
UAE to cut patent approval time for green initiatives from 2 years to 3 months
UAE has taken a host of sustainability initiatives that started with COP28 held in Dubai in 2023 and 'Green Intellectual Property' is part of the ministry's efforts to support such programmes, Dr Abdel Rehman Al Muaini, assistant under-secretary for the intellectual property sector, Ministry of Economy, said.
'So we came up with an accelerator programme in supporting any applicant who has a patent for green energy or sustainability. It will take 3 months – or a maximum of 6 months – to approve the application, instead of 1 or 2 years,' said Al Muaini.
'For the accelerator programme, there is a committee which can look into the applicant's request to waive the fee also,' he said.
Initiatives in the field of water, solar, wind and ocean energy and any other sustainability field will be supported under the 'Green Intellectual Property' initiative, Marwa Al Harmoodi, chief innovation manager and IP expert at the Ministry of Economy, said. She elaborated that this is open to all UAE residents and educational and research institutes.
The ministry said that the three-month roadmap will strengthen the competitiveness of the UAE's IP landscape and contribute to its progress and prosperity, supporting the country's directives to transition to a circular economy.
Abdulla bin Touq Al Marri, Minister of Economy and Chairman of the UAE Circular Economy Council, said they will collaborate with local environmental stakeholders in the country and the World Intellectual Property Organization (WIPO) to implement all the objectives of this roadmap, providing more enablers and opportunities to motivate inventors and creators to develop sustainable innovations and projects in critical economic areas and sectors.
Increasing the percentage of green IPs by 8%
Abdulla Ahmed Al Saleh, the undersecretary of the Ministry of Economy, said the aim is to raise the percentage of patent registrations for sustainable and environmental innovations to eight per cent of the total number of patent registrations in the country.
He invited innovators, creators, entrepreneurs, institutions, and universities to leverage the advantages offered by the new roadmap for Green IP, highlighting the competitive environment that the UAE offers in terms of IP and related activities.
The undersecretary added that the new roadmap for Green IP aims to promote the adoption of leading digital solutions and advanced technology by individuals, organizations, and companies to produce sustainable products and services that contribute to environmental conservation.
'Following this roadmap, we are keen to forge new partnerships with the academia and research centres to integrate IP into sustainable innovations and protect the rights of eco-friendly projects and innovations.'
He added that this new roadmap aims to offer the utmost legal protection for innovations, while also meeting the growing demand for eco-friendly innovations locally and globally.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Crypto Insight
8 hours ago
- Crypto Insight
$1M Bitcoin in 2026 would signal trouble: Galaxy's Mike Novogratz
Galaxy Digital CEO Mike Novogratz says a million-dollar Bitcoin next year wouldn't be a victory but rather a sign that the US economy is in serious trouble. 'People who cheer for the million-dollar Bitcoin price next year, I was like, Guys, it only gets there if we're in such a shitty place domestically,' Novogratz told Natalie Brunell on the Coin Stories podcast on Wednesday. Novogratz prefers stability over soaring BTC prices 'I'd rather have a lower Bitcoin price in a more stable United States than the opposite,' Novogratz said, explaining that severe currency devaluations often come at the expense of civil society. When a national currency falls, investors often seek alternative safe havens to protect their wealth, and Bitcoin is frequently referred to as digital gold. Crypto analyst Wolf Of All Streets echoed a similar sentiment in an interview with Cointelegraph Magazine in July 2023: 'The faster it happens, the worse the world is.' However, several Bitcoiners have been speculating on the possibility of a million-dollar Bitcoin by 2026. One of them is BitMEX founder Arthur Hayes, who said in October 2023 that he expects Bitcoin to be $750,000 to $1 million by then. He has recently been more vocal about his prediction of Bitcoin reaching $250,000 by the end of this year. More recently, Jan3 founder Samson Mow told Cointelegraph Magazine in June that Bitcoin could reach $1 million 'maybe this year, maybe next year.' Novogratz says Scott Bessent 'is failing' Novogratz also voiced concerns over the US' ongoing debt issues. He suggested that US President Donald Trump's decision to bring on Treasury Secretary Scott Bessent has not had the anticipated outcome. 'As much as I like Scott Bessent and I think he meant everything he said, he's failing at bending debt to GDP,' Novogratz said. 'The deficit is going to be higher, not lower,' he added. Novogratz is nervous about the Bitcoin treasury play Novogratz warned that the growing adoption by Bitcoin treasury companies could be turning into a bubble. 'I'm a little nervous in general that there is what feels like a frenzy,' he said, revealing that Galaxy Digital receives approximately five calls weekly from new companies adopting the asset on the balance sheet. 'At one point, that's what bubbles feel like, when the cab driver asks you about the balance sheet company,' he said. It came only a couple of months after the venture capital (VC) firm Breed shared similar concerns. Breed argued a few Bitcoin treasury companies will stand the test of time and avoid the vicious 'death spiral' that will impact BTC holding companies that trade close to net asset value (NAV). Source:


UAE Moments
a day ago
- UAE Moments
The Powerhouse of Investment
