Patent Applications In Malaysia
While NSU and MaGIC are governmental owned entities, Futurise is not. As a private entity that oversees the development in Cyberjaya, come up with a solution by having a physical space to bring various digital ecosystem players together to ideate, to co-create and introduce win-win scenarios into the Malaysian market. This sort of initiative has been implemented in a non-digital space before inMalaysia. One example is the Aerospace Malaysia Innovation Centre, (AMIC) established as an industry-led innovation centre created for the purpose of enhancing Malaysia’s aerospace industry competitiveness. Since its establishment, AMIC has delivered more than 28 projects amounting up to RM45 million while focusing on Technology Readiness Level (TRL) 5 & 6. TRL is a method for estimating the maturity of technologies during the acquisition phase of a program, developed at NASA during the 1970s. Using TRLs enables consistent, uniform discussions of technical maturity across different types of technology. Their projects include those in the area of aerostructure & manufacturing, productivity improvement, virtual reality, sustainable aviation fuel and bio-sourced material. Patent Patents are among the most preferred IP rights over technological innovations. Specifically, the number of patents owned by a country is one of the main indicators for innovation intensity. It reflects the country’s capacity to exploit knowledge and the ability to translate it into potential economic gains. Therefore, indicators of patent activities are used to evaluate the country’s performance of innovation. In simpler words: the higher the number of patents, the more innovative the country.
8000
6532
6321
6245
6176
5978
6000
4000
1439
1375
1248
2000
1300
1219
0
2014
2015
2016
2017
2018
Foreign
Local
Source: Intellectual Property Corporation of Malaysia (MyIPO)
Published patent applications keep others in the industry in the know on new ideas and improvements that are being worked on. In terms of volume, Malaysia-filed patent is somewhat low relative to the country’s population and GDP. The country accounts for only 0.2% of global IP during the 2014- 2018 period, while its population and GDP accounts for 0.4% of the world’s total. However, a positive trend is Malaysia-filed, patents which is growing at a rate of about 13% per year between 2014 and 2018 as shown in the figure above. The Malaysian IP system bodes well for both local and foreign applications. However, it is apparent that most of the patent application is largely contributed by foreign applicants as compared to locals. Unlike, Japan where 80% of the IPs are owned by locals, only 19% of pattern applications are contributed by local applicants in Malaysia. This is one of many reasons why Japan is doing so well and has always been the case for Malaysia since the Patents Act 1983 and Patents Regulations 1986 came into force on 1st October 1986.
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Malaysian Technology Strategic Outlook 2019/2020 Intergration of High Technology
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