Middle East Daily
    Hot News
    Business

    Azizi Developments partners with SAP for comprehensive digital transformation to support expansion drive

    Business

    Stc Bahrain Joins Forces with Chalhoub & Buhindi W.L.L. for “Trees for Life” initiative

    Business

    Bahrain Marina appoints CBRE Bahrain to manage retail sector and develop leasing strategy

    Important Pages:
    • Privacy Policy
    • Terms & Conditions
    Facebook Twitter Instagram Pinterest
    • Privacy Policy
    • Terms & Conditions
    Monday, September 15
    Facebook Twitter
    Middle East Daily
    • Home
    • News

      Al Jalila Foundation supports 60 organ transplant patients through “Your Donation Saves Lives” campaign

      Legends Charity Game in Lisbon to raise millions for charity

      ECAE hosts third edition of the Universities Collaboration Forum

      J-PAL MENA AT AUC CELEBRATES FIVE YEARS OF EVIDENCE POLICYMAKING IN THE MIDDLE EAST AND NORTH AFRICA

      Khalifa Fund for Enterprise Development and 42 Abu Dhabi partner to host inaugural coding bootcamp ‘Piscine’ in Al Ain Region

    • Business

      ITIDA and NTI honor top students of the first phase of the Summer Training Program

      Qualcomm and HARMAN collaborate to advance generative AI in automotive

      Capital for Securitization, a GB Capital subsidiary, achieves milestone with 40 securitization deals worth EGP 70bln

      Meraki Developers announces launch of The Haven III, an exclusive residential community in the heart of Majan, Dubailand

      Binance and Franklin Templeton to develop digital assets initiatives and products

    • Technology

      Yango Group introduces the bilingual AI assistant Yasmina in Oman

      Sony’s New NFL Coach’s Headsets are Set to Debut on the Sidelines for 2025 Season

      Player Protection in the Spotlight at SBC Summit 2025

      Ultra comfort, from sleep to workout: Samsung Galaxy Watch8 Series now available for UAE pre-orders

      Du and Huawei renew partnership to accelerate Emiratisation and digital talent development in UAE

    • Lifestyle

      Dubai’s rise as the global capital of branded residences: Documented by Provident

      Joel Corry and Imanbek to headline star-studded SBC Summit Opening Party

      Ultra comfort, from sleep to workout: Samsung Galaxy Watch8 Series now available for UAE pre-orders

      Yango Launches Enhanced Commuting Experience in Abu Dhabi and Sharjah with Transport Service

      Sony’s Ultimate Travel Tech Guide for a Smarter Summer

    Breaking News:
    • ITIDA and NTI honor top students of the first phase of the Summer Training Program
    • Qualcomm and HARMAN collaborate to advance generative AI in automotive
    • Capital for Securitization, a GB Capital subsidiary, achieves milestone with 40 securitization deals worth EGP 70bln
    • Meraki Developers announces launch of The Haven III, an exclusive residential community in the heart of Majan, Dubailand
    • Binance and Franklin Templeton to develop digital assets initiatives and products
    • Etijah Marks 15 Years of Shaping Purposeful Careers Across the Region
    • Baladna leads Qatar’s food industry sector with 82.47% in-country value score
    • Talabat hosts Academy X participants at its HQ
    Middle East Daily
    Home » Ministry Of Economy Unveils Two New Projects In The Field Of IP And Entrepreneurship To Support Financing Of Intangible Assets And Increase Patent Registrations In The Country
    News

    Ministry Of Economy Unveils Two New Projects In The Field Of IP And Entrepreneurship To Support Financing Of Intangible Assets And Increase Patent Registrations In The Country

    Share
    Facebook Twitter LinkedIn Pinterest WhatsApp

    The Ministry of Economy unveiled two new initiatives in the Intellectual Property (IP) and entrepreneurship sectors, strengthening the UAE’s efforts to develop the IP and innovation landscape and stimulate the growth of startups and SMEs in the country. The first one is the establishment of an ‘Intangible assets finance committee’ with the aim of providing necessary financial support and financing to SMEs and startups. The second project named ‘Patent Incubator’ is designed to provide a more encouraging and supportive environment for intellectuals and talents in the country.