Stop Telling People to 'Just Save More Money' – Here's the Real Hot Take We've all heard it. The go-to, seemingly universal financial advice: 'Just save more money.' It sounds simple, responsible, and… frankly, a little lazy. While the intention is good, this oversimplified mantra often overlooks a crucial point and can even lead people to financial disappointment in the long run. My hot take? Your savings rate is only half the battle. The real game-changer is your investment strategy. Think about it. You diligently squirrel away every extra dollar, proud of your growing savings account balance. But what's that money doing? In today's economic climate, with inflation stubbornly eroding purchasing power, simply hoarding cash can be a surprisingly ineffective strategy. That dollar you diligently saved last year buys less this year. It's a silent erosion of your financial future. The Myth of the Mattress (and Low-Yield Savings) Stashing cash under your mattress (or in a low-interest savings account that barely keeps pace with inflation) is akin to treading water while the current pulls you backward. Your nominal balance might increase, but its real value – what it can buy – diminishes over time. Inflation is the silent thief of your savings. The Powerhouse of Investment This is where the often-overlooked 'I-word' comes in: investing. A well-crafted investment strategy, tailored to your risk tolerance and time horizon, offers the potential to outpace inflation and grow your wealth exponentially through the magic of compounding. Beating the Inflation Beast: Investing in a diversified portfolio of assets like stocks, bonds, and even real estate provides the opportunity for your money to grow at a rate that historically surpasses inflation. This is how you truly build and preserve wealth. Compounding: The Eighth Wonder: Albert Einstein supposedly called compound interest the 'eighth wonder of the world.' When your investments generate returns, and those returns are reinvested, they start earning their own returns. Over time, this snowball effect can dwarf the impact of simply saving more. Strategic Risk vs. Stagnant Safety: Yes, investing involves risk. But staying entirely in cash also carries a significant risk – the certainty of losing purchasing power to inflation. A thoughtful investment approach involves understanding and managing risk, not avoiding it altogether. It's Not Just How Much You Save, But Where You Grow So, the next time someone tells you to 'just save more money,' gently push back. Explain that while saving is fundamental, it's the strategic allocation of those savings into appreciating assets that truly builds long-term financial security. Here's the real advice: Establish a Budget: Know where your money is going. Save Consistently: Make saving a non-negotiable part of your financial routine. Educate Yourself on Investing: Understand different asset classes and investment strategies. Develop an Investment Plan: Tailor it to your goals, time horizon, and risk tolerance. Start Investing Early (Even Small Amounts): Time in the market beats timing the market. Review and Adjust: Your financial situation and goals will evolve, so your investment plan should too. Let's shift the conversation from the simplistic 'save more' to the more empowering and effective 'invest strategically.' Your future self will thank you.


Zawya
2 days ago
- Zawya
South Africa's Artisan Economy takes centre stage at the inaugural Fusion Fest 2025
South Africa's artisan economy is about to get a major boost with the inaugural Makers Fusion Fest 2025, taking place from 4 to 6 September at the Birchwood Hotel & OR Tambo Conference Centre. The event, hosted by Allan Gray Makers, will bring together 300 policymakers, entrepreneurs, financiers and artisans to address critical challenges facing the sector. At the heart of the festival is a bold vision to create a well-functioning trade entrepreneurial ecosystem, enabling responsible artisan entrepreneurs and trade businesses to thrive and meaningfully improve lives by 2035. "Our research shows the artisan economy remains one of South Africa's most untapped opportunities for inclusive growth," says Seth Mulli, programme director at Allan Gray Makers. 'This festival is where we turn insights into action." Event highlights 4 September: The Fusion Fest The opening day features discussions on ecosystem challenges. Participants will roll up their sleeves in hands-on Fusion Labs to develop solutions for funding, skills development and market access barriers. 5 September: National Entrepreneurship Inter-College Finals & TVETpreneurs Launch The Department of Higher Education and Training (DHET) will launch TVETpreneurs, a game-changing initiative to standardise entrepreneurship development across all technical colleges. Simultaneously, top students from TVET institutions nationwide will compete in the Inter-College Competition Finals, demonstrating cutting-edge technical solutions in a high-energy showdown. 6 September: South African National Artisan Awards Gala & Winners Announcement The culmination of Artisans of Mzansi will see the announcement of this year's exceptional winners, artisan entrepreneurs whose groundbreaking work is transforming industries. The gala will also host the South African National Artisan Awards, honouring lifetime achievements in the trades, along with the presentation of awards to winners of the Inter-College Competition. This elegant celebration bridges generations, connecting established masters with emerging talent while showcasing the bright future of artisanal entrepreneurship. The Fusion Fest supports Allan Gray Makers' ambitious 2035 vision of a well-functioning trade entrepreneurial ecosystem, enabling responsible artisan entrepreneurs and trade businesses to thrive and meaningfully improve lives. About Allan Gray Makers Allan Gray Makers, a programme of Allan & Gill Gray Philanthropies, fosters dignity and economic opportunity by supporting artisanal entrepreneurship. The programme invests in technical entrepreneurs who demonstrate ethical leadership, helping them build sustainable businesses that drive job creation and community impact.