Local patents get poor response

LESS than 5% of the local patents from the private sector in the country receive sufficient funding to bring the product to commercial production stage.

Association of Intellectual Property Entrepreneurs and Organisations (AIPO) president Lok Choon Hong said about 2,000 patents were filed in the country annually to receive intellectual protection.

He said about half of these was filed by the private sector while the other half was filed by higher education institutions.

“Of the 1,000 filed by the private sector, less than 5% receive funding to bring the products successfully to commercial production.

“This is because there are less than 100 active angel investors in the country today, compared to more than 200,000 angel investors in the United States,” said Lok.

Those patents that had no problem in sourcing funding were usually those filed by the corporate sector, he said in an interview.

Busy day: Visitors booth hopping at the Intrenasionale Industrial Expo 2012 in PISA.

“There are about 7,000 to 8,000 intellectual products from overseas filing for patent protection in Ma-laysia yearly,” said Lok.

He said this after the launch of the Intrenasionale Industrial Expo 2012 at the Penang International Sports Arena (PISA) by Penang Chief Minister Lim Guan Eng.

At the event, Lok also signed an MoU with Small and Medium Enterprise Association Malaysia (Samenta) president Koay Chiew Guan to establish a platform to enhance the implementation of mutually beneficial business and investment objectives.

To help the local inventors source for funding, AIPO had recently established the Angels Investors Clubs (AIC) in Penang and Kuala Lumpur.

“The founding of AIC is to facilitate the introduction of entrepreneurs to potential investors through presentation.

“AIC members comprised high net worth individuals interested in financing private intellectual property-based companies,” he said.

Meanwhile, Lim said to provide back-up for the small and medium enterprises (SME) in Penang, the state government would soon de-velop SME Villages in the Bukit Minyak Industrial Park, Penang Science Park and Batu Kawan Industrial Park.

Internasionale chief executive officer Andrew Chan said that this year, there were 120 exhibitors, about the same number as last year’s.

“About 25% of the 160 exhibitors are foreign companies,” he said.

The three-day Intrenasionale Industrial Expo 2012 saw the latest in automation equipment and green technology available in the market.

Read more at The Star Online http://thestar.com.my/metro/story.asp?file=/2012/9/4/north/11840322&sec=North

Patent 2 Profit Advanced 3 days workshop
Modules :-
  1. Overview of the Nature and Functions of IP Rights
  2. Patents and Information
  3. Introduction to Patent Claims & Statement of Invention
  4. Practical Guide for Drafting Statement of Invention & Claims
  5. Workshop on Drafting of Patent Claim & Statement of Invention
  1. Understanding Innovation and IP
  2. Idea Creation Workshop
  3. Introduction to TRIZ
  4. Design Conceptualization
  5. Strategic Product Road Mapping
  1. Fundamentals of IP Rights: Legal Requirements & Procedures
  2. Functions of Intellectual Property Rights
  3. IP Monetisation Strategy for Small & Medium Industry (IP Owners)
  4. Strategy Workshop Session : Government Grant Workshop
  • Introduction to patent
  • What is a Patent?
  • Why do you need a Patent?
  • Case Study: How to build IP Assets?
  • Activity: What is your Patent Strategy Canvas

Break and Discussion – Which area in your business will benefit from patent

  • Introduction to Triz
  • How to Innovate Triz Inventive Principles
  • Case Study: Company that successfully apply TRIZ and example of how it helped to create new business, save cost, grow business
  • Activity: What is your Triz Strategy?

Discussion and Exercise: Apply TRIZ to create idea in your business

  • Introduction to Patented Technology
  • Case Study: Successful IP/Technology Commercialisation Case Studies From Malaysia
  • Activity: Plan your Roadmap of IP/Technology Commercialisation

Workshop and Discussion: Having a working group session to start draft patent (Generic)

× How can I help you?