Small and medium enterprises have for the first time showcased their achievements in protection at the Intellectual Property Department's fourth open day.

Legislative Council Commerce & Industry Panel Chairman Vincent Fang said at today's opening ceremony that intellectual property management concepts are now taking root in Hong Kong's business community.

"The SME exhibitors here have shared with us their success stories through the acquisition, exploitation and protection of intellectual property rights - evidence that intellectual property is a key to enterprise wealth creation. I am sure their success stories will be an inspiration to other forward-looking SMEs as well as the business community at large," he said.

Software asset management

To raise awareness and promote respect for intellectual property rights among the business community, the department recently launched a pilot scheme to offer free consultancy services to the business community for better management of their software assets.

Another trendsetting activity of the department is its e-business model. The computer systems for registration of trademarks, patents and designs are now fully automated; and web-based search, filing, publication and payment are now available around the clock. Last year about 47% of applications for registration of trade marks were filed electronically, showing the e-filing system is a popular service.

About 200 guests partook in today's event. The open day will continue tomorrow for invited guests including members of business and trade organisations.