Government to inject $65m to boost Singapore IP capacity

It aims to professionalise the IP ecosystem.

According to a release, to support Singapore’s vision to become a Global Intellectual Property (IP) Hub in Asia, the Intellectual Property Office of Singapore (IPOS) will be investing $65 million to ramp up IP manpower and capabilities in Singapore this year.

The investment is aimed to professionalise the IP ecosystem, and create high value-added and well-paying jobs for Singapore. With increased demand, the current pool of some 2,000 IP professionals is expected to be doubled in the next 8 to 10 years.

The plan is to professionalise the IP ecosystem in Singapore and around the region with a comprehensive development framework known as the IP Competency Framework (IPCF).

Involving a total of 57 IP professionals over a duration of 18 months, the IPCF was developed by a Steering Committee chaired by Prof Hang Chang Chieh (Executive Director, Institute of Engineering Leadership, NUS) and nine working committees comprising industry experts. The IPCF is conceived as the overarching framework to orchestrate the IP manpower development in Singapore. That includes standard setting, certification, qualification, and training of IP professionals.

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