The Intellectual Property Corporation of Malaysia (MyIPO) received 223 applications for trademarks and 24 for patents and utility renewals under the expedited examination process introduced last Feb 15.
Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Ismail Sabri Yaakob said the initiative was well received as it facilitated the registration process.
The registration period for patents normally takes 26 months but under the expedited examination, it only takes 20 months while for trademark registration, which usually takes 12 months, it can now be done in less than seven months. "However, these are only for applications which are in order and without any objection being raised by the registrar," he told reporters after attending the 2011 MyIPO Excellent Service Award here.
Ismail Sabri said MyIPO received 28,833 trademark applications, including 15,832 from foreign parties last year, up from 26,370 applications during the previous year.
A total of 6,559 applications for patents and utility renewals were received last year compared to 6,464 the year before.
MyIPO also received 1,871 applications for industrial design registrations and seven applications for geographical indication products last year compared to 940 and five applications respectively in 2010.
Although the figure might seem huge, he said, the awareness among entrepreneurs to register their products for patents and trademarks was still low and in some cases, applications from foreigners far outnumbered those from the locals. -Bernama