Malaysia ranked 33 out of 131 countries in Global Innovation Index

Malaysia ranked 33 out of 131 countries in Global Innovation Index

10 Dec 2020

Malaysia ranked 33 out of 131 countries in this year’s Global Innovation Index (GII) amidst the Covid-19 pandemic.

Intellectual Property Corporation of Malaysia (MyIPO) chairman Datuk Mohamad Alamin said the country secured the position due to its exports of high technology and creative products; potential science and engineering graduates, and quality in global brand and universities.

“We should be proud with our performance in the GII this year. It is among the best achievement we had within five years.

“Moreover, Malaysia is able to maintain its second placing among 37 upper middle income countries.

“I believe that our people are creative and innovated. They must be informed and encouraged to protect their respective intellectual property,” said Mohamad Alamin in his speech which was read by MyIPO director-general Datuk Mohd Roslan Mahayudin.

Mohamad Alamin also urged those involved in trademark, design and patent to take proactive measure to register their creations under the legislation of intellectual property and commercialised their property to gain profits.

He said as of November, MyIPO had received 9,724 applications for trademark registrations.

“Last year, 56,186 intellectual property applications were filed to MyIPO and of the total, 43 per cent were local applicants.

“We have 24,933 registered intellectual properties with 35 per cent of them are local bu

“Although our intellectual property in Malaysia is dominated by the international agency, I believe there are more local businessess (intellectual property) out there have the potential to register with us,” he said.

Mohamad Alamin said there was a downward trend in terms of applications last month of 12 per cent compared to the same period last year.

He said MyIPO so far had received 44,581 applications this year with 39 per cent of them were local applications.

He believed applications would increase once the economy stabilised, adding that it had recorded 35,017 intellectual property registrations as of November, an increase of 56 per cent compared to 22,444 registered for the same period last year.

Source: NST