Service launched to offer digital financing solutions to Saudi pensioners

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RIYADH: The Saudi Authority for Mental Property obtained 5,837 patent purposes on the home degree and from overseas in 2022, it mentioned in its annual report. 

The Saudi regulator famous that it obtained 40,287 trademark purposes from inside and out of doors the Kingdom final yr, together with 838 requests for voluntary registration of copyright works, indicating a 30.33 p.c enhance from 2021.

The authority added that 43 new names have been added to the Locarno Classification for industrial designs. 

The Locarno Classification is a global classification system used to categorise items for the needs of the registration of business designs, based on the World Mental Property Group. 

The report added that SAIP obtained 1,508 purposes for industrial designs from the Kingdom and overseas, up 7.71 p.c in comparison with 2021. 

SAIP added that it recorded 27 purposes for built-in circuit format designs, up 35 p.c from 2021. 

It was in December 2022 that Saudi Arabia’s Crown Prince Mohammed bin Salman launched the Nationwide Mental Property Technique to help the Kingdom’s financial system primarily based on innovation and creativity. 

“We have now minds and energies which can be enthusiastic about innovation and creativity, and by enabling them, the Kingdom might be a fertile atmosphere for the data financial system via an built-in mental property system that helps the event of modern applied sciences and industries and contributes to the expansion of enterprises,” mentioned the crown prince. 

The SPA report added that the Nationwide Mental Property Technique relies on 4 primary pillars: Era, administration, business funding, and safety of mental property. 

Later in December, Saudi Arabia allotted a finances of SR1 billion ($267 million) to help the technique. This fund has been agreed to be distributed over a five-year interval till 2028. 

This technique might be applied via 12 initiatives which embrace 54 initiatives, based on Sami Al-Sudais, the vp for Mental Property Insurance policies and Partnerships on the Saudi Authority for Mental Property.

He additional famous that the nationwide technique proposals are being executed by 37 governmental and personal businesses.

SAIP supplies its companies via official channels, together with its web site (saip.gov.sa), direct quantity (920021421), e-mail ([email protected]) and thru its social media accounts.

The mental property authority outlined written works as these which can be expressed in phrases of any sort, akin to books and brochures of a literary, scientific or creative nature. SAIP added that books, poems, novels, articles, speeches, dissertations, schoolbooks and references, brochures and broadcast texts are all included within the non-compulsory registration.

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