On June 23, 2019, the International Forum on Law and Sci-Tech was held jointly by Beihang University and University of Washington in Beijing. Mr. Bisheng SHI, partner of Zhong Lun Law Firm, attended the Forum and gave a short speech.
Attendees of the Forum included SONG Yushui, Vice President of the Beijing Intellectual Property Court, LU Zhengxin, Director of the First Tribunal of the Beijing Internet Court, SHEN Weixing, Dean of Tsinghua University Law School, Robert Williams, Lecturer of Yale University Law school, and some representatives from Tencent and ByteDance, etc.
The topics discussed at the Forum covered Improvement of Regulations on Cyberspace, Data Governance in a Big Data World, the Ethical Issues in Artificial Intelligence and Genetic Science, and Technological Innovation & Intellectual Property (“IP”) Protection.
Mr. SHI, spoke on the topic of Technology Innovation & IP Protection. Mr. SHI concluded that IP protection plays an increasingly important role in the technological innovation among private companies, stated owned enterprises and public institutions.
Firstly, for private companies, technological innovation is positively correlated with a reasonable and effective reward system, and IP protection is one crucial component of the reward system. In high tech era, most of innovations are developed by teams with substantial investments while fewer innovations are made by an individual. Private companies may not make substantial investment in R&D without reasonable return.
Secondly, for stated owned enterprises and public institutions, strong IP protection is always considered as a good reward for technological innovation. Since a considerable number of scientists and researchers work in the stated owned enterprises and public institutions, it is quite necessary to build up a reasonable reward system for them. After all, the inventors in stated owned enterprises and public institutions are essential for the implementation of the innovation-driven development strategy in China. Moreover, a lot of disputes arising from the unreasonable reward system are emerging. To resolve and avoid these disputes, the rules of IPR ownership should be improved and perfected.