Top intellectual property (IP) creators will be rewarded for their contribution to an innovation agenda intended to address South Africa’s triple challenge of poverty, inequality and unemployment.
The National Intellectual Property Management Office (NIPMO) which falls under the Department of Science and Technology is set to issue award grants to institutions for research and development that resulted in IP with commercial and/or social impact potential
NIPMO is responsible for implementing the Intellectual Property Rights from Publicly Financed Research and Development Act, 2008, which intends to ensure that IP emanating from publicly financed research and development are identified, protected, utilised and commercialised for the benefit the country.
The grants called Intellectual Property Creators' Incentives – are to be used by institutions to advance the IP disclosures for the next stage in the innovation value chain.
The grants and certificates will be presented by Science and Technology Minister Mmamoloko Kubayi-Ngubane during a dinner tonight. – SAnews.gov.za