Page 450 - MOE ENGLISH PR - MAY 2024

5/28/24, 2:39 PM UAE and United States sign MoU to strengthen collaboration and share knowledge in the field of intellectual property rights protect…
Intellectual property protection is a priority in the UAE’s economic agenda. The country
provides all enablers in support of fresh entrepreneurial ideas and innovations, enabling

them to establish their businesses and grow them into profitable ventures in the UAE.

Entrepreneurs can also benefit from robust technological infrastructure and a range of
distinctive and inclusive residence programs tailored for entrepreneurs, investors, and

talented individuals. Additionally, the UAE has enacted three comprehensive laws that are
specifically designed to regulate and protect intellectual property rights. These are: the law

on the regulation and protection of industrial property rights, the law on trademarks, and
another one on copyright and neighbouring rights.

The Ministry of Economy had launched a new comprehensive intellectual property system

in February 2024. This system includes 11 initiatives that cover all intellectual property
applications, in line with the UAE's vision to transition into an innovative and knowledge-

based economic model, as well as promote research and development.

The Ministry of Economy has made great strides in its efforts to regulate the issuance of
patents, improving its efficacy in attracting talents and creators of ideas and fostering

scientific research. As part of its new system, the Ministry launched the Patent Hive

initiative, which aims to increase the rate of patent approvals and stimulate innovation by
offering support to inventors and talented individuals seeking patents within the country.

The initiative has set a target of reaching 6,000 new patent registrations by 2026 through
collaboration with research and academic institutions. Additionally, it seeks to raise

awareness on the significance of documenting ideas and inventions.

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For further information, please contact:

Orient Planet Group (OPG)

Email: media@orientplanet.com
Website: www.orientplanet.com

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