The Singapore IP Strategy 2030 (SIPS 2030) was launched on 26
April 2021 to coincide with World Intellectual Property Day.
The global economy is shifting towards an Intangible Assets (IA)
and Intellectual Property (IP) model. In 2020, the value of global
intangible assets was estimated to be about US$66 trillion, and
between 2019 and 2020, IP transactions were valued at about US$430
billion. In 2017, Asia spent more than 45% of global gross domestic
expenditure on R&D.
In light of the evolving global economy and the growing
importance of Intangible Assets (IA) and Intellectual Property
(IP), this 10 year plan comprises three “thrusts”:
- Strengthen Singapore's position as a global hub for
IA/IP;
