A new entity launched here on August 27 will help enterprises and industries to commercialize their IP and intangible assets for business growth both in Singapore and globally.
Called IPOS International, it is a wholly-owned subsidiary under government agency Intellectual Property Office of Singapore (IPOS) and will act as its expertise and enterprise engagement arm.
For a start, businesses can use Illuminate for Enterprises, a free tool designed to help businesses assess their IP management status, gain insights on potential IP gaps and risks, as well as recommendations for further actions.
Companies can also tap IPOS' extensive networks with countries that cover 90 percent of global trade to expand globally through their intangible assets and IP.
Delivering the opening address, Minister for Trade and Industry Chan Chun Sing said intangible assets and IP will increasingly drive the next wave of global growth and Singapore must "redouble" its efforts to grow itself as a global trusted hub for IP.
Separately, Chan also announced a new national-level skills framework for IP manpower development, to build a pool of competent and industry-ready IP professionals who can take their ideas to the global market.
Source: Xinhua
