The Vietnam Intellectual Property Research Institute (VIPRI), under the Ministry of Science and Technology (MoST), coordinated with its partners to host a conference on November 23 in Ho Chi Minh City to discuss the need for legal consultancy on intellectual property (IP) for innovative startups and sci-tech firm.
The event was a follow-up to a similar one hosted in Hanoi on October 18 as part of the framework to support the market development of innovative startups that was approved in Decision No.844/QD-TTg by Prime Minister Pham Minh Chinh in May 2016 and implemented by the MoST.
The conference was attended by representatives of innovative startups, sci-tech enterprises, startup support organisations, universities, research institutes, IP service organisations, and other units under the MoST.
Discussions centred around the role of IP and industrial property information for innovative startups and sci-tech enterprises, proposals and recommendations on the effective use of industrial property information results, and tools for tapping into industrial property information to benefit startup activities.
Other topics were related to financial support policies from the National Technology Innovation Foundation Fund, support activities to enable the ecosystem to develop, and lessons from other countries to support innovative startups.
Dr. Nguyen Huu Can, from the VIPRI, said that the three most valuable forms of IP assets are customer databases (42 per cent), product technology (40 per cent), and research and development information (23 per cent) – based on a survey of 314 senior-level business managers in China, France, Germany, Singapore, the United Kingdom, and the United States who work in consumer goods and retail, finance, energy, and natural resources.
“IP assets play an important role for businesses. Those that own them generate an average revenue per person that is 20 per cent higher than those that do not,” he noted.
At the event, experts also gave legal consultancy about IP to startups and sci-tech companies, and discussed issues related to finance, intellectual property valuations, and more.
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