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Intellectual Property Office of Singapore Revamps Programmes to Help Businesses

The Intellectual Property Office of Singapore (IPOS) has revamped its Enhanced Mediation Promotion Scheme (EMPS) and SG IP FAST Programme as the country reopens its economy and improves its position as a worldwide innovation and IP hub. This action helps more enterprises protect their IPs in a post-Covid recovery situation. The Revised Enhanced Mediation Promotion Scheme (REMPS) would provide firms with additional funding for disputes involving both Singapore and foreign intellectual property rights.

The REMPS encourages parties in IPOS proceedings to choose mediation by funding the process so that more can experience mediation as an attractive option to resolve their disputes amicably.

– Mark Lim stated as the Chief Legal Counsel/Director, Hearings and Mediation of IPOS

This is also part of SIPS 2030, in which they hope to expand international IP dispute resolution in Singapore by encouraging more corporations and individual IP owners to use the comprehensive array of IP dispute resolution services they provide.

Over the previous three years, the number of cases sent to IPOS has more than doubled. Enterprises are viewing mediation as an appealing conflict resolution alternative for intellectual property issues, citing speed and cost-effectiveness as major factors.

The enhanced financing available in REMPS for disputes involving Singapore and foreign IP rights will provide more assistance to businesses, particularly when cross-jurisdictional conflicts are involved. The REMPS provides firms with a 17% boost in funding or up to SG$ 14,000 for disputes involving Singapore and overseas IP rights.

Parties will get up to SG$ 10,000 for disputes involving exclusively Singapore IP rights while they can recover up to 80% of a mediation-related lawyer/agent fees and disbursements from the financing. If just one party decides to apply for financing, the only applicant for REMPS may claim up to S$3,000 for every mediation case.

Apart from REMPS, businesses can also look forward to more support when resolving IP disputes in Singapore through SG IP FAST Programme. Sharmine Wu, Director of Patents, Design and Plant Varieties, IOS said that as the economy improves, they anticipate that more businesses will be able to bring their ideas to market faster and harness intellectual property for growth.

We launched SG IP FAST in 2020 to expedite IP protection for businesses and help them use IP to thrive despite the pandemic. This update is part of the Singapore IP Strategy [SIPS 2030] to enhance Singapore’s position as a global IA/IP hub.

– Sharmaine Wu, Director of Patents, Designs and Plant Varieties, IPOS

IP filings with IPOS have climbed by 33% in the last five years, indicating a consistent increase in innovation. IPOS received over 14,600 patent applications in 2021. With the increased volume of IP filings, IPOS has reduced its acceleration programmes to provide a competitive advantage to more businesses as global economies reopen.

The SG IP FAST programme will be extended until April 2024, with a doubled annual ceiling of 120 patent applications, while the 12 Months File-to-Grant programme will be discontinued, allowing more businesses to acquire their patent in as little as 6 months or 9 months with SG IP FAST. The period for requesting acceleration for related trademark or registered design applications under SG IP FAST has also been increased from one to twelve months, giving applicants more time to develop their IP portfolio and growth strategy.

IPOS is always creating new solutions to better serve the quickly changing demands of its communities through technology across all its companies. It is critical that the government implement and protect these inventions as rapidly and effectively as possible using SG IP FAST and REMPS.

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

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.

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 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.

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