February 26, 2024

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IPOS to launch Singapore Fast Track Patent Programme

The Intellectual Property Office of Singapore (IPOS) is starting a pilot programme to accelerate grants of patent applications in all technology fields to just six months in May 2020. The programme which will be known as the SG Patent Fast Track will be the world’s fastest application-to-grant process.

According to WIPO’s latest report, Asia is the hub for global patent filings, receiving over two-thirds (66.8%) of all applications filed worldwide in 2018. There has been an increase in patent applications filed through Singapore also, a 46% increase, from 9,685 to 14,136 between 2012 and 2019.

Under the fast track programme, qualifying patent applications could be granted in as quickly as six months, compared to the usual period of two years or more. The pilot is planned to end on 29 April 2022.

“We now offer this SG Patent Fast Track programme because we understand the needs of innovators. Through this, IPOS is staying ahead of the curve, and is committed to supporting innovators and enterprises across technology sectors to bring their products and services faster to investors and global markets. The move also strongly complements Singapore’s drive towards becoming a global research and development hub said the Director of Patents, Designs & Plant Varieties of IPOS”

The technology-neutral programme reflects the important role IP offices play in supporting innovators and their solutions to address global developments in sustainable development, and particularly in current times, that of public healthcare. Examples of technologies that the programme will benefit include:

Technologies with a social impact like GreenTech relating to sustainable food production, climate change, waste, water and energy management.

Technologies with healthcare impacts,  such as digital health solutions, tracing apps, ventilators and diagnostics kits.

Emerging technologies with short product lifecycle, such as FinTech, Industry 4.0, Artificial Intelligence.

Ms. Sharmaine Wu, Director of Patents, Designs & Plant Varieties of IPOS, said: “In these unprecedented times, IP Offices need to step up efforts to support solutions that deal with the global challenges. A week ago, IPOS International, a wholly-owned subsidiary under IPOS, announced a free online training course on IP essentials for businesses.”

The new scheme will replace IPOS’s two other successful initiatives, the FinTech Fast Track (FTFT) and Accelerated Initiatives for Artificial Intelligence (AI2) launched in 2018 and 2019, respectively.

Up to now, there have been 86 eligible applications under both schemes, 70% of which were filed by Singapore entities. Local companies that have obtained accelerated patent grants include Qrypted Technology and Skyrus Network.

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.

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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.

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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.

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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. 

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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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