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Using intellectual property to drive innovation

Industry players say plan to build capabilities to commercialise IP is a move in the right direction.

Mr Lau: "Now that we have achieved relative success and stability in that area, commercialisation of IP created through innovation and R&D is the next logical area to grow."

Dr Peloso: "There needs to be support for entrepreneurs and businesses to compete and create more excitement and competition in the landscape, and standardised IP can set the stage."

Dr Fang: ". . .Both the private and public sectors can look towards providing more subsidies and incentives to encourage more individuals to join the IP commercialisation community."

TO further drive innovation and technology adoption in enterprises, one of the key recommendations by the Committee on the Future Economy (CFE) is to strengthen Singapore's intellectual property (IP) ecosystem.

This has been welcomed by IP lawyers, startups and other industry players as a...

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