Page 832 - MOE ENGLISH PR REPORT - JANUARY 2025

1/16/25, 1:29 PM Ministry of Economy launches ‘Patent Hive' initiative to support inventors in patent registration and strengthen UAE's global competi…
from 42 months to only 6 months. The initiative seeks to increase the number of
registered patents from 4,481 to 6,000 by 2026, reinforcing the UAE's position as a
global hub for innovation.

To encourage innovation among students and young scholars, the initiative provides

a range of incentives, including reduced registration fees for students and a zero-cost
policy for young people under the age of 21. These measures aim to foster
collaboration and integration among the UAE's scientific research sectors,

universities, and small to medium-sized enterprises (SMEs).

Additionally, the initiative includes specialised training programs and technical

consultations provided by the Ministry in collaboration with the World Intellectual
Property Organization (WIPO). These efforts are focused on building capacities of
the local workforce and raising awareness about the significance of IP. The initiative

also aims to create a manual that will facilitate the coordination and joint operations
between the Ministry and the scientific research sectors, defining roles and

responsibilities to ensure the delivery of high-quality outputs.

The event also marked the signing of memoranda of understanding (MoUs) with

various universities, research centers, and participating entities to foster collaboration
and align efforts towards achieving the project's objectives. These agreements aim to
establish performance indicators for research outcomes and evaluate their impact on

increasing the number of registered patents in the country.

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