IP, ICT and Innovation

Every country, regardless of its level of development, requires a strong, balanced system of intellectual property protection and enforcement to develop businesses finding innovative solutions to social problems, unique brands, and creative content. Countries perceived as having the strongest intellectual property protections are among the most economically competitive because there is a strong positive link between robust IPR protection and increased technology transfer, high-tech sector growth, access to finance, access to digital technology, jobs, and foreign direct investment (FDI). In developed countries, Intellectual Property protection is particularly helpful for Small and Medium Enterprises (SMEs) because patents help startups access financing, create more jobs, grow higher sales, and become more innovative however this may not be the case for Kenya hence the KNCCI will work with SMEs, relevant government institutions and business supporting organisations to ensure that the SMEs realise the full benefits of owning patent rights.