IPOS offers a suite of assistance programmes that help you grow your business and expand into the global markets. Find out which is suited for your business needs and explore the opportunities that awaits.

Intellectual Property Financing Scheme (retired on 31 Mar 18)

Background and Objective of the IPFS
  • The IP Financing Scheme (IPFS) was launched in 2014 to increase access to IP financing for a growing number of IP rich but asset light companies.
  • IPFS was a specific initiative towards the effort of facilitating IP transactions and kickstarting the transactions marketplace in Singapore.
  • Under the IPFS, companies can use IP as a collateral to obtain loans from the Participating Financing Institutions (PFIs) and the Singapore Government will share the risk of the IP-backed loan with the PFI.

Outcomes of the IPFS Scheme
  • In the past four years, the IPFS had mixed success in helping three companies attain IP financing of up to S$12 million.
  • Notably, the high upfront valuation costs for intangible assets was a deterrence to application.
  • The risk-reward balance of traditional debt financing may also not be a suitable vehicle for IP-based lending. 
  • Nonetheless, the IPFS had helped IPOS create market awareness that IP is a valuable asset.  The scheme will also help IPOS address the market’s demands in IP financing better in future.  

Related information

Professional Conversion Programme for IP Professionals



3 tracks

The Professional Conversion Programme for Intellectual Property Professionals (IP-PCP) is a collaboration between the Workforce Singapore (WSG) and IPOS designed to help Singapore-based companies and firms to nurture new-hires who aspire to advance their career in the IP and innovation space.

For more information, please refer to https://www.ipos.gov.sg/ippcp.  


SkillsFuture Study Award for IP Sector

The SkillsFuture Study Award is an initiative under the national SkillsFuture movement. Launched in Jan 2018, the SkillsFuture Study Award for Intellectual Property (IP) Sector is targeted at early to mid-career Singaporeans seeking to acquire or level up their IP skills. Successful applicants will each receive S$5,000, which can be used to defray expenses associated with continuing education and training for career development. The award is bond-free. 

For more details on the eligibility criteria, application period and application process of the SkillsFuture Study Award for IP Sector, please visit this page here.

Enhanced Mediation Promotion Scheme

IPOS will extend and enhance its Mediation Promotion Scheme (Enhanced Mediation Promotion Scheme ("EMPS")) for up to three years from 1 April 2019 to encourage parties in IPOS proceedings to choose mediation as an alternative to a hearing. Parties in a mediation case can receive funding of up to S$10,000 or up to S$12,000 if foreign IP rights are added to the subject-matter of mediation, regardless of the mediation outcome.

Read about a successful mediation case which benefitted from the Mediation Promotion Scheme here.

Who can apply?

  • You have an existing dispute before IPOS, and you and your counter-party agree to submit it to mediation in Singapore.
  • You agree to
    • Allow a "shadow" mediator to observe the mediation
    • Disclose your lawyer / agent fees
    • Give feedback on your mediation experience
    • Agree to named publicity, excluding details of the settlement terms
    • Co-pay at least 50% of your mediation-related lawyer / agent fees (and mediation-related disbursements charged by your lawyer / agent)
  • You and your counter-party participate in the actual mediation session on or after 1 April 2019, in any event, no later than 31 March 2022 or until the available funding is drawn down, whichever is earlier.

How to apply?

  • Submit an existing dispute before IPOS to mediation and inform IPOS of your intention to apply for funding under the EMPS, before mediation starts.
  • If you are not sure whether you will claim EMPS funding at the time you submit your dispute to mediation, you are encouraged to first inform IPOS in writing that you may do so; and update us later when you have come to a decision.
  • Submit the EMPS application form to IPOS within 1 month from the date of the payment receipt from the mediation service provider or your lawyer / agent, whichever is later.

Related information

Grants Administered by Enterprise Singapore

Local companies may apply for the following grants that are administered by Enterprise Singapore to defray eligible IP costs.

 

 Enterprise Development Grant (EDG)

  • Companies seeking to upgrade their businesses, innovate or venture overseas can defray eligible costs with EDG.
  • As of 25 October 2018, the EDG has replaced the Capability Development Grant (CDG) and Global Company Partnership (GCP) grant.
  • Click here to find out more.

 Market Readiness Assistance (MRA)

  • Companies looking to market products and services overseas can defray up to 70% of third-party costs through the MRA grant.
  • Click here to find out more.

IP Business Clinics

Make an appointment to speak with a private business consultant on IP strategies and options for businesses. Areas of expertise include IP strategy, franchising and licensing, audits and valuation, among others. The 45-minute complimentary session allows you to discuss your IP related business concerns with an external professional consultant.


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IP Legal Clinics

Do you need advice from a professional lawyer regarding IP infringement or opposition matters? Our panel of professional lawyers can provide preliminary advice so that you can make the best decision for your case.

Each session is 45-minutes and will cost approximately $200-$400, which is payable to the consulting lawyer. The fee paid for the IP Legal Clinic session can be claimed through reimbursement from IPOS.


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