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Intellectual property
The Government will move to ensure the right settings and incentives are in place for intellectual property (IP) to generate greater commercial and economic benefits from our science, innovation and tertiary education sectors.
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This will involve developing a national policy for managing intellectual property for science, innovation and technology-funded research. It could be based on the model used by Canada’s Waterloo University which vests ownership of intellectual property with the researchers who create it, however we will look at how this model is best applied in a New Zealand context.
The Government will also consider how this policy will apply to the new PROs. The intention is for researchers to receive a share of the financial rewards from commercialising IP.