“… The world has moved on to services and now increasingly digital and intellectual property, which need much more complicated rules.” (Prime Minister Lee Hsien Loong, Keynote Address, 18th IISS Shangri-La Dialogue, 31 May 2019.)
Intellectual Property (IP) is becoming increasingly important in today’s context as a defining factor for business success, as the world moves into the next phase of digitalisation.
With the potential of technologies like 5G and AI to build a whole new range of products and services, bigger international players are locked in a race for global tech supremacy, with intellectual property as a key strategy to secure their territories. For example, companies all around the world are battling to secure their patents for the 5G technology which is been envisioned to be the next frontier technology.The number of 5G patents filed has grown exponentially from 1662 in 2010 to 5600 in 2018, with the top contenders being companies based in China, US, Europe, Korea and Japan (IAM, 2018). Also, Artificial Intelligence (AI) has also given rise to more than 180,000 worldwide AI-related patent inventions, published over the short period of 2008 to 2017 (IMDA, 2017).
Amidst an increasingly complex trade environment and global competition between tech giants, how can smaller markets and Singapore enterprises make sure they get their IP management strategies right, to help them navigate the IP issues in their overseas ventures?
We invite you to join your fellow CEOs for a business luncheon to exchange views on your enterprise journey navigating this complex environment. In its third edition, the CEO luncheon is organised by IPOS and held in conjunction with IP Week @ SG 2019.
Mr Ng How Yue, Permanent Secretary, Ministry of Law
About the Speakers
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Paul Michael Scanlan