Singapore 2nd on ranking of world's most innovative intellectual property offices

The Intellectual Property Office of Singapore has emerged as the first-runner up in a recent study of the world's most innovative IP offices.
The Intellectual Property Office of Singapore has emerged as the first-runner up in a recent study of the world's most innovative IP offices.PHOTO: ST FILE

SINGAPORE - The Intellectual Property Office of Singapore (Ipos) has emerged as the first-runner up in a recent study of the world's most innovative IP offices, second only to the European Union, Ipos said in a press release on Thursday (March 9).

The study, which identified the world's top 40 trademark offices by trademark filing volume, was conducted by trade publication World Trademark Review.

The offices were assessed on their respective online capabilities, value-added propositions and public outreach efforts, with opinions sought from over 100 IP practitioners.

 

Ipos came up tops in the value-added propositions category for its IP Financing Scheme, which helps innovative enterprises tap on their portfolio of intangible assets, such as patents, brands and creative content, to raise capital.

The scheme was launched in 2014, making Ipos one of only two IP offices in the world to support IP-based lending.

"Supporting the innovation ambitions of our entrepreneurs and businesses demands that we ourselves be innovative as an IP office," said Ipos chief executive Daren Tang.

"When we provide interesting and innovative products and services to support our entrepreneurs and enterprises, we in turn help them create value for our economy and society."