Updated: 01/25/2014 00:08

Steady progress seen in Singapore's IP sector

Steady progress seen in Singapore's IP sector

The Intellectual Property Office of Singapore, IPOS, says the IP sector saw steady progress last year. 

It said more than 300 new high value-added jobs were created in the sector. 

IPOS says the legal industry recruited 68 lawyers to practice IP and the technology industry boosted its IP managers by another 100. 

As a result of more R&D offices being set up or relocated in Singapore, the IP service providers saw more than 80 new patent and trademark agents coming to the market. 

And there were 54 more business consultants practicing IP in the business advisory sector. 

IPOS says a key driver behind this high value job creation lies in the increase in demand for IP services. 

Total trademark applications have increased by close to 15 per cent over the past two years to some 40,000. 

Patent applications by locals have also seen a six per cent increase.

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