By Modupe Gbadeyanka
The Executive Secretary of the Lagos State Employment Trust Fund (LSETF), Ms Teju Abisoye, has called for more funding for women-led startups and innovative projects.
She made this call while giving her keynote address at an event organised by the Nigerian Exchange (NGX) Limited to mark World Intellectual Property (IP) Day 2023.
Ms Abisoye, represented by the Director of Strategy, Funding and Stakeholder Management at LSETF, Ms Sheila Ojei, said that by recognising and protecting women’s IP rights, society can enhance innovation, create more business success and empower women globally whilst improving gender equality.
“To accelerate women-led innovation and creativity, we need to encourage girls and young women to pursue STEM education, create mentorship opportunities for women in innovation and creativity, and increase funding for women-led startups and innovative projects,” she said.
“We also have to address bias and discrimination in the innovation and IP system; provide education and training for IP protection for women innovators and creators; and increase the representation of women in IP law and policymaking,” she added.
During the programme, which was themed Women and IP: Accelerating Innovation and Creativity, some experts spoke at the panel to discuss tech and finance, giving their views on how to bridge the IP gap and increase women’s contribution to innovation and creativity globally.
The speakers were Angela Adebayo, Partner, Inventa Nigeria; Koromone Koroye, Communications and Media Specialist; Tosin Thompson, Founder/CEO Mezovest; Mo’ Olagbegi ‘MoCheddah, Nigerian Artiste and Chidinma Chukwueke-Okolo, Head, Product Development, NGX.
In her speech, the Divisional Head of Business Support Services Division/General Counsel at NGX, Mrs Irene Robinson-Ayanwale, said, “This year’s World Intellectual Property Day, themed, Women and IP: Accelerating Innovation and Creativity, has helped to bring to the fore salient issues that impact women, especially the challenges in accessing the skills, resources, mentorship, and environment that are required to thrive.
“As a sustainable exchange, we identify with the success that Nigerian women are making in the arts, tech, entrepreneurship and much more. We understand the importance of IP to economic growth, and we remain committed to enhancing women-led innovation through the diversity of the potential of our offerings and technology drive.”
Also, the Chief Digital Officer of NGX, Mr Olufemi Oyenuga, stated that it was remarkable that the world created a mileage to recognise this day to celebrate things around IP.
“Even more significant is the theme for this year, which is to celebrate the amazing creations by women across different fields and explore ways to enhance women’s contribution to economic development further,” he stated.
“Data from the World Intellectual Property Organisation revealed only about 16.5% of inventors named in IP patent applications were women. There is a need to create more funding, mentoring and networking opportunities for women to utilise IP protection for innovation and creativity,” the Head of Rules and Adjudication at NGX Regulation, Oluwatoyin Adenugba, commented.
Adedapo Adesanya 
Dipo Olowookere