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)

Taliban denies death reports of Jalaluddin Haqqani Aug 1, 4:22 pm
Karachi, Aug 1 (ANI): The Taliban has denied reports of the death of Jalaluddin Haqqani, the founder of Haqqani network which is an allied militant group.
Full Story
Prince William honours African rhino ranger Aug 1, 3:32 pm
Washington DC, Aug 1 (ANI): Prince William has always been one of the royals who promotes animal rights, and in support of this he recently honoured an African man Edward Ndiritu, who had been fighting against the poachers in Africa.
Full Story
Hampshire plane crash: Bin Laden's relatives were onboard Aug 1, 2:51 pm
London, Aug 1 (ANI): A Saudi Arabian embassy in the UK has said in a statement that family members of former al-Qaeda leader Osama Bin Laden were on board the plane that crashed in Hampshire, killing four people.
Full Story
`Healthy` Hillary Clinton `good to go` for US Presidential run Aug 1, 2:01 pm
Washington DC, Aug 1 (ANI): Hillary Clinton, who dealt with a blood clot in a vein between her brain and skull in 2012, recently received a clean chit from her physician stating that she is all okay to compete in the 2016 US President run.
Full Story
Comments

LATEST STORIES
TOP VIDEO STORIES
PHOTO GALLERY