In its ongoing efforts to advance the intellectual property protection scene, Egypt recently approved a grant of EGP 47 million (around USD 2.9 million) from South Korea. This news comes in light of Egypt’s vision to increase cooperation with the international community. The grant is expected to advance the management efficiency at the Egyptian Patent Office (EGPO) and encourage local innovation and entrepreneurship.
Such developments showcase Egypt’s commitment to develop and establish a competent IP system and demonstrates its awareness of the strategic importance of IP on the country’s economic development.
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