Singapore has unveiled its Singapore IP Strategy 2030 (“SIPS 2030“), which is a 10-year blueprint to strengthen Singapore’s position as a global intangible assets (“IA“) and intellectual property (“IP“) hub as well as maintain Singapore’s position as a top-ranked IP regime. The SIPS 2030 report details the various aspects of SIPS 2030, highlighting that the global economy is increasingly driven by IA, and that it is vital for Singapore to remain at the forefront of this movement and for businesses to fully utilise the opportunities afforded in this thrust of initiatives.
In this Update, we highlight the key elements of SIPS 2030, including the impending changes to Singapore’s IA/IP regime, both in terms of policy and infrastructure, as well as how businesses can benefit from the government’s efforts to increase enterprises’ access to IA/IP services and to help enterprises unlock potential new sources of capital through IA/IP.
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