A billion-dollar fund has been launched to groom high-growth companies to take on the world while using Singapore as a regional base. The initiative was one of several announced by the Intellectual Property Office of Singapore (Ipos) yesterday, as part of efforts to drive innovation and help more companies turn their intellectual property (IP) into assets.
These moves come after the Committee on the Future Economy recommended in its report in February that Singapore tap IP as a key driver of economic growth.
