New project of law for the participation of private capitals in public Research & Development projects in Peru

By Francisco Espinosa Bellido, Francisco Espinosa Bellido

The one article project provides the changes necessary on the current legislation in force that would allow regional governments from Peru to sign cooperation agreements with private companies in order to fund and/or execute such kind of projects in the corresponding region. If such project is finally passed into law, it will require further legislation to provide its specific regulation.

Such projects would still need to receive the prior approval of the Public Investment National System – SNIP, as it occurs now with infrastructure projects.

As the project mentions in its exposition of motives, private investment and participation in the execution of R&D projects is crucial to improve the low levels of technological preparation and innovation that Peru obtains as a country, and which affect our current competitiveness ranking.

It is also mentioned on the project that such low levels of technological preparation and innovation are reflected in the low number of patents obtained by Peruvian resident, either persons or companies.

In our opinion, it would be very positive that this project is passed into law, and it would also be in accordance with the objectives of the National Plan of Science, Technology and Technological Innovation, 2006 – 2021.

Espinosa Bellido Abogados

The Industrial Property work of Estudio Francisco Espinosa Bellido Abogados started in 1941 with Dr. Francisco Espinosa Sánchez, father of current senior partner Dr. Francisco Espinosa Bellido and grandfather of current partner Dr. Francisco Espinosa Reboa.

In its 69 years of outstanding legal work the firm has represented the interests of several national and international clients, companies and foreign correspondents obtaining and defending their industrial property rights in Peru, while also displaying an active and remarkable participation in the direction of professional associations in our speciality.

We specialize in counselling, prosecution and litigation in trademarks, patents, trade names, slogans, industrial designs, copyright, domain names, enforcement of those rights as well as unfair competition.

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