Sectors
Jurisdictions
- Australia
- Brunei
- Cambodia
- China
- Hong Kong
- India
- Indonesia
- Japan
- Laos
- Macau
- Malaysia
- Mongolia
- Myanmar
- Nepal
- New Zealand
- North Korea
- Pakistan
- Philippines
- Singapore
- South Korea
- Sri Lanka
- Taiwan
- Thailand
- Vietnam
- East Timor
- Bangladesh
- Azerbaijan
- Kazakhstan
- Tajikistan
- Egypt
- Cyprus
- Iran
- Israel
- Lebanon
- Kuwait
- Oman
- Jordan
- Bahrain
- Qatar
- Saudi Arabia
- Syria
- UAE
- Turkey
- Pacific Islands
- Russia
- France
- UK
- Canada
- USA
- Latin America
- Africa
SMEs Advised to Trade IP
Issued: December 06 2013Is a lack of engineers holding Hong Kong back from being a great IP trading hub? Possibly, according to speakers on the second day of the Business of IP Asia Forum in Hong Kong
If you want to trade successfully in patentable IP rights you need to understand them, speakers said. Phil Fu, vice president of the WTOIP Research Institute, said that if you want to be a good trader, you need to be a good engineer. “If you were a business major, it may be difficult to successfully trade in technical IP,” Fu said.
Hong Kong companies are great traders, but not necessarily great inventors, said Lewis Fuk, president of the Hong Kong Institute of Patent Attorneys. Hong Kong companies should play to their strengths, he commented.
Trading in IP rights can provide companies with opportunities for growth which may be quicker than developing their own IP. “Hong Kong can invent, but it takes time and resources. Purchasing and trading in IP rights can bring greater rewards more quickly,” Luk said.
The Asia IP Exchange, relaunched on Thursday, should make trading in IP rights across Asia easier.
Related Articles
- India Features in LES USA and Canada Dea...
- LESI 2016: Golden Opportunities on the S...
Around 500 IP professionals from 43 countries gathered at Beijing’s China World Hotel in May to reflect on recent IP developments in Ch...
- The Business of IP
In December, more than 2,400 IP buyers and sellers, R&D professionals, financial intermediaries and lawyers came together in Hong Kong ...
- An IP Revolution
Delegates meeting at the LESI 2017 Annual Conference were looking to the future. New innovation models, new players and new paradigms w...
- Record Attendance for Helsinki
- 22nd ASEAN IPA Conference – A Quick Prim...