Replacing Monopolies with Impact Rewards
Replacing Monopolies with Impact Rewards
Image by SilvanaGodoy from Pixabay
By Thomas PoggeSep 24 2021 (IPS)
Impact Funds would make the business of innovation more cost-effective and enable a triple win for the potential beneficiaries of innovations.
Globalized in 1995 through the TRIPS Agreement, humanity’s dominant mechanism for encouraging innovations involves 20-year product patents. Such temporary monopolies give innovators…
