New Ipos chairman wants to draw more R&D from multinationals to Singapore

[SINGAPORE] The Intellectual Property Office of Singapore (Ipos) will continue to focus on making the Republic an attractive destination for multinational corporations to conduct research and development (R&D), said its new chairman Nicky Tan.

Drawing more of these companies to spend their research dollars in Singapore will create “good jobs” for locals and offer “extra work” for small businesses, Tan told The Business Times in his first media interview after taking up the new role.

“I think it will also provide a pathway to encourage our local enterprises to start thinking and investing in intangible assets (IA) and intellectual property (IP),” he noted.