Leonor Magalhães Galvão believes that a stronger global intellectual property (IP) system would.

 greatly contribute to the advancement of green tech innovation. Green tech refers to the use of technology and science to minimize human impact on the natural environment, encompassing various fields like renewable energy, energy efficiency, and sustainable transportation.

The development and commercialization of green technologies are often challenging and costly. To support and encourage green tech innovation, Galvão suggests fortifying the global IP system. Such a system would provide inventors with exclusive rights to their inventions, motivating them to invest in research and development. Additionally, it would facilitate the transfer of green tech technologies between companies and countries and safeguard green tech companies from unfair competition posed by counterfeiters and imitators.

In an interview with JUVE Patent, Galvão emphasized the significance of a robust global IP system for green tech innovation. According to her, a weak and disorganized IP system may discourage innovation. Galvão believes that if the goal is to foster innovation, regardless of the field, it is imperative to establish resilient IP systems.

Galvão also discussed the specific challenges faced by green tech innovators in Brazil. She acknowledged that the Brazilian patent system is relatively new and still developing, making it difficult and costly for green tech companies to obtain and enforce their patents. However, Galvão mentioned that the Brazilian government recognizes the importance of IP for green tech innovation and is taking steps to improve the patent system.

As countries worldwide strive to develop and implement green technologies, the global IP system is gaining increasing significance. A robust IP system ensures that inventors are rewarded for their efforts, providing green tech companies with the necessary incentives to invest in innovation.

Leonor Magalhães Galvão offers exclusive insights into the importance of IP for green tech innovation:

Attracting investment: IP protection in green tech companies increases the likelihood of attracting investment.

Job creation: Successful commercialization of green tech inventions leads to job opportunities in research and development, manufacturing, and sales.

Cost reduction: Exclusive IP rights enable green tech companies to compete effectively, thereby driving down prices of green tech products and services.

In conclusion, Galvão asserts that a robust global IP system is crucial for nurturing green tech innovation. She calls upon governments and businesses to collaborate in strengthening the IP system and supporting the advancement of green technologies.