9 November, 2018
Sino-Singapore Guangzhou Knowledge City's latest development: The "International Intellectual Property Innovation Service Centre"
As part of Singapore and Guangzhou's state-level bilateral cooperation project "Sino-Singapore Guangzhou Knowledge City" ("SSGKC") located in Guangzhou, the IPOS enterprise engagement arm (IP ValueLab) signed a Memorandum of Understanding with the Sino-Singapore Guangzhou Knowledge City Administrative Committee and Sino-Singapore Guangzhou Knowledge City Investment and Development Co. Ltd to set up the "International Intellectual Property Innovation Service Centre" ("IIPISC").
To complement SSGKC's aim of enhancing Sino-Singapore collaboration in high- tech and creative industries and capitalising on the existing long-standing partnership between Singapore and the Guangdong province, the IIPISC has been established to bring Singapore and Guangzhou's innovation hubs closer together, facilitating the translation of intellectual property into products and services through a variety of initiatives, notably:
(a) providing Chinese businesses the opportunity to leverage on Singapore's expedited IP application processes and networks, granting them accelerated access to more than 70 markets; and
(b) providing Singapore businesses access to IP consultancy services, which will assist them in penetrating the markets of China's Greater Bay Area and beyond.
With the growth of China's interest in ASEAN and vice versa, this is a welcome development as well as a unique opportunity in which businesses in China and ASEAN can take advantage in order to further expand business initiatives across the region and beyond.
For more information on the IIPISC, please refer to the IPOS media release here.
For further information, please contact:
Andy Leck, Principal, Baker & McKenzie.Wong & Leow
andy.leck@bakermckenzie.com
