IPOS Launches S$1 Billion Innovation Fund And Upgrades Intellectual Property Masterplan!

Reportedly¹, the Intellectual Property Office of Singapore (IPOS) has announced that Singapore is launching a S$1 billion (US$717 million approx.) innovation fund to help companies with strong intellectual property strategies to grow and expand overseas.

The Makara Innovation Fund, a partnership between IPOS and local private equity firm Makara Capital, will invest S$30 to S$150 million on each of 10-15 "IP-rich and high-growth potential" companies from all over the world, including Singapore. These companies will then tap on Singapore's IP ecosystem to help them deepen their value creation, compete effectively and expand into the global markets.  MIF will help anchor the nation as a destination for ideas to be translated into assets and revenue by employing a 'from Singapore and through Singapore' approach.²