Industries ministry has framed a draft of national intellectual property policy to promote and protect innovation and commercialisation of home-grown intellectual creations.
Officials said that the ministry would soon finalise the policy after getting opinion from stakeholders.
It has already gathered opinions from institutional stakeholders including Department of Patents Designs and Trademarks, Bangladesh Tariff Commission, law department of Dhaka University, Metropolitan Chamber of Commerce and Industry, Bangladesh Competition Commission, Business Initiative Leading Development (BUILD) and Bangladesh Accreditation Board on the draft policy.
The draft has now been posted on the website of the ministry seeking opinions from general people within this month.
They say that the draft policy proposes to form a national council on implementation of the policy to be implemented over a 10-year period.
A senior official said that the policy had been drafted taking into account the development aspirations and goals of the country, reflected in various national and sector-wise development policies, strategies and laws.
The policy would be used as a framework in the promotion of innovation and creativity, development of national IP laws and further integration of IP into national and sectoral development plans and linking the national IP system with the international IP system, he said.
The aim of the policy was to encourage innovation in the country and to use IP as a tool for the social, cultural and economic development of Bangladesh, he added.
The policy has suggested declaring the period 2018-2028 as the Innovation Decade.
As per the policy, IPR refers to the legal rights given to the inventor or creator to protect his invention or creation for a certain period of time.
To enjoy the IPR there are certain protection tools designed such as patent, copyright, trademark, industrials design, geographical indications, trade secret, layout design, plant varieties protection, utility model etc.
The objectives of the policy are to integrate IP issues in all relevant national policies, map the existing IP innovations and its valuation, encourage and foster creativity and innovation use of IP assets for the benefit of economic growth and development, promote advancement in science and technology, arts and culture and traditional knowledge.
The policy has also set six goals and some strategies to achieve the goals.
The goals include enhancing IP awareness and encouraging creativity and innovation in Bangladesh, modernising IP administration and management, creating IP and derive economic and commercial benefits from its use, strengthening the legal and legislative framework, fostering respect for IPR, protecting, promoting and managing traditional knowledge, traditional cultural expressions and genetic resources.
A national council on intellectual property, headed by industries minister, will be formed for the purpose of overseeing implementation at the national level.
Want stories like this in your inbox?
Sign up to exclusive daily email
More Stories from Miscellany