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New intellectual property lab to empower startups

By Elizabeth Adeleye
06 November 2024   |   2:50 am
The World Intellectual Property Organisation (WIPO) Nigeria Office, with support from the Japan Patent Office, has launched IP Labs 2.0 and IP for Green Innovation Projects.
WIPO

The World Intellectual Property Organisation (WIPO) Nigeria Office, with support from the Japan Patent Office, has launched IP Labs 2.0 and IP for Green Innovation Projects.

  
It was launched at an event that brought together government officials from the National Office for Technology Acquisition and Promotion (NOTAP), the Nigerian Copyright Commission and the Bank of Industry.
   
At the event, the Director of the WIPO Nigeria Office, Oluwatobiloba Moody and Director of the International Classifications and Standards Division and FIT/JP Global Manager, Kunihiko Fushimi, highlighted WIPO’s longstanding commitment to supporting innovation and creativity through IP in Nigeria.
  
Programme Officer at the WIPO Nigeria, Office, Olaronke Famuyiwa; Team Lead at the Nigeria Climate Innovation Centre, Bankole Oloruntoba and Founder of Orbra Company and Ololade Otayemi, gave an overview of the projects and their implementation plans.
    
They stated that the IP for Green Innovation project aims to build the capacity of 100 green hardware innovators with the knowledge, strategies and IP support required for successful business development and financing. The IP Labs 2. 0 programme will empower 300 innovators, entrepreneurs, and startups to harness the power of intellectual property as a business development and financing strategy. 
    
During the keynote address, Senior Special Assistant to the President on Innovation, Nasir Yammama, highlighted the need for IP frameworks to address climate change and other pressing global challenges.
    
He stressed that IP for green innovation is essential for creating sustainable solutions.

“The future belongs to creators,” Yammama said, emphasising the importance of building a robust IP environment that protects and empowers Nigerian entrepreneurs to innovate and grow. He called for IP education at all levels, noting that early awareness can lay a foundation for knowledge-based economic development.  

    

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