Friday, Nov 22, 2019
HomeBusinessEntrepreneurs urged to take  advantage of intellectual property rights

Entrepreneurs urged to take  advantage of intellectual property rights

The Bahamas Agricultural and Industrial Corporation (BAIC) and the Caribbean Export Development Agency (CEDA) helped 30 local entrepreneurs to understand how to develop their businesses and take advantage of intellectual property rights during a two-day workshop.

Consultant and lead presenter at the workshop Erica Smith encouraged the business owners to take advantage of these rights especially as The Bahamas moves towards World Trade Organization (WTO) accession.

According to a release, the entrepreneurs who attended included producers of native drinks, jams and jellies; business consultants; financial advisors; car rental agents; landscapers; and designers. Individuals from the Ministry of Tourism, Department of Rehabilitative/Welfare Services and the University of The Bahamas also joined in on the workshop.

“They were given pointers on intellectual property and how to make their brands work, the make up of the intellectual property framework in The Bahamas and how to create value from intellectual property,” according to the release.

“The workshop also concentrated on the practical necessity for the protection of intellectual property in the agro-processing sector and focused on a case study of an agro-processing company out of Belize, to highlight the importance of brand development and the strategic use of intellectual property rights, to avoid pitfalls in ownership, trademarks, trade secrets, distribution and unfair competition,” the release further noted.

BAIC Chairman Bishop Gregory Collie implored the entrepreneurs to register their businesses in order to ensure that their work is protected against copycats.

Chester Robards

Senior Business Reporter at The Nassau Guardian
Chester Robards rejoined The Nassau Guardian in November 2017 as a senior business reporter. He has covered myriad topics and events for The Nassau Guardian.
Education: Florida International University, BS in Journalism
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