Search
Close this search box.

We are creating some awesome events for you. Kindly bear with us.

Opportunities for Russian Enterprises in Singapore

Russian enterprises seeking to break into new markets can now look to Singapore.

Yesterday at Enterprise Singapore, Singapore Senior Minister of State for Trade & Industry, Dr Koh Poh Koon, and Russian Deputy Minister for Development of Russian Far East, Alexander Viktorovich Kruitkov, witnessed a Memorandum of Understanding (MOU). The MoU was signed by IPOS International (IPOS-I) and Russia’s Internet Initiatives Development Fund (IIDF). IPOS-I is the international arm of the Intellectual Property Office of Singapore (IPOS), and IIDF is Russia’s most active venture capital fund and accelerator.

The MoU aims to bridge the innovation ecosystems of Russia and Singapore. Initiatives by Russian enterprises to use Singapore as a base to access Asian growth markets will also be supported.

This is part of the “through Singapore” strategy which aims to attract and support innovative companies from around the world to use Singapore as an IP hub to base their IP. Singapore provides countless opportunities, supported by the local government, to scale up and access cross-border market opportunities in the region. The “With Singapore, From Singapore, Through Singapore” strategy was very much the chatter during IP Week @ SG 2018.

Cooperation between IPOS-I and IIDF is the realisation of that. The MoU hopes to link together both countries’ innovation ecosystems, thus supporting each other’s growth into each other’s markets.

Russian enterprises will be given access to strategic IP management consultancy services, bespoke patent search and analytics, and customised training programs and workshops. Companies under IIDF’s portfolio will have the privilege of enhancing their IP expertise and market know-how of companies wishing to scale up into Asia.

Mutually, Singapore companies will also receive assistance from IIDF to expand into Russia. Enterprises will be endowed with knowledge of the Russian market. Singapore enterprises can look forward to opportunities for collaboration with Russian businesses to create innovative products and services. These enterprises can help bring Russian ideas and IP to Asia.

Since 2010, the number of IP filings in Russia has grown year on year, testament to its growing research culture and strong tech and science capabilities. The number of IP application by foreign enterprises into Russia has grown by 18% since 2010, a clear indication of growing confidence in the Russian market.

Likewise, Asia is burnishing its reputation as a hive for innovation. A promising market is ASEAN, a region believed to be the world’s fourth largest single economy by 2030. Within ASEAN alone, SGD 4 out of SGD 10 are spent in R&D, and 60% of IP applications are filed here.

Singapore, in particular, has the right IP connections and networks to encouraging the flow of ideas and innovation into the region. Russian enterprises can look to leverage on Singapore as a launchpad. Well-connected with over 70 markets, the Republic’s established platforms also allow for expedited IP applications.

Darren Tang, Chairman of IPOS-I said, “IPOS is pleased to partner with IIDF, one of the key players in the Russia innovation ecosystem, to create stronger linkages between the innovation ecosystems of both countries. Singapore has developed a top-class IP regime and built strong connections to the dynamic and growing Asian innovation ecosystem through its extensive network of agreements. Russian enterprises will find Singapore to be an ideal location to anchor and leverage on their IP and intangible assets to access Asia’s growth markets.”

He added, “We are also pleased that IIDF will help local innovators understand and connect with the Russian innovation ecosystem. Our partnership with IIDF underscores Singapore’s role as a hub for the global flow of innovation and ideas, and the growing interest in Russia as a market and a source of deep technology.”

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

As a Titanium Black Partner of Dell Technologies, CTC Global Singapore boasts unparalleled access to resources.

Established in 1972, we bring 52 years of experience to the table, solidifying our position as a leading IT solutions provider in Singapore. With over 300 qualified IT professionals, we are dedicated to delivering integrated solutions that empower your organization in key areas such as Automation & AI, Cyber Security, App Modernization & Data Analytics, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Renowned for our consulting expertise and delivering expert IT solutions, CTC Global Singapore has become the preferred IT outsourcing partner for businesses across Singapore.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and consulting services provider, helping clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,800 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently, and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity, and service. For more information, visit www.ibm.com