Friday, November 1, 2024

11:45 AM - 12:30 PM

Plenary Room

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Details

The landmark Treaty on Intellectual Property, Genetic Resources and Associated Traditional Knowledge, approved in May 2024 by World Intellectual Property Organization (WIPO) Member States during a historic Diplomatic Conference in Geneva, is the first WIPO Treaty to address the interface between intellectual property, genetic resources and traditional knowledge. The Treaty establishes in international law a new disclosure requirement for patent applicants whose inventions are based on genetic resources and/or associated traditional knowledge. The Treaty aims to “enhance the efficacy, transparency and quality of the patent system”, and “prevent patents from being granted erroneously for inventions that are not novel or inventive with regard to genetic resources and traditional knowledge associated with genetic resources”. With intellectual property being the backbone of commercial biomedical inventions, what does this mean for Australasia’s innovators? And how can our IP systems both support Australasian innovators while respecting indigenous knowledge? This panel discussion will discuss how the Australasian IP systems have recognised indigenous knowledge to date, mechanisms for better protecting indigenous knowledge, and solutions for integrating indigenous knowledge management within the Western IP framework.

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Speaker