IPOS launches new unit to help businesses commercialise intangible assets

One of the programmes offered is Illuminate for Enterprises, which can assess firms' IP management status.

The Intellectual Property Office of Singapore (IPOS) has set up a subsidiary that aims to support business growth through the commercialisation of their intangible assets (IA) and intellectual property (IP), an announcement revealed.

The new entity, IPOS International, will provide customised programmes and advisory services tailored to specific business needs. The unit has about 100 individuals with skills on IP strategy and management, patent search and analysis, and IP education and training. One of the features it has is the Illuminate for Enterprises tool, which helps businesses assess their IP management status.

Companies may also tap on IPOS’ networks covering 90% of global trade to boost their global expansion plans through their IP and IA.

In addition, IPOS also launched the Skills Framework for IP, where a deal with five other IP offices and an overseas media organisation will be inked to support the translation of ideas and IP into products and services.