GPH Ispat and BUET’s RISE Form Strategic Partnership on Intellectual Property Management

GPH Ispat Ltd. has entered into a strategic partnership with the Research and Innovation Center for Science and Engineering (RISE) of Bangladesh University of Engineering and Technology (BUET) to strengthen intellectual property (IP) management and promote innovation across academia and industry.

Under the “MoA on Intellectual Property Management of BUET”, GPH Ispat will support RISE in conducting workshops and seminars to raise awareness on the importance, benefits, and processes of patent filing. These initiatives will cover both individual and collective intellectual property, while also familiarizing students, faculty, and researchers with relevant IP laws.

This collaboration is envisioned to help Bangladesh transition towards a knowledge-based economy by enabling innovators to protect their work for prototyping, development, and commercialization. It aims to generate new income opportunities, enhance recognition for local innovations, and address the critical challenge of brain drain.

Looking ahead, GPH Ispat plans to extend this initiative nationwide by engaging with government and non-government institutions, large and small industries, and business clusters across key sectors, including light engineering, ICT, agriculture, and healthcare. By doing so, the company seeks to build a strong platform for innovators from diverse backgrounds, enabling seamless knowledge transfer and fostering collaboration.