uSky Transport supports UAE Government initiatives

[02.01.2024]

CEO of uSky Transport Sergei Tarasov has, by invitation of Sharjah Research, Technology and Innovation Park (SRTI Park), attended event organized by the UAE Ministry of Economy in collaboration with the World Intellectual Property Organization (WIPO). This event was dedicated to the launch of the “Unlocking the Use Of IP-Rich Intangible Assets: A Pathway to Securing Financing Project in the United Arab Emirates” project, which provides innovative companies in the country with financing options through the use of intellectual property as collateral.

Most companies need capital to scale, grow, and, sometimes, survive. However, as they seek funding, few companies leverage one of their most valuable assets: their intellectual property

As the project evolves through phases, a training program will be developed and implemented specifically for small and medium-sized companies, as well as selected start-ups, aiming to improve understanding of intellectual property management, how to discover untapped assets and use intellectual property valuation methodologies to secure financing.

Considering uSky Transport's pioneering role in innovation, participation in this project will have a significant impact on the UAE economy and will also improve the country's ranking in the Global Innovation Index

“Intellectual Property (IP) plays a crucial role for innovative companies like uSky Transport, which being involved in the transportation industry, relies heavily on innovative technologies and unique solutions to differentiate itself in the market. The company's intangible assets, which include IP-rich innovations, patents, copyrights, trademarks, and trade secrets, provide several benefits, competitive advantaged, and protection for its innovative technologies and ideas. They help uSky Transport to safeguard its unique ideas and inventions, attract investment, and establish a strong market position. Additionally, IP-rich intangible assets enable the company to generate revenue through licensing and partnerships while deterring competitors from infringing on its innovations. Overall, these assets are essential for uSky Transport's success and sustainability in the highly competitive and rapidly evolving transportation industry”, says Sergei Tarasov, CEO of uSky Transport.