Minutes - TRIPS Council - View details of the intervention/statement

H.E. Ambassador Dr. Walter Werner
12   INTELLECTUAL PROPERTY AND INNOVATION: THE SOCIETAL VALUE OF IP IN THE NEW ECONOMY – IP AND NEW BUSINESS

407.   Our delegation thanks the delegations of Australia, the European Union, Japan, Republic of Korea, Switzerland, Chinese Taipei and the United States for the document on intellectual property and innovation. 408.   Chile views intellectual property as a tool for the promotion of technological innovation and the transfer and dissemination of knowledge, to the mutual advantage of producers and users of technological knowledge and in a manner conducive to social and economic welfare and to a balance of rights and obligations. 409.   In this context, we believe that intellectual property plays a role in the creation of new undertakings that base their focus on intangible assets. The dynamic shift in trade towards a model focused on the knowledge based economy continues to heighten the importance of measures that promote the creation and sustainability of this type of undertaking. 410.   In this light, and on the basis of the three questions posed in document IP/C/W/648, we would like to share with the TRIPS Council some information and statistics regarding public initiatives and policies aimed at facilitating the creation of undertakings and businesses in Chile. 411.   In statistical terms, and according to information provided by the Start-up Chile programme, there are currently around 1,300 start-ups that were created under this programme, more than 50% of which are active and which are valued at USD 1.4 billion. The Start-up portfolio is a colourful one, covering areas such as big data, biotechnology and the Internet. According to the 2016 Global Entrepreneurship Monitor report on Chile, there has been a sharp rise in innovation and development transfer from universities since 2015. 412.   Regarding specific regulatory measures conducive to the creation of new undertakings, we would like to tell you about some initiatives that have been introduced: 413.   First of all, we have the "Your Business in One Day" initiative (Tu Empresa en un Día), which, through a single web portal, seeks to facilitate the creation of businesses by eliminating costs and reducing the amount of time it takes to set up an enterprise. The initiative, introduced by the Ministry of Economy of Chile, has achieved excellent results. Today, entrepreneurs and innovators can set up their businesses without seeking legal advice or paying notary fees, and do not need to waste time dealing with the Internal Revenue Service. 414.   The second initiative was introduced by the General Directorate of International Economic Relations of the Chilean Ministry of Foreign Affairs and is aimed at Chilean exporters. Under this initiative, exporters of goods with a high technology content and those in creative industries receive training on aspects of intellectual property that should be taken into account when exporting goods to third countries. To this end, fact sheets have been produced on the main aspects of intellectual property systems in export markets. This initiative has enabled Chilean exporters to better understand the importance of considering intellectual property related aspects when exporting. 415.   The third initiative is the Start-up Chile initiative, a business accelerator created by the Chilean Government to encourage a high level of innovation based entrepreneurship using Chile as a platform. Start-up Chile is the leading accelerator in Latin America and among the top ten accelerators worldwide. It has the largest and most diverse community of start-ups in the world. Start-up Chile has changed the vision of entrepreneurship at global level. Since its creation, around 50 other countries have introduced similar programmes. 416.   Lastly, a draft law has been presented to incorporate the acquisition of start-ups as a tax incentive. This measure reflects the importance of technology transfer hubs, the mission of which is to protect technologies at global level and transfer the technological developments generated in universities and centres of technology off campus, either to businesses or to generate new spin offs. The measure also seeks to boost private investment in innovation.3 417.   We would like to finish by showing you a specific example of a new business that is based on intellectual property. The video you are about to see tells the story of Luis Cheul whose passion for music led him to invent the smallest electric bass guitar in the world. Thanks to his invention, he established links with the Wing Instruments company, which now sells his product throughout the world.4

The Council took note of the statements made.
50.   The Chair said that the item "Intellectual Property and Innovation: The Societal Value of IP in the New Economy – IP and New Business" had been put on the agenda at the written request by the delegations of Australia; the European Union; Japan; Switzerland; the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu; and the United States of America. Since the circulation of the revised draft agenda, Brazil had co-sponsored the item. Those delegations had also submitted a communication on this topic (circulated in document IP/C/W/648 and addendum) to allow Members to prepare for the discussion.
51.   The representatives of the United States of America, Switzerland, Australia, Chile, Japan, the European Union, Norway, Brazil, Singapore, India, Chinese Taipei, Canada, China, South Africa and Colombia took the floor.
52.   The Council took note of the statements made.
IP/C/M/90, IP/C/M/90/Add.1

3 Video Start Up Chile - http://www.startupchile.org/es/sobre-nosotros.

4 Video Inventando Chile - https://www.youtube.com/watch?v=Cx5l1TPVQCE.