Stop Fake Products From Draining Your Profits: Remove Counterfeits in Shopee & Lazada

In today's booming e-commerce landscape, Shopee and Lazada are powerhouses for Malaysian businesses. But with this success comes a dark side – counterfeiting. Fake products not only damage your brand reputation but also steal your hard-earned profits. Here at Boon IP, we understand the frustration and can help you fight back.

The Problem of Counterfeits

Counterfeits hurt brand image, customer trust, and sales. Counterfeits are made with inferior materials and lack the quality control of genuine products. When customers receive an imitation, they associate that negative experience with your brand, even if they bought a fake.

Why Shopee & Lazada Removals?

Removing counterfeits on online platform is not just about protecting brands, it's about creating a trustworhy and positive experience for everyone involved. It benefits brands by ensuring a fair marketplace, protects customers from low-quality products and ultimately strengthens Shopee's & Lazada's reputation as a leading e-commerce platform.

Boon IP's Counterfeit Removal Service:

Our service involves identifying the seller and counterfeit products, crafting effective takedown notices, and handling communication with the platforms. Clients can focus on their business by saving time and effort.

Contact us for a free consultation to discuss specific needs and how Boon IP can help.

• Tel: 03-27262554 and visit website (boon.com.my).

Why Air Asia Wants to List Its Brand in Nasdaq

Air Asia, the low-cost airline based in Malaysia, has announced its intention to list its brand in Nasdaq, the US stock exchange that hosts many technology companies. The move is part of the company's strategy to monetize its intellectual property (IP) assets and diversify its revenue streams.

According to Air Asia, its brand is valued at US$1.15 billion. The company has a separate entity, called Capital A International, that will own and manage the brand and other IP assets. Capital A International will then seek a listing in Nasdaq through SPAC merger, while the airline business will remain listed in Malaysia under the name of Capital A Berhad.

But why would Air Asia want to list its brand in Nasdaq? What are the benefits and challenges of such a move? Here are some possible reasons:

- To access a larger and more diverse pool of investors. Nasdaq is one of the largest and most liquid stock markets in the world, with a market capitalization of over US$20 trillion. By listing its brand in Nasdaq, Air Asia can tap into a wider and more sophisticated investor base that values innovation and growth. This could help the company raise more capital and increase its valuation.

- To unlock the value of its IP assets. By creating a separate entity for its IP assets and listing it in Nasdaq, Air Asia can unlock the value of its intangible assets and generate more revenue from licensing, franchising, and partnerships. This could also create a positive spillover effect for its airline business, as it can benefit from the increased brand awareness and reputation.

In conclusion, listing its brand in Nasdaq is a bold and ambitious move by Air Asia to monetize its IP assets. The move could bring many benefits for the company, such as access to more capital and investors, and unlocking of the value of its IP assets.

Dana IP 2.0 bagi 2024 telah Buka untuk Pemfailan Harta Intelek

Dana IP 2.0 bagi 2024 telah buka untuk permohonan harta intelek. Dana IP 2.0 adalah inisiatif yang dilancarkan oleh Perbadanan Harta Intelek Malaysia (MyIPO) untuk membantu usahawan dan penemu dalam memfailkan permohonan harta intelek (IP) di Malaysia dan luar negara. Dana IP 2.0 menawarkan bantuan kewangan bagi setiap permohonan IP yang layak, termasuk cap dagangan, paten, reka bentuk perindustrian dan hak cipta. Tujuan dana ini adalah untuk menggalakkan inovasi dan kreativiti di kalangan rakyat Malaysia, serta meningkatkan kesedaran dan penghargaan terhadap nilai IP.

Dana IP 2.0 mempunyai beberapa syarat kelayakan yang perlu dipenuhi oleh pemohon, antara lain:

- Pemohon mestilah warganegara Malaysia atau syarikat SME yang berdaftar di Malaysia.

- Pemohon mestilah mempunyai idea atau produk yang baru, asli dan berpotensi komersial.

Pemohon yang berminat boleh mengemukakan permohonan secara dalam talian melalui portal MyIPO di https://www.myipo.gov.my/en/dana-pemfailan-harta-intelek-dana-ip-2-en/ atau menghubungi talian khidmat pelanggan MyIPO di 03-2299 8400 untuk maklumat lanjut.

Dana IP 2.0 adalah peluang yang baik untuk usahawan dan penemu yang ingin melindungi hak mereka terhadap idea atau produk mereka, serta meningkatkan daya saing dan kebolehjalan mereka di pasaran tempatan dan antarabangsa. 

