Electronics Manufacturing Expo Asia (EMAX) reposted this
The Strategic Role of Technology Licensing in Sustainable Development MASSCI President Prof Datin Lorela Chia was the moderator at the panel discussion, "Driving Revenue: Technology Licensing as a Path to IP Commercialisation (Malaysia Focus)," held last week in Penang, in conjunction with Electronics Manufacturing Expo Asia (EMAX) and Penang Manufacturing Expo (PMAX). She also co-hosted the subsequent closed-door roundtable, a high-level strategic discussion started 2 years ago when she was co-chair for MyIPComm. Prof Datin Lorela Chia offered a sophisticated analysis on the critical link between technology licensing and sustainable development. In an era where sustainability is paramount, technology licensing stands out as a pivotal mechanism for fostering innovation while ensuring environmental and economic balance. Through strategic partnerships, businesses can share intellectual property, streamline resource use, and mitigate environmental impact. This model not only accelerates technological progress but also aligns with global sustainability goals by promoting efficient, responsible use of resources. Collaboration is the cornerstone of technology licensing, driving a more sustainable and innovative future. It requires deep commitment and genuine effort, by dedicated leaders like Patricia Chung and many others including Prof Datin, whose commitment to sustainable leadership and the founding of #MASSCI has laid a robust foundation for this collaborative ecosystem.
How do you know who to partner with if you don’t know who has what, and how to get into it? Technology licensing is the key. It allows others to use, modify, or sell technology under agreed terms. Why is this crucial in today’s world? #Licensing accelerates #innovation by spreading ideas and breaking down barriers. It drives economic growth by unlocking new revenue streams and fostering collaboration between startups and established corporations. Last Friday was deeply exciting. First, there was a game-changing panel on "Driving Revenue: Technology Licensing as a Path to IP Commercialisation (Malaysia Focus)" with industry heavyweights: 🛡 Dato Indera Ir Dr Ahmad Sabirin Arshad, President, SIRIM Berhad 🛡 Dato Seri Wong Siew Hai, President, Malaysia Semiconductor Industry Association #MSIA 🛡 Wilson Tan, AutomationSG and CEO of Linkwise Technology 🛡 Patricia Chung, President IIPCC-MY and Managing Partner, Chung Chambers We explored: 💡 Streamlining IP processes using AI technologies like natural language processing #NLP, generative & applied #AI, and upskilling talent to value-added tasks. 💡 How automation improves efficiency and drives tech licensing forward. And how sustainability indicators are integral to these processes. 💡 Best practices and innovative strategies for managing technology licenses with real-world examples like ARM Holdings' strategic licensing, Microsoft’s tiered SaaS models, Samsung's and IBM's cross-licensing. 💡 Focused IP portfolios and open innovation strategies, like Dupont selling less critical licenses and Tesla’s patent pledge. 💡 Standardisation to enhance IP value and marketability; a consistent framework that drives global adoption and trust. 💡 Navigating barriers eg lengthy filing processes, financing issues, inadequate IP protection. Celebrating failures and learning from them is critical for growth. 💡 Collaborative opportunities for Malaysia to develop technology in collaboration with countries eg UK, opening new markets, reducing time and effort and lowering risks. We also set the stage for upcoming Singapore-Malaysia collaboration, with IP grants and a strategic direction presenting exciting opportunities. Then, there was the closed-door roundtable, the continuation of a high-level strategic conversation we started 2 years ago. It's been a slow and steady journey, but the taskforce is finally set up. With SIRIM ready to offer solutions to help SMEs with development of IP, input from Singapore, expert guidance from Korea, and strong local industry players in high tech high value sectors, we've got a game plan in place and the journey continues. Good things take time, but it's well worth the effort. Together, we are driving sustainable innovation by ensuring that our technology advancements not only meet current needs but also protect and nurture our future. Malaysia Association of Sustainable Supply Chain & Innovation (MASSCI) #IP #technology #licensing #sustainability #collaboration
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