Page 51 - MOE ENGLISH PR REPORT - FEBRUARY 2024 ( International)

Press Release

vision to establish the UAE as a global hub for the new economy and strengthen its position among
the top 15 countries in the Global Innovation Index.

In his speech at the event, H.E. Bin Touq added: "The new system is based on four main themes,
promoting the comprehensive protection offered to intellectual property rights; reducing violations
faced by patentees and innovators; resolving disputes; and developing the services provided by the
Ministry to individuals and institutions wishing to register patents. It will be based on AI
technology, allowing enablers and facilities to support the growth of R&D-based projects, exploit
the fruits of intellectual property protection and market them as national exports to foreign
markets.”

H.E. continued: "The new system will play a prominent role in increasing the revenues of the
national IP sector by facilitating the export of advanced national products and services based on
innovation and modern technology to foreign markets. It will also stimulate the attraction of
intellectual property investments by supporting trademark registration and patents, as well as work
on technology transfer from advanced to emerging sectors by providing licenses for the use of
technology and knowledge. This will contribute to increasing the sector’s contribution to the
growth of the national economy and its competitiveness at regional and global levels.”

H.E. emphasized that the UAE recognizes the significance of establishing an integrated legislative
framework that promotes creativity, innovation and comprehensive IP protection for talented
individuals, skilled professionals, creators, innovators, and entrepreneurs in the country. These
efforts also highlight the nation’s active advocacy for IP rights protection through various
innovative and groundbreaking initiatives. To this end, the UAE has implemented a range of
economic policies and laws, including laws concerning the Protection of Industrial Property
Rights, Trademarks, and Copyright and Related Rights.

Initiatives under the new IP system

The newly launched IP system comprises 11 initiatives, all of which were thoroughly reviewed
during the event. In close collaboration with its strategic partners from various federal and local
authorities in the country, the Ministry has been diligently working to develop and implement these
initiatives in line with international best practices. These concerted efforts are aimed at further
enhancing the UAE's leading position in the Global Innovation Index.

1. Innovation Hub
This initiative offers an online incubator platform for UAE creators to provide technical guidance
and assistance with patent registration process. The initiative will be carried out in collaboration
with the Emirates Association for Talented.

2. Patent Hive initiative
This initiative aims to increase the number of patents granted and promote the participation of
innovators and talents in filing patent applications in the UAE. It sets a goal of achieving 6,000
new patent registrations in the country by 2026, in collaboration with relevant research and
academic institutions .