The Intellectual Property Office of Singapore (IPOS) announced a new initiative to support innovative enterprises as they enter global markets. The initiative is called the Intellectual Property Insurance Initiative for Innovators (IPIII), and it will give innovative enterprises insurance coverage for legal expenses that may be incurred in intellectual property (IP) infringement proceedings worldwide.
The IPIII initiative was announced this week by Minister for Education Ong Ye Kung in his keynote address at the Singapore Bicentennial 1819 – 2019, hosted by City of London Corporation. Minister Ong was part of an official delegation comprising Senior Minister Tharman Shanmugaratnam and Coordinating Minister for Social Policies, and Dr Tan Wu Meng, Senior Parliamentary Secretary for Foreign Affairs and Trade and Industry.
Innovators with SG Patent can get cost-saving insurance policy.