OpenGov is recognising IPoS for transforming itself from an IP registry and regulator into a key builder of Singapore’s innovation ecosystem. In August last year, IPOS announced a series of initiatives to strengthen Singapore’s innovation ecosystem and build capabilities to help enterprises innovate and scale up.
IPOS and home-grown private equity firm, Makara Capital launched a S$1 billion fund to help innovators and enterprises translate their ideas into assets and support their expansion into world markets using Singapore as a base.
IPOS lalso signed a MoU with the Singapore Business Federation (SBF) to collaborate in driving enterprise growth through IP and innovation. its subsidiary IP Value Lab has developed products and tools to help Singapore companies better understand their intangible assets and to manage it, including an IP audit and strategy.