KUALA LUMPUR: A complete of RM4mil has been allocated for the Intellectual Property Filing Fund 2.0 beneath the Malaysian Intellectual Property Corporation (MyIPO) for a four-year interval from this 12 months till 2025.
Domestic Trade and Consumer Affairs Minister Datuk Seri Alexander Nanta Linggi stated the fund, which is beneath the twelfth Malaysia Plan, is predicted to learn 2,000 entrepreneurs, particularly the small and medium enterprises (SMEs).
“The fund covers fee financing for all intellectual property components filings, including cost for work which requires professional and technical services such as patent drafting.
“It is hoped that this fund can help ease the burden of local entrepreneurs and, thus, increase their competitiveness through the protection of intellectual property and stimulating the national economy,” he instructed reporters after launching the fund on the MyIPO Intellectual Property Academy right here Tuesday (Jan 25).
Nanta urged extra entrepreneurs to make the most of the fund’s supply to amass unique rights to their manufacturers, sample, design and works.
He additionally urged entrepreneurs to make sure that the registered intellectual property was absolutely exploited in order to generate returns for entrepreneurs and additional enhance the home economic system.
The Intellectual Property Filing Fund 2.0 is a continuation of the encouraging response from the implementation of the primary sequence, which was from 2016 to 2020.
During that interval, a complete of 1,465 entrepreneurs had benefited from the fund.
In the meantime, Nanta stated the MyIPO recorded a rise in intellectual property purposes final 12 months, with 58,079 in comparison with 50,894 in 2020.
“Of the total, 21,275 were local intellectual property applications, with an increase of 5.8% compared to 2020,” he added. – Bernama
