Algeria is about to launch a $460,000 technology transfer office at Sidi Abdallah Cyber Park in capital city Algiers, with the support of the World Intellectual Property Organization (WIPO).
The project to be completed over 26 months will be funded by donors such as the African Development Bank (ADB) and possibly the Islamic Development Bank (IDB) and the World Bank (WB).
The announcement was made on the sidelines of the second edition of the WIPO currently being held in Algiers. The event aims at proposing strategies to improve the transfer of technology between industrialized and developing countries.
Representatives of WIPO, who are already in Algeria to attend the WIPO event are to sign the project-related framework agreement.
WIPO is initiating similar pilot projects in four other countries of the Middle East and North Africa (MENA) namely Tunisia, Morocco, Egypt and Jordan.
Companies in the MENA region are becoming increasingly aware of the importance to protect their brands to be more competitive on the market.
WIPO is a United Nations agency dedicated to the use of intellectual property (patents, copyright, trademarks, designs, etc.) as a means of stimulating innovation and creativity.