Laying the Groundwork for Intellectual Property Commercialization in Malaysia

MyIPComm22 Hybrid Conference aims to raise awareness of the necessity of intellectual property commercialization across industries in order to enhance economic growth.

The Intellectual Property Commercialization Council (IIPCC) has organised the inaugural MyIPComm22 Conference on 27 May 2022 at the Asian International Arbitration Centre, Kuala Lumpur. The conference was held to discuss and address the growing need for businesses to secure their trade secrets and intellectual property in an increasingly digital, post-Covid world.

To accommodate the over 1,000 participants attending from Malaysia and around the world, the event was designed as a hybrid format with presentations, panels and roundtable discussions combined with opportunities for face-to-face networking.

The primary goal of this ground-breaking conference was to raise awareness of IP as a critical asset class for business growth and economic development, as well as to connect IP-rich companies with the financial assistance they require to expand their businesses.

Key figures and experts in the IP field discussed topics such as Traditional and Non-Traditional IP Disputes, Fintech, Non-Fungible Tokens, the Metaverse, Artificial Intelligence, IP in the IR4.0, current trends, and much more.

Keynote and panel speakers include:

• Judge Ou Xiu Ping, the Deputy Chief Judge of the Intellectual Property of the Guangdong High People’s Court and the Vice President of the Shantou Intermediate People’s Court;
• Jari Vaario, Head of Asia Patent Transactions & External Alliances, of Nokia;
• Deborah Biber, Certified Advisory Board Chair, Board Member of the Pacific Basin Economic Council (PBEC) and Chairman of the UN ESCAP Sustainable Business Network’s Digital Economy Task Force;
• XiaoBing Tang, Senior Counsellor,  Market Access Division of the World Trade Organization (WTO);
• Dato Seri Wong Siew Hai, President of Malaysia Semiconductor Industry Association-MSIA & former Vice President of Technology and Manufacturing Group of INTEL;
• Professor Chul Choi, Professor and Director of the Center for International IP and Finance of Law School of Hankuk University of Foreign Studies (HUFS);
• Gunther Marten, Former Minister-Counsellor of Embassy of the EU to China;
• Patricia Chung, the President of IIPCC Malaysia;
• Soh Eng Hooi, Forensic Accountant from EH Soh & Partners, Michael Lim from Crowe Global Consulting, and
• Bahari Yeow, Partner of Messrs GanPartnership (former Head of Intellectual Property Department of Lee Hishammuddin Allen & Gledhill-LHAG).

“We will move up the value chain with the strengthening of the IP ecosystem to attract high quality FDI, as well as advanced technology transfer. With IIPCC Malaysia being the key player within this aspect, I’m sure the IP ecosystem will thrive and in return boost confidence and attract investments to enhance domestic trade in Malaysia,” stated Dato’ Seri Alexander Nanta Linggi, Minister of Domestic Trade and Consumer Affairs.

“With the right balance between interests of innovators and the broader public interest, the IP ecosystem can foster an environment in which creativity and innovation can flourish; the idea of transforming intangibles into economic tradable assets is becoming a true reality and accessible to everyone,” he added before officiating the conference.

Well Kam, the National President of SAMENTA, says, “Understanding Intellectual Property is important for any business now because the concept itself is a crucial part of our economic system; it tags an economic value to an intangible asset. Companies and organisations can leverage this concept to scale their businesses further and cement their positions within the industry. This conference will be the door that opens to opportunities in which we can harvest IP’s potential.”

The conference, organised under MyIPComm22’s umbrella, is supported by key stakeholders such as the Small and Medium Enterprises Association (SAMENTA), the Malaysia Semiconductor Industry Association (MSIA), and the Technology Depository Agency (TDA).

IIPCC Background

The International Intellectual Property Commercialization Council (IIPCC) is a global, apolitical, non-partisan, non-profit, non-government organisation (NGO) providing a platform for the innovator, entrepreneur/enterprise and intellectual property (IP) communities to increase their understanding of IP; and to gather resources for unleashing the value and realising the commercialisation potentials of their creative and innovative IP into products, services, and or processes to benefit societies worldwide. We call this IP- Innopreneurship™.

We embrace innovation and its IP, which promotes inclusiveness and balanced, sustainable economic growth; protects the environment; directly creates quality jobs for all social strata, and improves the quality of life. This is what the value creation of IP should be and what we strive to achieve.

At IIPCC, we offer a trusted global social network that brings innovation and the business world together through IP. It facilitates the circulation of innovations and their IP in an entrepreneurial ecosystem for IP commercialisation to benefit one’s community and communities around the world.

IIPCC’s mission is to provide a balanced offering of services and activities that promote: IP education for innovators, entrepreneurs, investors, policymakers and professionals

Good IP practices and standards toward certification for effective commercialization in the regional and global markets

Innovation, entrepreneurship, networking and collaboration for shared interests in IP commercialization opportunities

IIPCC comprises a highly structured network that enables interaction and encourages innovation and commercialization at all levels: local, regional, and international. IIPCC is the first global IP commercialisation “think tank”.

Please refer to IIPCC official website for full details www.iipcc.org/malaysia