The Small and Medium Enterprises Development Agency (SMEDAN) says its collaboration with the World Intellectual Property Organisation (WIPO) will ensure protection of relevant businesses within the nation’s Micro, Small and Medium Enterprises (MSMEs) sub-sector.
Director General of SMEDAN, Dikko Radda, made this known on Tuesday in Abuja while briefing newsmen ahead of this year’s World Intellectual Property Day, which will hold on 26 April.
“The collaboration between SMEDAN and World Intellectual Property Organisation will help MSMEs in the area of capacity building and other related activities, that will help the MSMEs to be fully involved in having the intellectual property of their products,” Radda said.
The SMEDAN boss expressed the need for Nigerians to ensure MSMEs benefit from intellectual property rights in order to protect their products and services.
He said the theme of the 2021 World Intellectual Property Day – ‘Intellectual Property and MSMEs taking your ideas to the market’, was in line with the Agency’s move to reposition the sub-sector for improved performance.
While listing examples of intellectual property to “include music, literature, and other artistic works; discoveries and inventions; and words, phrases, symbols, and designs,” the SMEDAN DG
explained that under the intellectual property laws, owners of intellectual property are granted certain exclusive rights.
According to the Katsina State-born Radda, whose appointment as SMEDAN DG was recently renewed by President Muhammadu Buhari, some common types of intellectual property rights (IPR) are copyright, patents, and industrial design rights; and the rights that protect trademarks, trade dress, and in some jurisdictions trade secrets.
Also speaking at the briefing, Country Representative of WIPO, Oluwatobiloba Moody, said the World Intellectual Property Day, “will shine a light on the critical roles of MSMEs in economic development.”
While saying the event will play host to panel discussions involving some major players in the MSMEs sub-sector, Moody called on relevant operators to leverage on all the activities line up for the Day to enhance their businesses.