UK’s leading tech leaders have written an open letter to Prime Minister David Cameron to implement the IP law reforms recommended in the Hargreaves report.
The letter states that without reforming the country’s archaic intellectual property laws, the government won’t be able to create a Silicon Valley rival in the country.
The Prime Minister is aware of the hindrance poised by the laws and had commissioned the Hargreaves report to give recommendations on ways to reform it.
According to Channel Web, the recommendations made by Hargreaves report can be implemented in two ways: straightforward and complex.
Straightforward implementations include the licensing of orphan works and making the IP licensing more friendly towards small and medium sized businesses. Complex measures include supporting the EU’s efforts to create a Europe wide copyright system.
“If the government fails to implement these reforms, it will show Silicon Roundabout that all their supposed support has been little more than hype, and that they won't even take the simplest of concrete measures to help enable a world-class digital economy in Britain,” said Coadec chairman Jeff Lynn.
“Given the importance of facilitating economic growth in this climate and the strong potential for digital businesses to do just that, such neglect would be tragic and really rather odd,” he added.