Global appreciation of the importance and value of intellectual property (IP) has risen significantly in the past decade. From 2000 to 2010, global patent and trade mark filings increased by 45 and 40 per cent respectively. Global royalty and licensing revenue has more than doubled to over US$200 billion. The global economy has awakened to the impact of intellectual property as a key driver of economic growth. IP in Asia has also grown significantly. East Asia has overtaken North America and Western Europe in the number of international patent applications filed under the Patent Cooperation Treaty (PCT).
Poising itself to ride the wave of IP growth and establish itself as Asia’s IP hub, Singapore set up an IP Hub Steering Committee last year to formulate an IP Hub Masterplan to guide Singapore’s development in this area. In March 2013, the Committee … Read More »