On May 5, Colombia’s Domestic Development Plan for the 2022 – 2026 term was approved. As far as IP is concerned, we can highlight the following topics:
- It establishes that when the state gives up its share over IP rights on publicly funded projects, it can now receive guaranteed profit percentage or donation with possible tax breaks.
- It establishes guidelines to design an agency as the body responsible for executing the science, technology and innovation policy through programs.
- Paves the way for the implementation of the National Open Science Policy of the Ministry of Science, Technology and Innovation.
- Creates a cost recovery fee for the services rendered by the National Copyright Office.
The Domestic Development Plan will be submitted for President Petro’s approval.