31st May, 2017 - 2:42 pm Categories: Intellectual Property News & Updates 0 Comments

A fund of RM 500,000 has been allocated by the Intellectual Property Corporation of Malaysia (MyIPO) for school and university students in the country to register their Intellectual Properties (IP), said Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Hamzah Zainudin.[1]

The ministry had been strongly encouraging the students to be creative and to patent their products before being commercialized. “The cost to register intellectual properties is very high, which is RM 1,500 and that is why we are allocating a special fund. We will assess all applications to register the intellectual properties via a new application.” he told[2] reporters after the closing ceremony of ‘IP Funtastic’ programme at SMK Sungai Bayor near Selama on April 29, 2017.

‘IP Funtastic’, the two day programme which was organized by MyIPO, aimed at creating imaginative and tech-savvy capitalists and saw a total of 30 students from various schools of the country participate in it. Students as well as teachers were exposed to application design technologies and websites via coding to develop their own IPs during the course of the programme. The same were then uploaded to ‘IP for Youngsters’, a portal and mobile application that gathers creative works by students in the country.

REFERENCES

[1] BERNAMA. “MyIPO Allocates RM500,000 For Students To Register Intellectual Properties”. bernama.com. http://www.bernama.com/bernama/v8/ge/newsgeneral.php?id=1351874 (accessed 22^nd May 2017).

[2] BERNAMA. “MyIPO Allocates RM500,000 For Students To Register Intellectual Properties”. bernama.com. http://www.bernama.com/bernama/v8/ge/newsgeneral.php?id=1351874 (accessed 22^nd May 2017).