NanoMalaysia and MyIPO Ink Partnership On Technology Program
14 December 2021
NanoMalaysia Berhad (NMB) and the Malaysian Intellectual Property Corporation (MyIPO) have signed a Memorandum of Understanding (MOU) for the Technology and Innovation Support Center (TISC) initiative.
The initiative provides a platform for MyIPO to conduct and organize IP training programs, such as patent searches, patent writing, IP commercialization, and IP marketing, in collaboration with the World Intellectual Property Organization (WIPO).
These training sessions will be led by WIPO-appointed specialists in the field of intellectual property from the United States and Europe, who will use WIPO-approved modules and discuss "best practices" from across the world.
"We understand that the TISC program, initiated by the World Intellectual Property Organization (“WIPO”), is designed to provide research institutions and innovators in developing countries with access to high-quality technology information and related services" says Teo Bong Kwang, a senior partner and head of the patent department and litigation at Wong Jin Nee & Teo in Malaysia. "The TISC program has been put in place in Malaysia since the fourth quarter of 2015. The TISC program is coordinated by the so-called “National Focal Point” which is MyIPO in this case. The role of the National Focal Point includes identifying potential and suitable “Host Institution” (“HI” ) to join the TISC program. Through this TISC program
and other related services and resources provided by WIPO and MyIPO, the HIs will be equipped to assist local innovators in areas such as (i) access to IP-related publications and resources; (ii) searching and retrieving of relevant technology information and (iii) IP commercialisation and IP marketing. Moreover, under the TISC program, various training in the field of intellectual property is provided by the relevant experts from countries such as the United States and other European
He adds, "As far as we know, there is currently 16 HIs in Malaysia consisting of public and private educational and research institutions, which are at the forefront of innovation and technology. By entering into this MoU with MyIPO, NMB has become the 17th HI in Malaysia participating in this TISC program. We verily believe that the implementation of the TISC program will provide enormous assistance and stimulus to the innovative capability of Malaysian innovators. This assistance may take the form of financial aids to spur local innovators to fully exploit their creative potential as well as expert guidance in managing and protecting their intellectual property rights. We agree with NMB’s view that this collaboration is a great opportunity to stimulate innovative activities and create greater awareness and actual protection and strategic deployment
of intellectual property rights.
He adds that it is hoped that NMB being the key nanotechnology commercialisation agency in Malaysia will be able to leverage this TISC collaboration to monetise intellectual property jointly developed with relevant parties such as start-ups, small and medium enterprises and universities in the field of nanotechnology. Further, it is believed that the TISC program, by enabling easy access to fully-integrated technological information, will help to eliminate unnecessary waste or repetition of technological researches.
"In this way, it will create an innovation ecosystem whereby optimum deployment of research resources will be achieved," he says. "It will also pave the way for more proficient and skilled patent searchers and better drafting of patent specifications which will lead to an increase in successful patent registrations, both domestically and internationally.
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