Intellectual Property Filing Fund 2.0 worth RM4 mln to benefit 2,000 entrepreneurs

Nanta (right) converses with others at the launching of the Intellectual Property Filing Fund 2.0 held at MyIPO in Kuala Lumpur today (Jan 25, 2022).

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By Nur Ashikin Louis

KUCHING, Jan 25: The Federal government has decided to offer another intellectual property (IP) filing fund amounting to RM4 million under Malaysian Intellectual Property Corporation (MyIPO) which will benefit about 2,000 entrepreneurs.

Domestic Trade and Consumer Affairs (KPDNHEP) Minister Dato Sri Alexander Nanta Linggi said the Intellectual Property Filing Fund 2.0 will be implemented for a period of four years starting this year until 2025 under the 12th Malaysia Plan.

“The fund covers fee financing for all IP component filings including costs for work that requires professional and technical services such as patent drafting.

“It is hoped that this fund can help ease the burden of local entrepreneurs and increase competitiveness through the protection of intellectual property and stimulate the national economy,” he said at the launching of the Fund held at MyIPO in Kuala Lumpur today.

The Fund is a continuation of the encouraging response from the implementation of the Intellectual Property Filing Fund 1.0 which has started in 2016 until 2020 under the 11th Malaysia Plan amounting to RM2.5 million.

During the period, a total of 1465 entrepreneurs have benefited from this fund.

Applications for the Intellectual Property Filing Fund 2.0 can be made online or in person at the nearest MyIPO headquarters and branches.

Also present were KPDNHEP secretary-general Datuk Seri Hasnol Zam-Zam Ahmad and MyIPO director-general Abdul Haris Lakar.

Nanta touring the exhibition at the Intellectual Property Filing Fund 2.0 launching ceremony at MyIPO in Kuala Lumpur today (Jan 25, 2022).

Earlier today, Nanta also shared KPDNHEP’s upcoming initiatives for this year at the virtual 2022 Malaysian Economic and Strategic Outlook Forum.

He said in order to support local businesses, the government will continue to intensify high-impact campaigns such as the Buy Malaysian Products Campaign (KBBM) and Mega Sales Programme (PJM) in the hope of seeing higher sales of Malaysian-made products.

The government is also taking a holistic approach to tackle all related factors and impacts in order to retain consumer purchasing power during periods of rising food prices such as launching the Keluarga Malaysia Maximum Price Scheme and undertaking the Keluarga Malaysia Sales Programme (PJKM) targeted at the B40 and M40 residential areas.

Others included pursuing the micro and affordable franchise development programme to elevate deserving businesses with grants to enable them to develop their own franchises. – DayakDaily