Innovation Inducement Prizes
Senator Sanders introduces two medical innovation prize bills in U.S. Senate to de-link R&D costs from drug prices
Submitted by James Love on 27. May 2011 - 4:53
On Thursday, May 26, 2011, Senator Bernie Sanders (I-VT) introduced two bills in the United States Senate that would de-link R&D costs from drug prices. The bill names and numbers are as follows:
KEI Technical Meeting to Discuss Innovation Inducement Prizes, June 3, 2011
Submitted by Krista Cox on 26. May 2011 - 16:34There is a growing interest in the use of innovation inducement prizes to stimulate investments in medical research and development.
- The Obama Administration and the European Commission are exploring the role of innovation inducement prizes.
- On May 31, 2011, the European Parliament is holding one of several meetings on innovation inducement prizes for medical technologies.
HIF in the European Parliament
Submitted by James Love on 11. April 2011 - 1:17Today there will be a presentation at the European Parliament on the Health Impact Fund. Below are a few earlier KEI blogs about the HIF.
Life Technologies funds seven $1 million medical innovation prizes
Submitted by James Love on 5. January 2011 - 9:13On December 14, 2010, Life Technologies Corporation, which among other things owns Ion Torrent, which sells the Ion Personal Genome Machine sequencer, announced seven new medical innovation prizes. The first three prizes are related to improvements in the Ion semiconcudtor sequencing products. Each of the three sequencer prizes is funded at $1 million, and will be awarded to contestants that can achieve the following goals:
- produce twice as much sequence data,
Development Agenda committee mandates WIPO to examine Bolivia, Barbados, Suriname and Bangladesh prize proposals
Submitted by thiru on 13. December 2010 - 7:14On Friday, 26 November 2010, the 6th session of the WIPO Committee on Development Agenda and Intellectual Property approved a project entitled "Project on Open Collaborative Projects and IP-Based Models". As mentioned in KEI's previous posting on this subject, this project endeavors to implement Recommendation 36 of the Development Agenda which states:
CDIP6: Bolivia's intervention on WIPO's proposed project on 'Open Collaborative Projects and IP-Based Models'
Submitted by thiru on 25. November 2010 - 5:5125 November 2010
The fourth day of WIPO's Committee on Development and Intellectual Property(CDIP6) has witnessed a rich discussion on how to implement Recommendation 36 of the WIPO Development Agenda which states:
Recommendation 36 (Cluster D): To exchange experiences on open collaborative projects such as the Human Genome Project as well as on intellectual property models
Notes from EU Parliament meeting on innovation+access for medical technologies
Submitted by James Love on 18. November 2010 - 5:42Today I am attending a meeting at the European Parliament on new models of innovation for medical technologies. The event was organized by three MEPs, Thijs Berman, Eva Joly and Carl Schlyter, in collaboration with the European Parliament Working Group on Innovation, Access to Medicines and Poverity-Related Diseaes, and several consumer rights, public health and development NGOs (TACD, Health Action International, KEI, Oxfam and IQsensato).
The Energy Independence and Security Act of 2007 Innovation Inducement Prizes
Submitted by James Love on 3. October 2010 - 9:36On December 19, 2007, the The Energy Independence and Security Act of 2007 was enacted as Public Law 110-140. The Act created two new innovation inducement prizes to stimulate innovation in the field of energy:
- The H-Prize, which is designed to advance the research, development, demonstration, and commercial application of hydrogen energy technologies.
- The Bright Tomorrow Lighting Prizes, which deal with energy efficient solid state lighting.
Quotes on prizes and patents
Submitted by James Love on 29. September 2010 - 10:35The day, we apprehend, is coming when the whole system of patent granting will be done away with. The genius of the inventors will be directly rewarded by a bounty from Government, if his invention be of value; and if valueless, if will not have the prestige of a patent to disguise its vanity. We much doubt if the true policy of the public, and of the inventor, too, does not directly point to the abrogation of all protection laws. New York Times, October 16, 1851.
The Carbon Dioxide Capture Technology Prize
Submitted by James Love on 25. March 2010 - 12:17Senators Barrasso, Bingam and Enzi have proposed a prize fund for "competitive technology financial awards for carbon dioxide capture from media in which the concentration of carbon dioxide is dilute." This bill is is now being proposed as an amendment to an energy bill that might see some action this year. A few things to highlight.
- First, the prize requires that:
"an applicant shall agree to vest the intellectual property of the applicant derived from the technology in 1 or more entities that are incorporated in the United States."
