MyIPO NextGen To Drive Innovation-led Economy - Armizan
KUALA LUMPUR, April 30 (Bernama) -- The Domestic Trade and Cost of Living Ministry (KPDN), through the Intellectual Property Corporation of Malaysia (MyIPO), is taking proactive steps under the MyIPO NextGen transformation framework to strengthen the agency’s role in driving an innovation-led economy.
Its minister, Datuk Armizan Mohd Ali, said MyIPO NextGen, which serves as the agency’s Strategic Plan 2025–2030, will reposition MyIPO beyond its conventional role as an intellectual property (IP) registration body into a facilitator of economic growth, a driver of creativity and a strategic partner to industry and innovators.
He said the transformation focuses on modernising service delivery, digitalising work processes, strengthening IP valuation and commercialisation, and expanding the use of IP as a valuable asset for financing and business development.
“This transformation will also enhance the country’s capacity to meet future challenges through the adoption of new technologies, including artificial intelligence (AI), improved efficiency in application examinations and faster service delivery.
“This reflects the government’s commitment to ensuring Malaysia remains competitive as a trusted, innovative nation at both regional and global levels,” he said when officiating the National Intellectual Property Awards 2026 here today.
Armizan said the MyIPO transformation is a key component in supporting the aspirations of the 13th Malaysia Plan (13MP), which positions innovation and IP commercialisation as drivers of economic growth.
He said the approach will not only strengthen national technological capability but also ensure IP contributes to gross domestic product (GDP) growth, in line with the MADANI economic framework that emphasises inclusivity and competitiveness.
Armizan said that amendments to key legislation involving patents, trademarks, industrial designs and copyright are being reviewed to ensure Malaysia’s IP protection system remains robust, responsive and globally competitive.
Meanwhile, he said efforts to enhance IP registration and commercialisation in the sports sector will be intensified to boost its contribution to GDP.
“The commercialisation of sports IP must be strengthened. Globally, the value of sports broadcasting rights is estimated at US$55.2 billion, but in Malaysia, this potential remains underutilised as more focus is given to events rather than licensing rights,” he said.
He said this year’s World Intellectual Property Day theme, ‘IP & Sports: From Idea to Podium’, highlights the link between IP and the development of the sports industry, which goes beyond physical competition to include an innovation ecosystem driven by intellectual property.
Armizan said IP registrations have shown steady growth, with 15,350 patent registrations recorded between 2024 and 2025, including 118 related to the sports sector, while trademark registrations reached 115,850, of which 1,812 were sports-related.
At the event, the MADANI Inspiration Award was presented to six recipients: national track cycling champion Datuk Muhammad Azizulhasni Awang, the National Sports Institute, Johor Darul Ta’zim FC, Astro Arena, Petroliam Nasional Berhad and Al-Ikhsan Sports Sdn Bhd.
-- BERNAMA
