IP commercialization pushed in APEC

The Philippines has urged Asia Pacific Economic Cooperation (APEC) member economies to boost intellectual property (IP) commercialization to strengthen IP rights in the region.

Intellectual Property Office of the Philippines (IPOPHL) Deputy Director General Allan Gepty said in an interview that the country has pushed for commercializing IP in APEC through partnering with universities and research and development (R&D) institutions —a model that the Philippines is now implementing.