What is the Singapore IP Strategy 2030?
The Singapore IP Strategy 2030 (SIPs 2030)
was unveiled on 26 April 2021. This is a 10-year strategy developed
in recognition of the significant role that intellectual property
(IP) plays in our global economy.
One of the key objectives is to help businesses optimise the
value of their innovations. Proper management of IP assets has
innumerable benefits. You can better protect your business'
competitive advantages from being copied, reduce the risk of costly
disputes, attract investment, develop new revenue streams, and much
more.
Various IP programs and schemes have already been implemented in
Singapore. For example, participants in the Intangible Disclosure
Evaluation and Audit Scheme were offered advice on how their
intangible assets could be better showcased to clients and
investors. With the launch of SIPs 2030, we can expect many more
initiatives in the pipeline.
