The Government resolution on policy programme on intangible value creation
The Government resolution brings together into a Policy programme for intangible value creation for 2014 to 2020: 1) central updated policy measures of the national strategy concerning intellectual property rights, 2) key policy measures promoting business and entrepreneurship in the creative industries and 3)the updated national design programme. The resolution strengthens cooperation and policy interaction in the implementation of measures.
The objective of the Policy programme for intangible value creation is to enhance the prerequisites for intangible investments, strengthen the expertise related to the utilisation of intellectual capital and intangible value creation and to promote the development of innovation-based business in Finland. The aim is also to strengthen the economic base of cultural production thus ensuring the maintenance and renewal of the nation’s intellectual capital.
https://www.tem.fi/files/39770/vnp_aineettoman_arvonluonnin_kehittamisohjelmasta_EN.pdf
The Ministry of Education and Culture and the Ministry of Employment and the Economy will develop methods for the valuation of intellectual property rights and strengthen the expertise in the valuation intellectual property rights among financiers. IPR-Institue at University of Helsinki runs the project and it will be ready by 12/2016.
Out of the funds of the Tekes fund programme for startups to be launched in 2014, one will specialise in investments in product development to be carried out in companies the creative sector. The fund will invest its funds in the development and production of individual products and services and will receive in return income in the form of royalties from their sales. The operating model guarantees that copyright and other intellectual property rights to commodities based on creative expertise will remain with Finnish producers. The aim is to involve private investors using the same principles employed in connection with other new funds by Tekes.
The objective of the Policy programme for intangible value creation is to enhance the prerequisites for intangible investments, strengthen the expertise related to the utilisation of intellectual capital and intangible value creation and to promote the development of innovation-based business in Finland. The aim is also to strengthen the economic base of cultural production thus ensuring the maintenance and renewal of the nation’s intellectual capital.
The Ministry of Employment and Economy and the Ministry of Finance will monitor and develop the uptake of new forms of funding and operating methods such as crowdsourcing, co-creation and crownfunding.
Changes in the legislation concerning crowdfunding will come into effect 7/2016.
No special state budget funding allocated to this activity at the moment.
The measure has not been evaluated yet.