Potential Economic Value of Registered Innovations

TLDR

• The Business Registration and Licensing Agency (BRELA) encourages innovators and inventors in Tanzania to register their innovations to secure exclusive rights and protect against unauthorized use.
• This call was made by BRELA Registration Officer Benedickson Willson during a press conference at the National Education, Skills, and Innovation Week event in Tanga from August 15 to 24.
• Willson emphasized that registration provides legal protection and economic value to the innovator's work, allowing them to prevent counterfeit products from entering the market.
• He noted that registered innovations can be used in business activities, including entering commercial agreements and selling rights to others for financial benefits.
• The event aims to educate the public on the importance of innovation as a tool for personal and national development, aligning with the National Development Vision 2050.