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WIPO Launches New Global Awards Program For SME’s, Medium-Sized Enterprises

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The World Intellectual Property Organization has launched new global awards that will recognize exceptional enterprises and individuals using intellectual property across the globe.

The Ministry of Industry and Trade tweeted that they “received a correspondence from the World Intellectual Property Organization through the Embassy of Rwanda in Switzerland and permanent mission to the United Nations Office in Geneva informing about the awards.”

The Ministry reported that the “first round of awards will recognize innovative and creative small and medium-sized enterprises and alerted that the “deadline for application is March.”

The announcement mentions that “the winners will be invited to WIPO to receive their prizes.” 

“The Ministry of Trade and Industry would like to share this opportunity with concerned SMEs,” the Ministry’s announcement reads.

Awards 

According to WIPO, the awards will include privileges like international promotion, recognition, visibility as well as mentorship and sponsorship programs.

Who is eligible?

WIPO’s websites write that “the competition is open to SMEs worldwide and the coverage of the SME’s are those thunderuant to World Bank definition, as the enterprises that encompass up to 300 employees and up to US$1

5 millions of total annual sales.”

SME’s ranging from patents, trademarks to industrial designs and copyrights are the IPs that are categories encouraged to apply according to WIPO.

Criteria 

According to the WIPO, the judges will select SME’s accordingly with the ability to protect, manage and commercialize IP rights to achieve corporate objectives, positive impact on society and diversity of award contenders.

The nomination process will involve four different stages including open for submissions, submissions closing, jury meeting and award ceremony that will place in July this year.

About WIPO 

WIPO’s Global Awards program every year recognizes exceptional enterprises and individuals using intellectual property to make a positive impact both at home and bd their borders.

The Global awards program is rooted in WIPO’s mission to ensure a world where innovation and creativity from anywhere are supported by intellectual property for the good of everyone. The awards recognize and support those whose skills compute to progress and improve other people’s lives.

In Rwanda’s context, there is a recent interest in attracting investors to set up local manufacturing facilities and to create an environment that would enable more local manufacturing of pharmaceuticals and essential medicine.

Rwanda is also a member of the African Regional Intellectual Property Organization, an international organization that facilitates cooperation among its member states on intellectual property matters since September 24, 2011.

 

 

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Business

Flights From Dubai To Nairobi Resume

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Kenya government has lifted a ban on flights from Dubai entering its territory ending a weeks-long dispute with the United Arab Emirates.

The East African nation had imposed a ban on all inbound and transit passenger flights from the Middle East nation two weeks ago. The ban was lifted Monday midnight, offering a major relief to hundreds of travellers between the two destinations.

The ban did not however affect cargo flights that are normally flown by carriers such as Kenya Airways (KQ) and Emirates airline from UEA into Kenya.

“Kenya shall do a NOTAM lifting the suspension of flights to and from UAE from midnight tonight (Monday),’’ said Gilbert Kibe Director-General Kenya Civil Aviation Authority (KCAA).

The ban came a few days after UAE extended the Kenya flight ban after it established that travellers from Nairobi were testing positive for Covid-19 after arrival in the Middle East nation, despite carrying negative test results.

Kibe said the scheme involved a racket of private medical testing centres that colluded with travellers to issue fake Covid-19 PCR results to aid their travel.

The Ministry of Health has however launched investigations into the matter with a view to bringing to book health officials who were involved in the shoddy deal that has now coasted Kenya millions of shillings in lost passenger revenues.

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Bralirwa Shares Trading Badly On Rwanda Stock Exchange

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Since the just concluded festive season, Rwanda’s largest brewer has not been in good books with its clients as retailers repeatedly complain of lack of some products and  sometimes rationing of beers.

“It is very hard to get grand Primus beers. Every time I send someone to get them from the depot we are told that distributors  haven’t supplied,” says Christine Nyiramariza a bar owner in Gatsibo district.

Trending on twitter is a very confusing situation of Amstel beer filled in Mutzig bottles.

According to Rwanda Stock Exchange, as of Friday, the value of Bralirwa share had dropped to Rwf124.

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Business

Equity Bank Gets £37m From British Agency To Lend SMEs

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UK’s Minister for Africa, Vicky Ford MP (pictured above) said his government was extending a total of £37 million to Equity Bank Kenya for onward lending to small businesses.

“Our economic partnership is delivering impressive results, and we have some ambitious, exciting plans for the future. Plans that will deliver for Kenya, and for the UK, long into our shared future,” she said.

This money is being channeled through UK’s development finance institution British International Investment (BII) – formerly known as CDC Group. BII is a key part of the UK government’s wider plans to mobilise up to £8 billion a year of public and private sector investment in international projects by 2025.

This will include BII partnering with capital markets and sovereign wealth funds to scale up financing and help the private sector move in.

BII will prioritise sustainable infrastructure investment to provide clean, honest and reliable financing and avoid low and middle-income countries being left with bad and unsustainable debt.

Ford also stated that the UK will increase its support for green manufacturing in Kenya by providing an additional £400,000 to help Kenya build a green manufacturing industry, increasing its support to the Ministry of Trade and the wider Kenyan manufacturing sector in this area.

Green manufacturing was highlighted by President Kenyatta at COP26 as a key opportunity for Kenya to create new green jobs.

The funding through the UK’s Manufacturing Africa programme will provide expert analysis and advice on how government policy and the organised private sector can help build this industry and create new green jobs for Kenyans.

Kenya is already the third biggest portfolio for BII, with Sh42 billion investments across 83 companies. Those companies support 36,350 jobs and pay Sh2.6 billion in taxes.

“This is how we will deliver world-class projects, characterised by high standards and outstanding expertise, without forcing huge new debts onto countries such as Kenya,” she said.

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