Singapore as the New IP Hub
Singapore set up an IP Steering Committee back in 2012 to design a master plan for developing Singapore as an IP hub in Asia. The recommendations from the Committee were accepted in April 2013. Three key strategic areas where identified in the recommendations:
1. setting Singapore up as an international transaction hub for intellectual property rights,
2. setting Singapore as an international center for quality IP filings,
3. setting up Singapore’s dispute infrastructure so IP disputes can be settled quickly and effectively in Singapore.
Please follow future posts as implementation plan emerges and are put to work.
2012 Promotion Plan for China’s National Intellectual Property Strategy
The National IP Strategy contains top-level guiding principles promulgated by the State Council in 2008, and it has entered its 4th year. The Office of the Inter-Ministerial Joint Meeting for the Implementation of the National Intellectual Property Strategy issues an action plan on a yearly basis to promote and achieve goals set out in the National IP Strategy.
There are eight major missions under this year’s Promotion Plan ranging from improving the QUALITY (rather than quantity) of IP generated in China, to promoting an IP culture in China. We can observe a closer integration between the Chinese government’s overall economic goals, and its IP goals. For example, one of the KPI in the 12th Five-Year Plan is the number of patents per 10,000 people. Somehow, the number of patents owned per 10,000 Chinese has become a key economic indicator!!! Of course, I do see that the patent filing increase is most likely a reliable reflection of the government’s success in encouraging and helping private enterprises to increase their R&D spending.