The Road to the SDGs

PURPOSE X The primary purpose of building IP capabilities is to leapfrog MCs into innovation-driven economies, while providing access to knowledge and experience, generated and developed by and with the resources of IsDB. X IsDB has a strong interest in promoting the generation of IP in the context of MCs’ efforts to create knowledge-based economies, to support the protection and use of IP rights emerging from projects supported by IsDB, and to transfer that technology into viable commercial entities. X IP has particular importance for the operations of the Transform Fund, launched by IsDB in 2018 to drive meaningful change by giving scientists, technologists and innovators the opportunity to make a difference to the world around them. X Protection of IP rights plays an important role in bringing innovative technological change, facilitating economic growth and enhancing social development. X IP is a major component of the knowledge-driven operating environment of IsDB, as well as the private partnership paradigms that IsDB has adopted. METHOD X In order to build an IP system for IsDB, the first step is to carry out a rough assessment for the current IP model and IP-related regulations. In addition, there is a need to identify IsDB departments, sections and units as well as IsDB-run or funded projects and programmes. X IsDB is working to ensure that IP can help bring innovative, effective, tailored and cost-effective solutions that each MC can implement. An indirect benefit of such an approach is local job creation as innovation is initiated, funded, developed, protected, manufactured and commoditised within the country. X IsDB is involved in many activities that have IP-related implications, ranging from financing development activities (socially and economically) to supporting STI. These activities involve both tangible and intangible assets. X Creating a strong IP system for IsDB is crucial, not only to help maximise I ntellectual property (IP) is an area of substantial importance in protecting new technologies and innovative solutions, fostering science, technology and innovation (STI) and accelerating the transition towards innovation-driven economies Building MCs' intellectual property capabilities Building IP capabilities is essential to leapfrog MCs into innovation- driven economies [ 82 ] SDGs