impact on the global media and information technology market.

The session was also attended by Oksana Kurochkina, Managing Partner of AK LAW for BUSINESS law firm under the Moscow Region Bar Association, Lyudmila Teselkina, General Director of KA Just Logistics, Darya Lipatova, Area Manager of Skolkovo International Acceleration, and Maksat Kalimoldayev, Vice President of the National Academy of Sciences of the Kyrgyz Republic.