Business
NOTAP Urges Inventors To Patent Works
The Deputy Director of
Technology, Promotion and Commercialisation, National Office for Technology Acquisition and Promotion (NOTAP), Mrs Caroline Owoseni, has advised inventors and researchers to patent their works with the appropriate institutions.
Owoseni gave the advice yesterday in Abuja in an interview with newsmen on the sidelines of an interactive session organised by NOT AP with inventors.
The protection granted to inventors and researchers to protect their works from being encroached on or stolen by an unauthorised third party.
Owoseni said an inventor or researcher could generate revenue from invention if such work was protected under the Intellectual Property Rights.
“If an invention is patented, the patentee can generate some revenue from it by licensing it to investors who want to commercialise it.
“Atimes, some inventors who do not have the required money to commercialise it can grant the right to interested investors to exploit the patent.
“When such is done, the investor will pay you royalty, but when a work is not protected, no investor will be interested in licensing it from the patentee.
“An inventor may not be able to earn any value from such invention except when it is commercialised,” she said.