Page 842 - MOE ENGLISH PR REPORT - JANUARY 2025

1/16/25, 1:30 PM Ministry of Economy launches ‘Patent Hive' initiative to support inventors in patent registration and strengthen UAE's global competi…
Ministry of Economy launches ‘Patent Hive' initiative to
support inventors in patent registration and strengthen

UAE's global competitiveness in innovation and creativity

January 07, 2025 by Newsdesk 115

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The Ministry of Economy launched the ‘Patent Hive' initiative to boost the approval rate of patents, encourage
innovation, and motivate talents to submit patent applications. By reducing registration expenses and
accelerating the patenting process, the initiative aims to drive a significant increase in the number of patents
registered in the UAE, enhancing the nation's competitiveness on regional and global fronts in innovation and
creativity.

The initiative was introduced during an event organised by the Ministry of Economy, bringing together
representatives from universities and research centers to discuss strategies for supporting the initiative. The
event emphasised the critical role of public-private sector collaboration in achieving the initiative's objectives and
explored opportunities to engage students, innovators, and scientific research centers through tailored incentives
and partnerships.

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