Bilateral Agreement Signed

The Authority signed a bilateral memorandum of understanding with Steam Power Ethiopia on December 08/2022, in Addis Ababa having the objectives to increase awareness of intellectual property, facilitate the exchange of technological information covered by patents, and develop a system to ensure entrepreneurs ownership of intellectual property rights.

The MoU was signed between the Director General of the Ethiopian Intellectual Property Authority/ #EIPA, Ermias Yemaneberhan (PhD) and the country representative of Steam Power, Semeneh Keskes (PhD).

Semeneh (PhD), country representative of STEM POWER, said that the agreement will be of great benefit in spreading awareness of the concept of intellectual property so that entrepreneurs can prepare prototype for their innovative works and obtain intellectual property rights through intellectual property awareness and entrepreneurship training.

Director General, Ermias Yemanebarhan (PhD), said that since intellectual property deals with legal, technical and business issues, innovations throughout the world have great role in making the daily life of human beings much easier and better; therefore local innovators should be encouraged to surge their indigenous inventions.

One of the objectives of the establishment of the Authority is to identify technological information covered by patents and make it accessible to users. The Director General said that the Authority will provide technology information to the users of entrepreneurs and innovators under STEM power by identifying and making it accessible in the fields they need, and also by establishing a technology and innovation support center #TISC at the institution the can deliver free access to patent technology information.

As our country is a beneficiary of the World Intellectual Property Organization’s/ #WIPO system that allows developing countries access to patent technology information and scientific publications at a small cost or free of charge which developed countries do not have. It has been pointed out that the Authority will work to ensure that innovators of STEM power can take advantage of the opportunity.

The agreement encourages local innovations that are developed by the innovators who work in different centers to obtain intellectual property rights, and helps enter the market easily, stated in the signing ceremony.

After the signing ceremony, the representatives from the Authority were visiting some of innovations developed by the institute’s various centers, and tipped the inventors how they could apply for intellectual property rights.

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