A webinar on "Exploring the benefits of Intellectual Property Rights" was held at the EMK Center in partnership with The Business Standard.
The virtual discussion was attended by Barrister Shaleh Akram Somrat, an Advocate of Bangladesh Supreme Court and the Head of Chambers at MentorIP, and Bishwamitra Chowdhury, Chief Operating Officer of Amarlab and an Acumen Fellow, says a press release from the webinar.
"Intellectual property rights have been mentioned as one of the key factors to develop a knowledge based economy and to beat the middle income trap by The Heritage Foundation," said Aaqib Md Shatil, the program coordinator of EMK Center while explaining the context, as the moderator of the program.
According to him, the EMK Center organised this discussion to guide the entrepreneurs and innovators to explore the benefits of having intellectual property rights and the ways to preserve it.
Barrister Shaleh Akram Somrat explained the difference between the different types of intellectual property- trademark, copyright and patent, and gave a brief idea of how to apply for them. He emphasized on raising awareness about intellectual property among the law enforcement agencies and the users.
"Intellectual property rights do not protect ideas but what they protect is the representation of ideas in written, visual or performed and it secures the unfeigned business assets. It sets a business apart from competitors especially for SMEs," said Barrister Shaleh Akram Somrat.
Intellectual property rights also can be vital for enhancing the market value of a business and can enhance possible export opportunities in a business, claimed Barrister Shaleh Akram Somrat.
Bishwamitra Chowdhury, one of the co-founders of CareerKi, shared his experience of running content based business and the challenges of securing intellectual property rights while working on projects supported by grants from international agencies.
"In most of the cases people who often deal with grants do not know the nitty gritty of intellectual property and fall into problems and could not sell their products or services developed under grants," said Bishwamitra Chowdhury.
"I would strongly suggest that if someone is facing problems with intellectual property, he should consult a good lawyer because this investment is a good investment," He added.
The discussion was followed by a question and answer session where the participants asked questions based on their real life experiences and got their questions answered.