NORTHERN BUSINESS REVIEW
Thursday, March 28, 2019
Top intellectual property (IP) creators will be rewarded for their contribution to an innovation agenda intended to address South Africa’s triple challenge of poverty, inequality and unemployment.
The National Intellectual Property Management Office (NIPMO) which falls under the Department of Science and Technology is set to issue award grants to institutions for research and development that resulted in IP with commercial and/or social impact potential
NIPMO is responsible for implementing the Intellectual Property Rights from Publicly Financed Research and Development Act, 2008, which intends to ensure that IP emanating from publicly financed research and development are identified, protected, utilised and commercialised for the benefit the country.
The grants called Intellectual Property Creators’ Incentives – are to be used by institutions to advance the IP disclosures for the next stage in the innovation value chain.
The grants and certificates will be presented by Science and Technology Minister Mmamoloko Kubayi-Ngubane during a dinner tonight. – SAnews.gov.za
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The Northern Business Review is a business community newspaper that provides a platform for businesses to market their products and services, as well as build their brand, but equally important the publication provides information, advice and topics of interest, including business, entrepreneurial, economic reviews and simple ideas to grow your business. The publication has a primary objective to “uniquely” represent businesses to a wide audience across the community as well as provide a media platform of business articles and information that affect, influence and uplift the business environment within our defined geographical and cultural community.