Close this search box.

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

First accelerated patent granted under IPOS’ FinTech Fast Track initiative

Patent grants take at least two to four years to be granted. Some span even longer. But that’s not the case for Voyager Innovations, a technology company based in ASEAN. Under the Intellectual Property Office Singapore’s (IPOS) FinTech Fast Track initiative, the company’s patent was granted in a short span of seven months from application to grant.

Using distributed ledger technology, Voyager’s innovation allows audiences at an onsite or offsite live event to participate in real-time activities using an app. These might include surveys or prize draws.

The capabilities of this digital marketing technology are made possible by combining event-specific location data, event-defined behaviours, as well as secondary sensing data such as the participants’ movement and position of their mobile devices.

Over 1200 FinTech enterprises in Singapore and the region can tap on IPOS’ FinTech Fast Track accelerated process to bring their FinTech ideas to market in a shorter period. The accelerated patent application-to-grant process comes at no additional cost and is open to any FinTech enterprises anywhere in the world if they file through IPOS.

How to Fast Track

For FinTech companies, gaining a competitive edge in a fast-paced industry demands gaining clarity about their patent strength within a matter of months. Waiting for years is undesirable. So how did Voyager Innovations accelerate the patent process?

Elucidated nicely in a flow chart of six steps, if no issues are found, a patent grant is issued to an applicant under the FinTech Fast Track process.

The media release notes additional details which must be adhered to.

Foremost, FinTech inventions are scoped to technology applied in financial-related services or used to help companies manage the financial aspects of their business. Areas might include, but are not limited to, electronic payment, investment platforms, insurance technology, blockchain and banking, and security, fraud and authentication.

FinTech inventions could also involve alternative due diligence, virtual exchanges and smart contracts, as well as market information platforms among others. Enabling technologies, such as data analytics, Internet-of Things (IOT), mobile platforms, cloud computing, artificial intelligence/machine learning and cryptocurrency, are usually used in FinTech in order to improve the provision of financial services.

Next, enterprises must file the application in Singapore first. The request for grant of patent and request for search and examination report forms must be filed on the same day as well. Applicants should note that claims should contain twenty or fewer claims.

Once a receipt of formalities examination adverse report has been sent, applicants must respond within two weeks from its date.

Upon the receipt of written opinion, applicants should also respond within two months.

When submitting the request for search and examination report form, a supporting document, “Fast Track”, which states that the application is related to FinTech should be appended.

A list of other criteria are listed here.

Singapore a FinTech Hub

Singapore presents itself as hub for FinTech businesses.

In 2016, investments in ASEAN’s FinTech sector increased by 33% to USD 252 million. Globally, 12 058 FinTech patents are published in 2018, almost surpassing 2017’s record of 13 592 patents.

Enterprises can also leverage on IPOS’ extensive network of agreements to fast track patents into ASEAN and partner countries.

This allows innovators to use Singapore as a base to bring their FinTech ideas, IP and solutions to ASEAN markets and beyond quickly and efficiently.

Daren Tang, Chief Executive of IPOS, said, “Singapore already has all the ingredients for a vibrant innovation ecosystem. Our broad IP network reaches out to over 70 countries which account for more than 90 per cent of global GDP. Complemented with a world-class financial services infrastructure and business-friendly regulatory policies, Singapore is well placed for FinTech enterprises to commercialise their IP into the fast-growing ASEAN region. Beyond the FinTech Fast Track initiative, we will continue to explore and introduce more initiatives to help innovation-driven enterprises use Singapore as a base for taking their ideas and IP to the market.”


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.


CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.


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


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.


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. 


IBM is a leading global hybrid cloud and AI, and business services provider. We help 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 3,000 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.