Academics and entrepreneurs discuss IP commercialisation methods

National 2 minutes, 8 seconds

BANDAR SERI BEGAWAN

SOME 60 academics and entrepreneurs convened recently at a seminar to discuss the commercialisation of inventions and collaboration in intellectual property rights (IPR).

The seminar took place at the Institute of Leadership, Innovation and Advancement (ILIA), Universiti Brunei Darussalam (UBD).

Co-conducted by the Brunei Darussalam Intellectual Property Office (BruIPO) of the Brunei Economic Development Board (BEDB) and the Innovation and Enterprise Office (IEO) of UBD, it covered “collaborative and sponsored research agreements” on IPR and looked at potential routes for commercialisation.

Stephen Anderson, a patent and trademark attorney from Morcom Pernat Australia highlighted the basics of IPR and explained the importance of protecting ideas and inventions.

“As research work today tends to move towards a collaborative trend, he shared that it is highly important to cover potential IP rights which joint owners and inventors can benefit from,” BEDB said in a press release issued yesterday.

“Additionally, IPR protection would be the stepping stone to having the ability to manage, sell or license out IP rights and thus, commercialise their technology to suit an appropriate business strategy.”

Anderson had previously been invited to speak at a similar workshop held last year, when he shared patent drafting skills and spoke of commercialising IP assets for lawyers and inventors.

Meanwhile, IEO Patent Officer Nagender Aneja spoke of the appropriate timing for protecting of patents, particularly when academic results of an invention or research were published.

He also touched on the potential of patents and other types of IP in future academic research.

“To date, the UBD has filed a total of 19 applications since the implementation of the patent system in Brunei Darussalam in 2012. The research activities in UBD encompass various fields such as in the areas of energy, technology and medical improvements,” BEDB said.

“While the concept of patenting inventions is still at its infancy in the university, the steady increase of its activity is promising to its vision of being a centre of innovation.”

Proper handling and use of IPR was seen to complement efforts to develop a “national innovation ecosystem”.

“This will encourage more knowledge creation and commercialisation in science and technology, as well as creative sectors, as it will help strengthen the tangibility of their creative and innovative output. It will also play a major role in attracting foreign direct investments and encourage more opportunities for Brunei through potential research collaborations,” BEDB said.

Those seeking further information and guidance on protecting IPR were urged to contact the BruIPO at 2230111 or email enquiries@bruipo.com.bn, or by visiting its website, www.brunei-patents.com.bn.

The Brunei Times