Myanmar is reportedly planning to set up a technology and innovation support center (TISC) to strengthen its intellectual property sector, which is expected to play a crucial role in the country's economic development, according to Xinhua News.
The TISC will also help innovators and researchers in developing countries to promote information technology-related works, create, protect and manage intellectual property rights, said Ba Shwe, deputy minister for Myanmar's Ministry of Science and Technology.
The center will be developed in cooperation with the World Intellectual Property Organization (WIPO).
Myanmar has been embracing new regulatory changes recently as it gradually liberalizes its economy. This includes its telecoms sector which it has opened up to foreign telcos. Earlier this year, Ooredo and Telenor beat out more than 10 other shortlisted telcos for the two licences in a tender.