Boon IP merupakan sebuah syarikat yang menyediakan perkhidmatan pengurusan paten untuk pelbagai jenis projek inovasi. Syarikat ini telah berjaya membantu banyak pihak, termasuk institusi pendidikan, syarikat swasta dan individu, untuk mendapatkan pembiayaan dan perlindungan undang-undang bagi hasil kerja mereka. Antara contoh kejayaan Boon IP yang dapat kelulusan paten melalui Dana IP ialah: 

- Paten MY187491A Kolej Vokasional Slim River 'Lock Reminder for Motorcycle Steering'

- Paten MY187619A Institut Kemahiran Belia Negara Kuala Perlis 'An Apparatus for Holding Impact Wrench' 

- Paten MY197556A Institut Kemahiran Tinggi Belia Negara Temerloh 'Tool for Removal and Installation of Valve Pin'

- Paten MY185349A Noor Arjuna 'Device for Gripping and Storing Miswak Sticks'

Boon IP telah memberikan nasihat dan bantuan profesional dalam proses permohonan dan pendaftaran paten, tanpa mengenakan sebarang bayaran tambahan. Oleh itu, jangan lepaskan peluang ini dan mohon sekarang!

MyIPO Launches IPR Marketplace 2.0 Portal

On January 18, 2024, the Intellectual Property Corporation of Malaysia (MyIPO) launched the IPR Marketplace 2.0 portal, a platform that connects intellectual property (IP) owners, buyers, investors and service providers. The portal aims to facilitate the commercialization and valuation of IP assets in Malaysia and beyond.

Screenshot of IPR Marketplace 2.0 Portal (iprmarketplace.myipo.gov.my)

MyIPO charman, Dr Mohd Zuhan hopes that this platform will encourage collaboration between local entrepreneurs and potential parties in the global market. 

The IPR Marketplace 2.0 portal offers various features and benefits for its users, such as:

- A searchable database of IP assets for sale, licensing or investment opportunities

- A directory of IP valuers

- A dashboard that allows users to manage their IP portfolio and transactions

The portal also provides access to various resources and tools, such as:

- A guide on how to use the portal and its features

- A blog that shares news, updates and insights on IP-related topics

The IPR Marketplace 2.0 portal is open to anyone who is interested in IP, whether they are IP owners, buyers, investors or service providers. Users can register for free and start browsing, listing or contacting other users on the portal.

Screenshot of IP Valuer, Dennis Tan

As one of the IP valuers listed on the portal, I am excited to be part of this initiative and to offer my expertise and services to the IP community. I believe that the portal will help to create a vibrant and dynamic IP market in Malaysia and beyond, and to unlock the potential value of IP assets for the benefit of the economy and society.

If you are interested in learning more about the IPR Marketplace 2.0 portal or want to register as a user, please visit iprmarketplace.myipo.gov.my. You may also engage us by visiting www.boon.com.my.

How Malaysia Plans to Achieve High-Tech Industrialization by 2030

Malaysia is a developing country that aims to become a high-tech industrialized nation by 2030. To achieve this goal, the government has launched the New Industrial Master Plan (NIMP) 2030, which outlines the strategies and actions to transform the country's industrial sector. 

The NIMP 2030 is different from the previous industrial master plans, as it adopts a mission-based approach that focuses on four key areas: advancing economic complexity, teching up for a digitally vibrant nation, pushing for net zero, and safeguarding economic security and inclusivity. 

Here are some of the highlights of the NIMP 2030 and what they mean for Malaysia's industrial development. 

Enhancing Economic Complexity

Economic complexity refers to the diversity and sophistication of a country's productive capabilities and exports. A higher economic complexity indicates a higher level of knowledge, technology and innovation in the economy.

The NIMP 2030 aims to increase Malaysia's economic complexity index (ECI) from 1.07 in 2021 to 1.5 by 2030, to be on par with developed countries.

To do this, Malaysia has identified several potential clusters that can be developed, such as electrical and electronics, machinery and equipment, aerospace, medical devices, renewable energy, biotechnology, halal products, and creative industries. 

Another key strategy is to increase the research expenditure to 3.5% of GDP by 2030, which would boost the innovation capacity and competitiveness of the industries. The plan also aims to strengthen the linkages between universities, industry and government to foster collaborative research and development.

One of the enablers for research and innovation is intellectual property (IP), which protects and rewards the creators of new knowledge and technology. The NIMP 2030 recognizes the importance of IP for industrial development and aims to improve the IP system in Malaysia.

Some of the initiatives include digitizing and accelerating IP applications; facilitating IP commercialization and monetization; and strengthening IP enforcement and protection.

Building SME's Capacity

Small and medium enterprises (SMEs) are the backbone of Malaysia's economy, accounting for 98.5% of business establishments, 38.9% of GDP, 48.4% of employment and 17.9% of exports in 2021.

The NIMP 2030 aims to enhance SMEs' capacity and resilience by helping them to upgrade their products, processes and business models; diversity their markets and customer segments; increase their productivity and efficiency; improve their quality and standards; adopt digitalization and automation; and integrate into regional and global value chains.

Some of the initiatives include providing technical assistance and advisory services; facilitating access to technology platforms and solutions; offering training and upskilling programs; and supporting branding and marketing activities.

Embracing ESG Principles

Environmental, social and governance (ESG) principles are a set of criteria that measure a company's performance on sustainability issues such as environmental protection, social responsibility, human rights, diversity, ethics and corporate governance. 

