How SMEs make use of intellectual property to commercialise their products and services
- April 26 is World Intellectual Property Day with ‘IP & SMEs: Taking your ideas to market’ the theme for 2021
- SMEs can use intellectual property (IP) rights to build stronger, more competitive and resilient businesses
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Hong Kong’s 340,000 plus SMEs form the backbone of the city’s economy. While they have an edge in creativity, innovation, versatility and flexibility, transforming their creative ideas into market success require the legal protection that IP rights offer.
The true value of IP
Director of Intellectual Property David Wong explains that different types of IP rights can enhance the true value of businesses. “Trade mark law protects brands and business goodwill, while patent law protects your R&D output. A registered design protects the unique appearance of your products, and copyright protects original works in literary, artistic and musical fields, as well as films, broadcasts, cable programmes. We offer support and training programmes to SMEs in the areas of registration, legislation and promotion to help them protect and utilise their IP rights.”
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