Innovation Inducement Prizes

Annotated Bibliography of Articles and Books on Innovation Prizes

This annotated bibliography of (mostly scholarly and technical) articles and books on innovation prizes is a work on progress. In the past few years, there has been an explosion of research on innovation inducement prizes, much of which has yet to be added to this list. People who want to suggest citations, annotations or corrections can send a note to james.love@keionline.org. More on prizes here: http://keionline.org/prizes

2012

Senator Sanders introduces two medical innovation prize bills in U.S. Senate to de-link R&D costs from drug prices

Sanders_IMG_3442.jpgOn 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:

  • The Medical Innovation Prize Fund Act: S. 1137
  • The Prize Fund for HIV/AIDS Act: S. 1138

KEI Technical Meeting to Discuss Innovation Inducement Prizes, June 3, 2011

There 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

Today 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

On 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:

  1. produce twice as much sequence data,

Development Agenda committee mandates WIPO to examine Bolivia, Barbados, Suriname and Bangladesh prize proposals

On 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'

25 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

Today 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

On 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

The 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.

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