The Singapore government has announced three initiatives to spur innovation through tech transfer, talent development and smart capital. This includes the launch of an enhanced IP framework, the National IP Protocol, to encourage public agencies to work closely with enterprises, who can develop them into products and services that create economic and social value for Singapore.
The National IP Protocol will grant public agencies the flexibility to grant exclusive licences, non-exclusive licences, and even assign IP to industry – with the end-goal of facilitating commercialization. It will also continue building the government’s community of IP experts skilled in taking publicly-funded innovations to market.
