Good innovation policy requires understanding of the regulatory impact of each policy instrument individually, as well as knowledge about the interaction of different instruments. It is therefore necessary to look at the whole spectrum available within each instrument, as well as be aware of how other instruments may be empowered or invalidated through interaction. The future of the World Intellectual Property Organisation (WIPO) will largely depend on how well it manages to incorporate the full spectrum of its own policy instruments into its operations, and how it manages to address the interaction with other fields.