Using intellectual property to drive innovation
Industry players say plan to build capabilities to commercialise IP is a move in the right direction.
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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 move in the right direction.
The CFE report has several suggestions on how this could be done; these include building up Singapore's national capabilities to commercialise IP; growing the community of IP experts; developing standardised IP protocol to be adopted by all public agencies and publicly-funded research entities; updating the IP Hub Master Plan; and reviewing Singapore's copyright regime.
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