The NIMP 2030 aims to embrace ESG principles as a core value of Malaysia's industrial development by promoting green growth, social inclusion and good governance across all sectors and industries.

Ministry of Investment, Trade and Industry

Some of the initiatives include implementing low-carbon policies and measures; encouraging renewable energy generation and consumption; reducing waste generation and increasing recycling rates; enhancing environmental management and compliance; ensuring fair labour practices and decent work conditions; supporting social enterprises and community development; improving corporate transparency and accountability; combating corruption and fraud; and strengthening stakeholder engagement and participation.

Conclusion

The NIMP 2030 is a comprehensive and ambitious plan that aims to transform Malaysia's industrial sector into a high-tech, high-value and high-impact engine of growth for the country. By enhancing economic complexity, creating supportive ecosystems, building SME's capacity and embracing ESG principles, the plan hopes to achieve Malaysia's vision of becoming a high-tech industrialized nation by 2030.

Klang Bak Kut Teh is Recognized as a Geographical Indication

Klang bak kut teh is a soup-based dish that has been recognized as a geographical indication (GI) by Perbadanan Harta Intelek Malaysia (MyIPO), an agency under the Ministry of Domestic Trade  and Costs of Living (KPDN). This means that Klang bak kut teh has a special connection to Klang city, where it originated and developed its distinctive flavour and reputation.

But what is geographical indication?

According to MyIPO, a geographical indication is a sign used on products that have a specific geographical origin and a reputation that are due to that origin. For example, Darjeeling tea is a geographical indication for tea grown in the Darjeeling region of India, which has a unique aroma and taste. Similarly, Yantai apple is a geographical indication for apples grown in the Yantai region of China, which are known for their crispness and sweetness. Other examples of geographical indications are Gruyere cheese from Switzerland, asam pedas Melaka and Sarawak pepper.

Klang bak kut teh is the first geographical indication that originates from Selangor to be recognized by MyIPO. This is a great achievement for the local bak kut teh industry and culture, as it showcases the rich heritage and diversity of Malaysian cuisine. The geographical indication was initiated by the Klang Chinese Chamber of Commerce and Industry (KCCCI). 

Henry Golding said that his choice of Malaysia food for diplomacy is bak kut teh and he emphasized the Klang version. "Klang's has broth that's been brewing for generations [...] If it stops boiling, it'll grow this thickness of fur and bacteria. But, it's delicious!"

In Hokkien, bak kut teh means meat-bone tea. There are many bak kut teh sellers in the market. The original bak kut teh is served in a bowl without chilis, youtiao or vegetables. These are considered accompaniments in modern bak kut teh. Even soup refills are not provided by original bak kut teh sellers.

@dennisboonlengtan Klang bak kut teh recognized as a geographical indication. #klang #bakkutteh #geographicalindication ♬ Gong Xi Fa Cai - Lux-Inspira

Modern bak kut teh sellers are serving the dish with chilli padi, mushrooms and tofu pok. Specialty bak but teh sellers can be found in most Malaysia cities. Teluk Pulai, the introducer of claypot and soup refillls is probably the most common version available. Three bak kut teh sellers are recognized in the Michelin Guide. 

Bak kut teh is recognized as a noun in Oxford English Dictionary. Other Malaysian English terms recognized are bak kwa, char kway teow, chicken rice, kopitiam, laksa, mamak, sotong and teh tarik.

Budapest Treaty on the Deposit of Microorganisms

 I attended the MyIPO webinar on Budapest Treaty on the Deposit of Microorganisms for the purposes of Patent Procedure on 8 November 2022. I would like to share eight points I learnt from the webinar.

1. Why Budapest Treaty?

​Patents need to disclose how the invention works. There is some difficulty in explaining inventions involving microorganisms that are not publicly available. ​Hence, microorganisms deposited at international depositary authorities (IDAs) are recognized for fulfilling disclosure requirements.

2. What is the Budapest Treaty?

All states party to the Treaty are obliged to accept microorganisms deposited at any IDA as being valid for national patent procedure.

3. What is the benefit of the Budapest Treaty?

Deposit in one IDA is recognised by all states party to the Treaty. Applicants do not need to make a new deposit in each state in which patent protection is sought. Hence, it saves applicants money.

4. Who is IDA?

At the moment there are 48 recognised IDAs. The list of IDAs are available at WIPO. There are two in Australia, three in India, six in the UK and three in the USA. Each IDA provides a list of acceptable biological material and sets its own fee. No IDA is available in Malaysia or ASEAN.

5. Who can deposit at IDA?

Researchers on behalf of applicants can submit the deposit with IDA. An agent is not needed.

6. Any plan for NDA?

Any Malaysia organizations can apply to be a National Depositary Authority (NDA). The organization would need to fulfill several conditions such as storage requirement.

7. How to specify a deposit in a patent application?

After a deposit is made, the IDA and accession number is specified in the patent application. Hence, a patent application is prepared at the same time of the deposit.

8. Who can access deposited microorganisms?

The public would not be able to access the deposited microorganism. The public would need to appoint a competent and neutral person to access the deposited microorganism.