UN to assist Kenya to protect intellectual property for innovators

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United Nations Headquarters In New York
Photo taken on Sept. 14, 2020 shows the outside view of the United Nations headquarters in New York, the United States. (Xinhua/Wang Ying)

The United Nations said Wednesday it will assist Kenya to protect the intellectual property of its innovators.

Arif Neky, senior advisor, United Nations Strategic Partnerships and national coordinator, Sustainable Development Goals (SDG) Partnership Platform told journalists in Nairobi that innovators tend to sell their intellectual property prematurely due to lack of cash flow and hence don’t get the full value for their assets.

Neky said that the UN will assist with government efforts to create a company that will own the patents for local innovations and which will be listed at the local securities exchange.

Neky noted that the creators will be able to sell the shares to the public in order to access the finance required to expand their operations instead of selling off their innovations at huge discounts.

The UN will also provide global expertise and support with linkages to the innovation ecosystem in Kenya. Enditem

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