Friday, 19 April 2024
22.7 C

The value of IP for industrial development

Home Manufacturing & Processing The value of IP for industrial development

THE Council for Scientific and Industrial Research (CSIR) has urged innovators and industry to maximise and explore the value of intellectual property (IP) to fast track ideas to the market for the benefit of society.

The organisation did this at a webinar it hosted recently, also calling on South Africa’s researchers, innovators, and businesses to partner with it to develop and commercialise products and technologies.

The webinar focused on the role of IP and small, medium and micro enterprises (SMMEs) in taking ideas to the market. The event, hosted as part of the CSIR’s 75-year celebrations, aimed to highlight the importance of understanding the legal and regulatory framework for effective IP exploitation, close the gap between research and the market, and converting IP into commercial enterprises.

The CSIR event was in line with the World IP Day 2021 theme, “SMEs & IP: Taking your ideas to market”. This recognises that SMMEs are the backbone of national economies and make up a large percentage of job creation, which can be fostered using IP.

The CSIR, said that as a research organisation, believes that IP plays a critical role in encouraging creativity and innovation in the country. The organisation recognises the role that SMMEs play in the economy and is committed to supporting them.

The CSIR Strategy invites collaboration with universities, communities and entrepreneurs by providing access to scientific infrastructure and expertise across the value chain.

Over the years, through its Biomanufacturing Industry Development Centre (BIDC), the organisation transferred 109 products to 37 SMMEs. The BIDC has seen more than 300 unique applications from SMMEs in the area of biomanufacturing.

Products and technologies include speciality chemicals, biotechnology products with applications such as laboratory reagents or eco-friendly cleaning products, nutritional foods, cosmetics focusing on indigenous natural product-based ingredients and biopharmaceuticals.

Support to the 37 companies included developing and validating manufacturing technologies for products, including scale-up, piloting and techno-economic assessment, and initial contract manufacture to enable companies to test the market.

This support was enabled through funding from the Jobs Fund and the Department of Science and Innovation as part of a national drive towards job creation and sustainable impact through innovation.

The recently launched Photonic Prototyping Facility also provides the necessary infrastructure, skills and expertise for the prototyping and product development of photonics technologies, which will lead to competitive offerings being available for transfer to established industry and new or emerging SMMEs.

The organisation further called on South African scientists, researchers, engineers, industries, SMMEs, and entrepreneurs and investors to use this facility to develop photonic-related products.

Most Popular

R3.4bn multimodal Bayhead terminal a leap in the right direction for Durban Port

THE 640,000 sqm Newlyn PX Bayhead Rail Terminal was officially opened by President Cyril Ramaphosa on a visit to eThekwini on 4 April. It...

Sites on the N3 to be first in network of off-grid electric truck charging stations

ZERO Carbon Logistics, a subsidiary of Zero Carbon Charge, is developing 120 solar PV electric truck charging sites on national highways across South Africa....

President praises upgraded Pinetown packaging plant

ON a visit to KwaZulu-Natal on 4 April, President Cyril Ramaphosa officially reopened Tetra Pak’s plant in Pinetown following an upgrade and expansion programme...

Tapping into young STEM potential in eThekwini

THE Water and Sanitation Unit of eThekwini Municipality hosts a biennial student conference to raise awareness in the fields of Science, Technology, Engineering and...