Singapore inks intellectual property deal with Russia

This will allow Russian enterprises to explore IP growth markets in Asia.

Russian enterprises will now use Singapore as a base to access Asian growth markets as the Intellectual Property Office of Singapore International (IPOS-I) and Russian venture capital fund and accelerator Internet Initiatives Development Fund (IIDF) inked a memorandum of understanding.

This allows such enterprises to have access to strategic IP management consultancy services, patent search and analytics, training programmes and workshops. IIDF will also have Singapore enterprises to enter the Russian market.

“Russian enterprises will find Singapore to be an ideal location to anchor and leverage on their IP and intangible assets to access Asia’s growth markets,” Daren Tang, chairman of IPOS-I, said.

“Our partnership with IIDF underscores Singapore’s role as a hub for the global flow of innovation and ideas, and the growing interest in Russia as a market and a source of deep technology,” he added.

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