Singapore aims to become Asia's intellectual property hub

   Apr 25, 4:22 pm

Singapore City, April 25 (Xinhua-ANI): Singapore's Minister for Law Mr. K Shanmugan said his country aims to expand potential growth in demand for intellectual property (IP) service and become an IP hub in the region.

In the press release issued by the Ministry of Law on Wednesday, Shanmugan said IP has become an increasingly important component of the global economy. IP filings have increased in Asia. "We aim to expand Singapore potential growth in demand for IP services in the region."

The Ministry of Law has formed the IP Steering Committee to formulate the IP Hub Master Plan to guide the next phase of Singapore's development as an IP hub.

According to the release, the Steering Committee will focus on and recommend strategies in these areas: developing a vibrant marketplace for IP transaction and commercialization and building world-class IP capabilities and infrastructure.

Mr. Teo Ming Kian, Chairman of MediaCorp Pte Ltd, will chair the Steering Committee.

Teo said, "Singapore is in a strong position to be developed into an Asian IP hub, given its legal and financial services infrastructure and robust IP regime."

He said that growth of Singapore IP service industry could further accelerate the country's transition into a knowledge-based, innovation-driven economy, and create high-value job opportunities in Singapore. (Xinhua-ANI)

Nearly one fifth of China's soil contaminated, report says Apr 19, 3:32 pm
London, Apr 19 (ANI): Nearly one fifth of the soil in China is reportedly contaminated, an official study released by the country's Environmental Protection Ministry has revealed.
Full Story
Nigerian military admit 85 out of more than 100 abducted girls still missing Apr 19, 2:32 pm
London, Apr. 19 (ANI): The military in Nigeria has reportedly admitted that contrary to its earlier claims, most of the teenaged girls abducted by the Boko Haram Islamist group have not been freed.
Full Story
Snowden unhappy over Putin's 'evasive' denial of mass surveillance in Russia Apr 19, 2:27 pm
Washington, Apr. 19 (ANI): NSA whistleblower Edward Snowden has reportedly expressed dissatisfaction over Russian President Vladimir Putin's 'evasive' response to his question whether the Russian government snooped on its citizens.
Full Story
Monica Lewinsky's mail ditched from latest batch of Clinton docs released online Apr 19, 1:09 pm
Washington, April 19 (ANI): An email from Monica Lewinsky has been omitted from the Clinton library's latest document dump due to privacy reasons.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY