The Competitiveness Office of Abu Dhabi (COAD) at the Abu Dhabi Department of Economic Development (ADDED) has unveiled the Intellectual Property (IP) Excellence Center in order to enhance Abu Dhabi’s global competitiveness by offering a conducive environment to inventors to turn their ideas into innovative and commercial opportunities.
“The new intellectual property (IP) excellence center addresses areas of advancements at the intersection of innovation, technology, and legislations to foster an environment that boosts economic growth and attracts talent,” as per the statement.
The launch of the IP excellence center is part of ‘Abu Dhabi Innovates’, the general framework of the innovation ecosystem, which was announced in 2022 to support the capabilities of inventors, innovators, and entrepreneurs, contributing to a diversified, smart, and sustainable economy.
Rashed Abdulkarim Al Blooshi Undersecretary ADDED
“Abu Dhabi’s soaring ‘Falcon economy’ is building on our competencies in key sectors, placing digital transformation, innovation, and advanced technologies at the core of economic and social development plans to move into the next stage of our economic diversification 2.0. Therefore, supporting inventors with a comprehensive ecosystem to grow and convert their bright ideas into commercialized products and services is essential to our progress journey. We believe this IP excellence center will play a critical role in strengthening Abu Dhabi’s status as a preferred destination for talent, businesses, and investments.”
According to the statement, “The Center is committed to addressing emergent gaps; encourage and incentivize inventors and investors by developing the right frameworks policies, and initiatives to raise awareness; and support stakeholders in the IP registration and commercialization processes.”
The IP excellence center is also equipping inventors, startups, and SMEs with the necessary knowledge and tools to maintain their competitive edge, starting with legal protection for their ideas and concepts.
Furthermore, it will serve as a specialized hub within COAD focused on the effective management, protection, and enforcement of intellectual property rights.
