Type of I.P :
Patent A government authority or licence conferring a right or title for a set period, especially the sole right to exclude others from making, using, or selling an invention.
Copyright The exclusive and assignable legal right, given to the originator for a fixed number of years, to print, publish, perform, film, or record literary, artistic, or musical material.
Trademark A symbol, word, or words legally registered or established by use as representing a company or product.
Others Trade Secerts, Innovative Step, Creative etc
Patent Title : A Method Producing Palm-Based Kojic Acid Monooleate Using Solvent Free System
Patent Registration No : To Be Provided
R & D
R&D The invention is at the lab stage or proof concept stage
Pre-Commercial The invention is currently in the process of field testing
Ready For Market Invention is ready to be licensed out or sold
Selling Method :
Exclusive Licensing No person or company other than the named licensee can exploit the relevant intellectual property rights. Importantly, the licensor is also excluded from exploiting the intellectual property rights.
Licensing Authorization to use a particular patent. Licensee may not be the only one licensed to exploit the intellectual property.
Assignment The sale of ownership to the individual assigning the intellectual property.
Product Year :
This method was invented to produce palm-based kojic acid monooleate by using a simple vacuum evaporator apparatus. The kojic acid produced from this method is suitable for the use for cosmetic formulation and other applications.
- Marketing potential
- Perfect oil solubility
- Cosmetic formulation
- Cost effective
Prospect: Cosmetic Industry/
Pharmaceutical/Agriculture The estimated worth of Malaysia’s cosmetics and toiletries industry is approximately RM3.6 billion (with a healthy projected annual growth rate of 13%). In estimation, Malaysians annually spend an estimated RM1.6 billion on cosmetics with skin care products being the most purchased. The total market for cosmetics was valued at RM321.2 million with imports of cosmetics and toiletries accounting for 72.3% of the domestic consumption in 2012. The cosmetic products market value is projected to grow at a CAGR of 6.3% from 2012 to 2019 to reach $635.7 billion. Analysts forecast the Global Halal Cosmetics and Personal Care market to grow at a CAGR of 13.43 percent over the period 2013-2018. Malaysian cosmetics and skin-care companies also reported an increase in international demand for halal products over the past decade. Among the potential target market of are cosmetic manufacturers, the medical and pharmaceutical industry and agriculture industry. The product producedcan be distributed directly to these potential manufacturers.
Cost-effective – reduces steps of purification
High percentage yield of kojic acid monooleate
Excellent stability on pH, heat and light
Excellent oil solubility
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