     The announcement was made during an event organized by the Ministry, in the presence of H.E. Dr. Abdulrahman Hassan Al Muaini, Assistant Undersecretary of the Ministry of Economy for the Intellectual Property Sector, representatives of several federal and local government entities and the private sector in the country. More than 150 participants, including those from the Ministry of Industry and Advanced Technology and the Abu Dhabi Department of Economic Development, Abu Dhabi Executive Office, Ajman Department of Economic Development, Advanced Technology Research Council (ATRC), Civil Defense-Dubai, and Dubai Customs attended the event. H.E. Abdulla bin Touq Al Marri, Minister of Economy, said: “The UAE, under the guidance of its wise leadership, is committed to the development of the national entrepreneurship and intellectual property sectors in accordance with global best practices. These sectors are of strategic importance in our shift towards a new economic model based on knowledge and innovation. Therefore, the Ministry is focusing on the development and establishment of projects in the new economic sectors. The ‘Intangible assets financing committee’ and the ‘patent incubator’ projects are latest examples in this regard, and they mark a milestone in the development of the national IP landscape, providing more growth opportunities for startups. It will help enhance the UAE’s position as a leading global platform for entrepreneurship and innovation in line with the ‘We the UAE 2031’ vision. He added: “The Ministry of Economy’s latest projects in the IP Sector build further on its efforts to launch initiatives and projects aimed at enhancing IP protection, thus encouraging SMEs to grow and prosper in line with the Ministry’s strategic objectives for the sector.” H.E. Bin Touq explained that the main objective behind the establishment of the ‘Intangible assets financing committee’ is to facilitate startups’ access to essential financing. It will support their growth and address any financing challenges they may encounter, particularly during their initial years of operation. The project recognizes the value and significance of intangible assets, which serves as a crucial foundation for these companies’ eligibility to secure funding. The Minister of Economy also highlighted that the establishment of this committee aligns with the global trend that enables startups to obtain financing based on the value of their intangible assets. In addition, H.E. explained that the ‘Patent Incubator’ project deals with the documentation of the patent registration process in all seven emirates. It clarifies all roles and responsibilities involved in obtaining intellectual property rights. The project will provide support to innovators and encourage them to apply for patents, thus protecting their inventions and enhancing the value of their ideas. The implementation of the project will be a collaborative effort between MoEc and other competent authorities and organizations involved in intellectual property, scientific research, and patents in the country. The Intangible assets finance committee will offer comprehensive assistance to SMEs in the UAE, thus enhancing their competitiveness and sustainability. Additionally, the project seeks to introduce international best practices, strengthen SME-financing in the country, and facilitate the growth of their businesses. As such, the project plays a crucial role in solidifying the UAE’s position as an investment-friendly market that fosters production, growth, and venture capital practices. The ’Patent incubators’ project will contribute to boosting patent registration rate at research and innovation centers and streamline the procedure for obtaining patent rights. This project will also offer assistance to innovators, talents, and creative people by fostering collaborations with scientific research community, intellectual property rights, and SME-owners. The Ministry of Economy offers both individuals and companies the convenience of registering their patents and industrial design applications online via its official website. The registration page can be accessed by visiting the following link: https://services.economy.ae/m/Pages/CategoryServices.aspx?CategoryID=14&lang=ar-AE.This website provides a range of services, including the option to submit a request for patent registration, utility model registration, and industrial design application.

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp

    Related Posts

    News

    Al Jalila Foundation supports 60 organ transplant patients through “Your Donation Saves Lives” campaign

    News

    Legends Charity Game in Lisbon to raise millions for charity

    News

    ECAE hosts third edition of the Universities Collaboration Forum

    Business

    J-PAL MENA AT AUC CELEBRATES FIVE YEARS OF EVIDENCE POLICYMAKING IN THE MIDDLE EAST AND NORTH AFRICA

    News

    Khalifa Fund for Enterprise Development and 42 Abu Dhabi partner to host inaugural coding bootcamp ‘Piscine’ in Al Ain Region

    Lifestyle

    Wynn Al Marjan Island debuts Enclave: A destination within a destination

    News

    Ajman Transport Authority Announces Launch of Taxi-Hailing Service via The “Yango” App

    Business

    Oman’s finance and leasing sector supports economic diversification under Vision 2040

    Follow Us
    • Facebook
    • Twitter
    Top Posts
    Business

    CYPRUS’ COST-EFFECTIVE EU RESIDENCY SCHEME PROVING POPULAR WITH BRITISH EXPATS

    Following recent changes to the Greek and Portuguese Golden Visa schemes, Cyprus’ Permanent Residency Programme…

    Business

    ACT partners with WinFi to drive digital transformation in the F&B sector

    Cairo, Egypt: ACT, a leader in the ICT industry, has announced the signing of a strategic…

    Technology

    Acer Expands Chromebook Plus Laptop Lineup with New 14-Inch Model Powered by Intel Core Processors

    Acer today expanded its line of Chromebook Plus laptops with the Acer Chromebook Plus 514…

    Business

    Savola Group reports strong revenue growth and significant profit improvement for H1 2025

    Jeddah, Kingdom of Saudi Arabia – Savola Group – the leading strategic investment holding group in…

    Business

    Dubai’s Air Chateau Forms Strategic Partnership With CRISALION Mobility To Accelerate Electric Air Taxi Services In The UAE

    CRISALION Mobility, a European leader in the development of efficient, safe and sustainable electric mobility solutions,…

    Welcome to Middle East Daily, your daily dose of news and insights from the heart of the Middle East. Explore the latest headlines, delve into thought-provoking analysis, and engage with stories that define our region's narrative.

    Facebook Twitter
    Categories
    • Business (371)
    • Lifestyle (124)
    • News (130)
    • Technology (89)
    Top Insights
    Business

    ITIDA and NTI honor top students of the first phase of the Summer Training Program

    Business

    IAIDL Launches the World’s First AI Maturity Assessment Compliant with ISO

    © 2025 Middle East Daily.
    • Home
    • Privacy Policy
    • Terms & Conditions

    Type above and press Enter to search. Press Esc to cancel.