IPOS to invest S$65m to ramp up IP manpower, capabilities

IPOS to invest S$65m to ramp up IP manpower, capabilities

The Intellectual Property Office of Singapore (IPOS) will invest S$65 million to ramp up intellectual property manpower and capabilities in Singapore this year.

SINGAPORE: The Intellectual Property Office of Singapore (IPOS) will invest S$65 million to ramp up intellectual property manpower and capabilities in Singapore this year.

IPOS said this would support Singapore's vision to become a global intellectual property (IP) hub in Asia.

IPOS said demand for IP professionals is expected to double in the next eight to 10 years from the current pool of about 2,000.

To help drive IP manpower development in Singapore, IPOS has rolled out a development framework called the IP Competency Framework (IPCF).

The framework is now available on the IPOS website at www.ipos.gov.sg/ipcf.

The framework gives guidelines on career development of IP professionals and those interested in joining the IP profession.

The IPCF maps out competencies needed and projects suitable pathways for a professional career in IP.

The IPCF sets the standard for five core professional job types in the IP industry - patent agent, IP lawyer, IP management director, IP strategist and IP valuation analysts.

IPOS said this mirrors established practices in the US, the UK and Germany.

IPCF will be the reference document for all training providers like the universities, polytechnics, and specialist schools that intend to conduct courses for IP professionals.

IPOS said up to 55 training courses will be launched this year and will be run by its subsidiary, IP Academy. 28 of these courses will be WSQ-certified modules.

IPOS will also establish an IP certification unit to work with professional bodies to qualify training providers and ensure professional certifications of IP knowledge workers in the industry.

The professional bodies include the Association of Singapore Patent Agents, Singapore Academy of Law (SAL), Law Society, and the Singapore Business Advisors and Consultants Council (SBAC).

Source: CNA/xq

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