The Straits Times
Published on Aug 27, 2014

Singapore boosting IP capabilities to ride Asian wave


Singapore is boosting its capabilities in the area of intellectual property (IP) in a bid to ride on Asia's growing demand for IP-related services.

IP refers to the ownership of ideas, inventions and innovations - and the process of turning that property into profits.

Law Minister K. Shanmugam announced the launch of a new unit to help businesses unlock the value of their innovations at the opening of the IP Week @ SG, held yesterday at Marina Bay Sands.

The IP ValueLab, being developed as a subsidiary of the Intellectual Property Office of Singapore (Ipos), will provide a whole suite of services to the various players in the IP field.