Page 843 - 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…
H.E. Abdullah Ahmed Al Saleh, Undersecretary of the Ministry of Economy, emphasised that, under the visionary
guidance of the UAE's wise leadership, the country has made significant strides in advancing the intellectual
property (IP) sector, a vital cornerstone for driving the growth of the national economy. The UAE has actively
created a conducive environment for IP protection in different fields, with a particular focus on adhering to best
global practices in patent registration and documentation. Additionally, the country has offered several supportive
enablers and facilities to foster innovation, research, and development-based initiatives.

H.E. Al Saleh said, “The Patent Hive initiative is a major step in the Ministry of Economy's efforts to promote a
conducive environment for creativity and innovation. Designed to attract individuals with groundbreaking ideas
and projects across key economic sectors, the initiative aligns perfectly with the goals of the‘We the UAE 2031'
Vision, which aims to position the UAE as a leading global hub for the new economy. Additionally, the initiative
seeks to solidify UAE's position among the top 15 countries on the Global Innovation Index (GII).”

This latest initiative comes as part of the IP ecosystem, launched by the Ministry at the beginning of last year, in
partnership with public and private sectors. This ecosystem represents a crucial milestone in UAE's transition
towards a knowledge-driven, innovation-based economy.

The Patent Hive initiative encompasses a range of strategies designed to create a comprehensive ecosystem
that streamlines the process of patent registration. The main objective of this endeavor is to reduce the time
needed for patent registration 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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