Prepared by:
Malaysia-U.S Chamber of Commerce

Entrepreneurship Boot Camp Plan | Executive Summary

Although Malaysia doesn’t have a start-up economy yet, the desire for entrepreneurship and innovation are there, along with a growing number of public policies to support them– a good recipe to put the economy on the entrepreneurial path.
Malaysia’s relatively high entrepreneurialism is reflected in its entrepreneurship and innovation rank by the Legatum Prosperity Index: 28th out of 104 economies. Similarly, the World Bank ranks the country 23rd out of 183 economies in the ease of doing business.

While Malaysia’s entrepreneurial success stories are explained by its citizens’ entrepreneurial spirit and determination, the flourishing of young businesses is facilitated by a government that is always looking for ways to advance entrepreneurship through new policies. Perhaps the greatest example of the importance the public sector places on entrepreneurship is the creation of a ‘New Economic Model’ (NEM) for Malaysia where the Prime Minister has made entrepreneurship the key driver of the economy for the next 10 years with special emphasis on innovation and the entrepreneurial drive of its citizens.

The entrepreneurship boot camp hosted by Education Malaysia, organized by Malaysia-U.S Chamber of Commerce and supported by the state of Virginia, is designed to encourage aspiring technology entrepreneurs to launch and grow a successful business through a) provided funding b) mentorship and c) networking opportunities. The goal of this camp is to generate further interest in entrepreneurship amongst Malaysian students.

The post Entrepreneurship Boot Camp Plan first appeared on Intellectual Property Law | Joseph F. Aceto, Ph.D., Esq..

It’s been said that America is built on ideas. Intellectual property such as patents, trademarks, and copyrights creates building blocks for those ideas. So our laws are structured to encourage and nurture these ideas and offer individuals who wish to pursue these ideas a means to develop them into meaningful and gainful opportunities.

To this end, the US government has created a patent system where an inventor and the government enter into a contract that gives the patent owner a monopoly on his or her idea in exchange for a complete public disclosure of the idea. The idea can be a man-made method or device that is new and non-obvious. The hope is that the patent encourages the inventor to invest into the idea and eventually profit from it while making the idea available to the public to improve and further invent. Society benefits with individual success stories and with continued technical advancements.

A trademark identifies your product or service with you or your company. Thus trademarks are a means to brand your product or service so that it will be associated by consumers to you or your company. Individual letters, words, or logos, in combination or alone, can be used to brand the product or service. Once established the government allows the company to have unique ownership as long as they continue to use the trademark in association with their products or services. Once again society benefits since consumers will be able to easily understand the origins and quality of their purchase.

Copyrights are created to provide a means of defending an idea such as an author’s novel, an artist’s painting, or a composer’s music. Copyrights protect any idea fixed in tangible form. Under certain situations, copyright protection is even available for source code written for certain computer applications.

Each of these three general areas provides different types of protection for your idea. Application of each would depend upon the individual situation. Therefore in each of these situations, the best approach in protecting your idea so that it becomes a success in business today and in the future is to make an informed decision for each step in its development.
Working with an experienced Intellectual Property Attorney will significantly help in making an informed decision and maximize the chances of success, creating the building block foundation for your idea. We can help. Call or email us today 610-268-5330 or jfaceto@acetoiplaw.com

The post New Ideas In The New World first appeared on Intellectual Property Law | Joseph F. Aceto, Ph.D., Esq..