Difference between revisions of "Team:UNSW Australia/Human Practices/Law"

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<h3>Commercialisation</h3>
 
<p>The law can grant <b>protection</b> over ‘inventions’ made by scientists. The protection the law grants can then allow the invention to be <b>commercialised</b>, and incentivises companies to <b>invest</b> in research to get a competitive advantage in the market – without fear of unmitigated copying. The law aims to <b>encourage</b> and assist <b>innovation</b>, instead of stifling it, by allowing market forces (and the scientists) to capitalise on invention.</p>
 
<p>The law can grant <b>protection</b> over ‘inventions’ made by scientists. The protection the law grants can then allow the invention to be <b>commercialised</b>, and incentivises companies to <b>invest</b> in research to get a competitive advantage in the market – without fear of unmitigated copying. The law aims to <b>encourage</b> and assist <b>innovation</b>, instead of stifling it, by allowing market forces (and the scientists) to capitalise on invention.</p>
 
<p>It also means that the research with the most <b>funding</b> is typically the research which is the most potentially <b>lucrative</b> – research which can present solutions to problems (like cancer) that affect wealthier societies who can pay more for medicine. This is as opposed to research for diseases almost exclusively present in poorer nations (like dengue).</p>
 
<p>It also means that the research with the most <b>funding</b> is typically the research which is the most potentially <b>lucrative</b> – research which can present solutions to problems (like cancer) that affect wealthier societies who can pay more for medicine. This is as opposed to research for diseases almost exclusively present in poorer nations (like dengue).</p>

Revision as of 04:04, 12 October 2018