(ip) hub master plan - Ministry of Law

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have increased by 72% to nearly 35,000 8 (Figure 1.3.). In the same period, Singapore’s royalty and licensing fee receipts and payments have also risen. 4 Figure 1.3.: Singapore patent and trademark filings (Source: IPOS). 1.3.9. Local needs for IP support services and infrastructure have increased, given the greater number of MNCs’ headquarters, R&D centres, and IP management functions in Singapore. Furthermore, Singapore aims to increase its GERD from 2.3% of GDP in 2009 to 3.5% of GDP by 2015. 9 Taken together, there is tremendous potential for future growth in the areas of IP and IP support services. 1.4. IP IN SINGAPORE: OPPORTUNITIES AND CHALLENGES IP: An Area of Promise 1.4.1. The Committee is of the view that the IP industry holds great promise for Singapore if timely efforts are undertaken to capitalise on emerging opportunities. Doing so will generate high-value jobs for Singaporeans and contribute to our economic growth. 1.4.2. In positioning itself as an IP Hub, Singapore is starting from a position of strength. Singapore’s IP legislative and enforcement frameworks, undergirded by a strong rule of law, have been considerably strengthened to support the protection, management and exploitation of IP. This is evidenced by Singapore’s performance in international rankings in 2012. Singapore has been ranked 2 nd and 7 th in IP protection / enforcement by the World Economic Forum (WEF) 10 and the 8 IPOS, 2012. http://www.ipos.gov.sg/AboutIP/IPResources/Statistics.aspx (accessed Feb 2013). 9 MTI, 2011. Research, Innovation and Enterprise (RIE) 2015. http://www.mti.gov.sg/ResearchRoom/Pages/Research,-Innovation-and-Enterprise-(RIE)-2015.aspx (accessed Feb 2013). 10 WEF, 2012. Global Competitiveness Report 2012-2013. http://www.weforum.org/reports/global- competitiveness-report-2012-2013 (accessed Feb 2013). 13
International Institute for Management Development (IMD) 11 respectively. We are further supported by a well-developed financial service industry and highly skilled workforce. 1.4.3. Together with Singapore’s high level of global connectedness and the cosmopolitan, vibrant lifestyle it has to offer, there are strong reasons for IP rights owners, service providers and investors to set up an Asian base in Singapore. Singapore’s unique value proposition in terms of its attributes is summarised in Figure 1.4. below. • Strong legal and financial infrastructure. • Rich R&D ecosystem. • Competitive tax rates and laws. • Ease of doing business. • Presence of MNCs and headquarters. • Extensive network of international agreements and FTAs. • Positioned between the East and West. Surmounting the Challenges Ahead Figure 1.4.: Singapore’s attributes. 1.4.4. Nonetheless, the Committee is cognisant that Singapore’s development as an IP Hub faces a number of challenges. First, Singapore has a relatively small domestic 11 IMD, 2012. World Competitiveness Yearbook. http://www.imd.org/research/publications/wcy/index.cfm (accessed Feb 2013). TRUST KNOWLEDGE CONNECTED- NESS 14 LIFE • Highly educated, multi-cultural workforce. • Large base of specialists from around the world. • Cosmopolitan, vibrant city living.
Page 1 and 2: INTELLECTUAL PROPERTY (IP) HUB MAST
Page 3 and 4: 1 March 2013 Mr K Shanmugam Ministe
Page 5 and 6: 28 March 2013 Mr Teo Ming Kian Chai
Page 7 and 8: CHAPTER 6 - ENABLER 1: SKILLED MANP
Page 9 and 10: Strategic outcome 2: A hub for qual
Page 11 and 12: filings in Singapore. In addition,
Page 13 and 14: as to enhance Singapore’s tax env
Page 15 and 16: Recommendation international IP con
Page 17 and 18: 1.2.2. To assist the formulation of
Page 19: 1.3.6. Within Asia, IP is a rapidly
Page 23 and 24: CHAPTER 2 KEY STRATEGIC OUTCOMES AN
Page 25 and 26: Asian payments). 4,13 In other word
Page 27 and 28: 2.6. ENABLER 2: A CONDUCIVE AND PRO
Page 29 and 30: 3.1.3. There is potential for Singa
Page 31 and 32: take place. The availability of mar
Page 33 and 34: 3.2.10. A digital copyright licensi
Page 35 and 36: 3.3.4. Although IP financing is a m
Page 37 and 38: 3.3.10. The Committee recommends th
Page 39 and 40: C. IP Funds 3.3.16. There has been
Page 41 and 42: level of confidence and trust in IP
Page 43 and 44: CHAPTER 4 STRATEGIC OUTCOME 2: A HU
Page 45 and 46: ecommendations to ensure that their
Page 47 and 48: with the key features being the abi
Page 49 and 50: 4.3. INTERNATIONAL COLLABORATION WI
Page 51 and 52: B. Collaboration within ASEAN 4.3.8
Page 53 and 54: 4.4.5. Singapore-qualified patent a
Page 55 and 56: streamlined procedures which have m
Page 57 and 58: practitioners and rights holders. M
Page 59 and 60: Conventional preference and familia
Page 61 and 62: CHAPTER 6 ENABLER 1: SKILLED MANPOW
Page 63 and 64: 6.2.3. The IPCF provides tailored a
Page 65 and 66: lateral movement and vertical progr
Page 67 and 68: CHAPTER 7 ENABLER 2: A CONDUCIVE AN
Page 69 and 70: Unilateral tax credit for royalty i
Page 71 and 72:
Forum, an interdisciplinary, pan-Eu
Page 73 and 74:
CHAPTER 8 CONCLUSION 8.1. The globa
Page 75 and 76:
S/N Name Designation 10. Mr Suresh
Page 77 and 78:
S/N Name Designation 14. Dr WONG Wo
Page 79 and 80:
S/N Name Designation 12. Mr Sivanan
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