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The Role of Patent in Universities
- A patent is a right allowing an inventor to exclude others from commercially using his or her invention for a fixed period of time. Patents shall be available for any inventions, whether they are products or processes in all fields of technology, provided that they are new, involve an inventive step and are capable of industrial application. Patent as a form of intellectual property has an important role in every area of invention because it will give public access to inform regarding new technologies in order to stimulate innovation and contribute to economic growth. It will also allow the creator or owner of the patent to get benefit from his or her own work or investment. To get these benefits, Universities should set up the “Technology Licensing Office or Technology Transfer Office”, on campus or off-campus intermediaries that carry out a wide range of functions, from licensing patents to companies, to manage their research results that have potential for commercialization.
- Yadanabon University Research Journal