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Showing posts from October, 2008

Narrow view of innovation drives proposed Ontario law

The Ontario government introduced its "Ideas For the Future Act" last week—following through on its pledge earlier this year to provide a refund of provincial income tax to university spinoff companies over their first 10 years in business.

The refund would only be available to companies incorporated after March 24, 2008 and only to companies whose sole purpose—in the opinion of the Ministry of Research and Innovation—is selling/licensing:

1) Software created by university employees or students "in the course of" their employment at the university or their academic studies. The software must constitute "a technological advancement" in the opinion of the Ministry of Research and Innovation.

2) Computer/communications/semiconductor/electronics equipment, health technology, or bioeconomy products "an essential element of which" is a patented technology wholly developed by university employees or students "in the course of" their employment a…