A commendable initiative enabling collaboration is WIPO Green, a technology exchange project facilitated by the World Intellectual Property Office (WIPO) which supports global efforts to address climate change by connecting providers and seekers of environmentally-friendly technologies. The project currently has a focus on energy and anti-pollution technologies but also covers other areas such as water and transportation. WIPO Green seeks to connect technology inventors, entrepreneurs, and companies, provide global visibility and information sharing and assist with attracting potential partners and finance.
Given the challenges of climate change and its support for the WIPO Green project, it was no surprise to see the WIPO choose 'Innovate for a Green Future' as its theme for this year's World Intellectual Property Day, on 26 April. According to the WIPO, "innovation – and the IP rights that support it [are] at the heart of efforts to create a green future".
The value of IP
Organisations of all types can leverage IP rights in the interests of a greener future. Understanding how IP adds value and how different rights may complement each other is vital in this respect.
IP provides revenue for research institutions and businesses that create it while adding to the knowledge economy more broadly. The WIPO’s Arbitration and Mediation Center estimates that the green tech market is increasing by 7% per annum, with an estimated value by 2025 of €5.9bn – and there is plenty of room for growth.
IP is an asset. It can be commercialised through sale and licensing arrangements. This generates income that incentivises further research which in turn drives further development and innovation that may benefit our planet.
Patent protection
A patent gives the owner an exclusive right to commercially exploit the patented invention for the duration of the patent's life. The owner may practice that invention themselves or collaborate with a partner to commercialise and scale up that invention. Patent protection is available for technology across sectors where inventions meet the relevant criteria for patentability. A patent is a right granted to protect an invention, including a process, device, method or product, that is new, inventive and useful.
The Pure Air Nano-TiO2 air purification technology, developed by Lion Trunk Technology, provides an example of the relevance of patents to green tech. The company has secured multiple patents for its nano-adhesive technology that breaks down air pollutants creating potentially cleaner air in our working and living environments.
Confidential information and trade secret protection
Confidential information and trade secrets can be amongst the most valuable assets available to a business. A competitive edge in the marketplace may rely on a business having certain information which its competitors do not and being able to maintain the secrecy of that information.
Treating a technological development as confidential information may be a preferable route in circumstances where an invention may not be patentable or enforceability may be challenging, such as in circumstances where it would be challenging to prove a competitor was using your invention. There are also considerable licensing opportunities for the technology transfer of valuable know-how in combination with other IP rights, including patents. This can enable developers of green technology to commercialise their know-how through a third party or via collaborative arrangements, including as envisaged by WIPO GREEN.
Examples of valuable and proprietary confidential information or trade secrets in this context include source code and algorithms for applications which track food source provenance or provide access to clean water reserves.
Design right protection
Design rights are often overlooked by businesses seeking to protect their intellectual investment in new products or new technologies.
However, complementary to other IP rights such as patents, design rights can offer particularly attractive benefits over other forms of IP right. This includes, for example, speed and simplicity of registration at a relatively low cost. Businesses should take into account that design rights may discourage copying, even more so as the increased availability of 3D printing means even complex products can be easily reproduced.
The development of the FUTURECRAFT LOOP running shoe by Adidas highlights the role designs can play in green tech. The shoes are 100% recyclable and are "aimed at tackling the problem of plastic waste, enabling a ‘closed loop’ or circular manufacturing model, where the raw materials can be repurposed numerous times".
Trade marks and certified trade marks
Certified trade marks are often an under-exploited form of IP that can help companies distinguish their products from those of their rivals. They give conscientious consumers the opportunity to "vote with their wallet" and use their buying power to engage with products or services which align with their values.