(ip) hub master plan - Ministry of Law

CHAPTER 2
KEY STRATEGIC OUTCOMES AND ENABLERS
2.1. VISION OF SINGAPORE AS A GLOBAL IP HUB IN ASIA
2.1.1. The Committee has identified three strategic outcomes and two key enablers to
develop Singapore as a Global IP Hub in Asia in the next decade (Figure 2.1.).
A hub for IP transactions
and management
Strategic outcomes
A hub for quality IP filings
Enablers
Skilled manpower resources networked
to the region and beyond
16
A hub for IP dispute
resolution
A conducive and progressive
environment for IP activities
Figure 2.1.: Key strategic outcomes and enablers.
2.1.2. The goal is to build a vibrant, sustainable IP ecosystem with a host of IP activities in
Singapore, thereby creating high value-add jobs across sectors that will contribute
to the economy. The average value-add of a worker in the IP industry is estimated
to be S$175,000 in 2011, 12 almost double the national average of S$89,800. The IP
industry comprises companies managing their IP portfolios, as well as firms
providing services associated with IP protection, IP exploitation and IP
enforcement, including IP intelligence / search, patent drafting, patent / trademark
/ design prosecution, franchising / licensing, IP brokerage, IP valuation, IP litigation,
and IP training.
2.1.3. By attracting more global players to Singapore and extending our reach to the
regional markets, there is potential for Singapore to at least double the size of the
IP industry, in terms of both the employment and the total value-add, which are
currently estimated to contribute to 0.24% of Singapore’s GDP. Besides meeting
regional demands, a more sophisticated and comprehensive IP industry will also
help our Singapore-based MNCs, SMEs, research institutes and institutes of higher
learning to maximise returns on their R&D investments.
2.1.4. To facilitate the achievement of these goals, the Committee has also identified
possible outcome indicators for each of the three strategic outcomes to measure
Singapore’s success as a Global IP Hub in Asia (Figure 2.2.).
12 IPOS’ estimates based on respondents of IPOS’ IP Services Survey 2011.