by Perpetua Mwangi
In 2009, the President of the United States (POTUS) Barack Obama launched the first Global Entrepreneurship Summit (GES) aimed at bringing investors and entrepreneurs from all around the world to showcase innovative ventures, exchange new ideas with a bid to spur economic opportunities and in turn economic development. The GES 2015 will be the sixth annual gathering of entrepreneurs at all stages of business development, business leaders, investors, mentors, and high-level government officials.
From an intellectual property (IP) perspective, the GES takes us back in time to the Vienna exhibition of 1873 when the Government of Austria-Hungary invited other countries to take part in an international exhibition on inventions. Many foreign participants were not willing to attend and exhibit their inventions at the exhibition because of the inadequate legal protection offered at that time to the exhibited inventions. The reluctance by innovators made apparent the lack of adequate protection on foreign inventions.