Where Creativity Transformed into Wealth
We make your creativity matters by guiding you through the process from A-Z on Intellectual Property protection, commercialization and wealth creation
We make your creativity matters by guiding you through the process from A-Z on Intellectual Property protection, commercialization and wealth creation
Invention is a solution to a specific problem in the field of technology. An invention may relate to a product or a process. Innovation is ‘doing things differently having an impact’.
Invention is a solution to a specific problem in the field of technology. An invention may relate to a product or a process. Innovation is ‘doing things differently having an impact’.
Intellectual Property is a set of legally enforceable rights emanating from intellectual creativity in the fields of industrial, scientific, literary and performing arts. Intellectual property is divided into two categories, “industrial property” and “copyright.”
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IP commercialization is an important way in which IP contributes to the knowledge economy. IP is a “power tool” for economic development and wealth creation. IP value can be generated through royalty income. Royalties represent future revenues in exchange for the exploitation of the IP right.
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A patent is a document, issued, upon application, by a government to an inventor by which the inventor is given statutory right to exclude others from making, using or selling the invention for a specified period of time. A patented invention may not be commercially exploited in the country by persons.
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We should protect IP due to three main reasons, namely to safeguard creators, to foster creativity and innovation and to stimulate innovation.
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Inventors who wish to protect their IP should make a formal request to the Director General of National Intellectual Property Office along with an application to a specified format. If IP rights are granted, his/her IP is protected withing Sri Lanka.
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An invention must meet the following criteria if it is to be eligible for patent protection.
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