|IP is gr-r-reat!|
IP, unsurprisingly, has a role to play. There are multiple direct references to IP in the strategy:
- A commitment to commission research on how institutions commercialise their IP, looking licensing and spin outs, and how practices vary between different institutions (institution here generally meaning universities)
- A commitment to reviewing how the IP system maximises incentives for collaboration and licensing
- New IPO representatives in the the Northern Powerhouse and the Midlands Engine
- The role of IP in innovative public procurement
- The independent review in to the UK creative industries which will include the role of IPR
Non-UK readers may curious as to the "Northern Powerhouse" and "Midlands Engine." Every good economic spin needs a catchy name (see Asian Tigers, Celtic Tiger). [Merpel is very upset the UK monikers are no longer of the feline persuasion. She suggests instead the Northern Panther and Midlands Manx.] Northern Powerhouse refers to the economies of the North England cities of Manchester, Liverpool, Leeds, Sheffield and Newcastle; Midlands Engine is the economy of the area between the South of England and the North. The focus on these areas is likely in recognition of the need to decentralise the UK economy away from London, although Scotland, North Ireland and Wales do not seem to have received the same treatment.