CUHK head calls for better IP training for scientists

Chinese University Vice-Chancellor Dennis Lo has called for improved intellectual property (IP) training for Hong Kong scientists to safeguard their work and transform research into practical applications. During an appearance on RTHK's On Broadcast Drive program, Lo suggested that some researchers are overly optimistic, investing years in research without considering patenting their inventions, believing they are merely contributing to global knowledge.

He emphasized that without a patent, competitors can easily exploit the work. Lo advocated for scientists to secure patents on their discoveries, stating that they can potentially relinquish the rights later, but a lack of protection could lead to losing all control over the innovation. He also highlighted the need for universities to better protect scientists and assist them in understanding their rights, along with teaching researchers to identify unfavorable terms when accepting funding.

Lo mentioned a government-supported fund that does not relinquish significant ownership, enabling inventors to gain hands-on commercial experience before entering the open market. He proposed that the government might consider establishing an early-stage angel fund with minimal dilution, allowing inventors to explore commercialization for a year or two, acquire experience, and learn the intricacies of the market before venturing out to secure funding.