Business

MyIPO launches NEXTGEN plan to drive IP commercialisation and sports innovation economy

The move is to reinforce efforts to transform IP into a key economic asset while expanding its role in innovation, sports development and national growth

Updated 4 months ago · Published on 30 Apr 2026 4:51PM

MyIPO launches NEXTGEN plan to drive IP commercialisation and sports innovation economy
Malaysia’s intellectual property agency unveils its MyIPO NEXTGEN strategic framework alongside the National Intellectual Property Day 2026 celebrations - April 30, 2026

THE Intellectual Property Corporation of Malaysia (MyIPO) has introduced its MyIPO NEXTGEN transformation agenda, a five-year strategic plan aimed at repositioning intellectual property (IP) as a core driver of Malaysia’s economic development, as the country marks the National Intellectual Property Day 2026 celebrations.

The annual World Intellectual Property Day, observed on 26 April each year, is intended to raise public awareness on the importance of intellectual property protection in driving innovation and creativity.

In conjunction with this, MyIPO is organising the National Intellectual Property Day 2026 (HHIN2026) from 28 to 30 April, featuring a range of programmes and awareness initiatives to strengthen public understanding of IP.

This year’s theme, “IP & Sports: From Idea to Podium”, highlights the growing link between intellectual property and the sports industry, underscoring how modern sport is driven not only by athletic performance but also by an ecosystem of innovation supported by IP rights.

MyIPO noted that for the period 2024 to 2025, Malaysia recorded 15,350 patent applications and 115,852 trademark applications.

Of these, 118 patent applications were related to sports, while 1,812 trademark applications were associated with sports-related products and services, with 28.5 per cent originating from domestic applicants.

At the National Intellectual Property Awards 2026 (AHIN2026), 10 categories of awards were presented, recognising excellence across multiple areas of IP development and commercialisation.

The main categories included Outstanding IP Organisation for best IP management, Innovative Hero for patents, InoReka for industrial design, Brand Champion for trademarks, Creative Pulse for copyright, and Little Gem for school students.

Three special categories were also introduced, recognising IP empowerment among ministries, departments and government agencies, commercial achievement, and the best IP agent.

This year also saw the introduction of the MADANI Inspiration Award, which recognises athletes, teams and sports organisations that have successfully leveraged intellectual property in sports development.

Looking ahead, Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali said: “Through MyIPO, the MyIPO NEXTGEN transformation framework is advancing based on a strategic plan spanning 2025 to 2030.

“The plan focuses on transitioning intellectual property from a legal protection tool into a strategic national asset that drives economic growth.”

He added, the transformation is built on three core pillars: modernisation of IP legislation, digitalisation of services, and the commercialisation of intellectual property.

“It forms a key component in supporting the objectives of the 13th Malaysia Plan, which places innovation and IP commercialisation as new engines of national economic growth.”

According to the agency, the initiative is expected to strengthen local technological sovereignty while ensuring intellectual property contributes meaningfully to Malaysia’s Gross Domestic Product, in line with the broader goals of the MADANI economic framework for a more inclusive and competitive economy.

To support this ecosystem, MyIPO is also focusing on strengthening the IP commercialisation environment, including the development of certified IP valuers, expanding IP-based financing advocacy for micro, small and medium enterprises, and enhancing the IP Academy to offer internationally benchmarked courses in IP management and commercialisation. - April 30, 2026

Spotlight

Malaysia

Anwar receives warm welcome from India’s Grand Mufti at Jamia Markaz

Malaysia

Anwar confirms BrahMos missile system discussed with Modi

Malaysia

Police looking for man who kicked child in viral video (video)

Malaysia

UMNO pressure unlikely to force Anwar into early election

By Alfian Z.M. Tahir

Malaysia

Businesswoman loses RM315,963 in fake projector tender scam

World

Anwar’s Kishore Kumar rendition strikes a chord in India (video)

By Alfian Z.M. Tahir

Malaysia

15-year-old girl dies after fall from Putrajaya apartment

Malaysia

MOF: Nation recovers RM31.3b from 1MDB but still faces RM20b loss

World

A magnitude 5.1 earthquake strikes Japan’s Ryukyu Islands

You may be interested

Business

Sultan Nazrin calls for Islamic finance to rethink climate investment

Business

New ship attack report deepens fears over Hormuz, global oil supplies

Business

Budget 2027 nears final stage with high-impact sectors in focus

Business

Oil prices surge above US$107 as Middle East supply risks deepen