The Protection and Utilisation of Public Funded Intellectual Property Bill, 2008

The Protection and Utilisation of Public Funded Intellectual Property Bill, 2008 aims to protect and utilise intellectual property created from public-funded research. The bill's introduction has sparked debate in the industry, with potential benefits including enhanced innovation and commercialization. The bill is expected to have a significant impact on the industry, particularly universities and research institutions. Compliance considerations include the development of rules and regulations by the Government to ensure proper implementation of the Act. The Government will be responsible for acquiring title to public funded intellectual property in cases deemed necessary in the interest of national security.