MyIPO Allocates Fund For students

A fund of RM 500,000 has been allocated by the Intellectual Property Corporation of Malaysia (MyIPO) for school and university students in the country to register their Intellectual Properties (IP), said Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Hamzah Zainudin.¹

The ministry had been strongly encouraging the students to be creative and to patent their products before being commercialized. "The cost to register intellectual properties is very high, which is RM 1,500 and that is why we are allocating a special fund. We will assess all applications to register the intellectual properties via a new application." he told² reporters after the closing ceremony of 'IP Funtastic' programme at SMK Sungai Bayor near Selama on April 29, 2017.