Under the Patent Cooperation Treaty (PCT), innovators in Singapore now have cost-efficient access to a growing list of markets (including U.S. and Indonesia) when they utilise the Patent Search and Examination services by IPOS-I.
At the sidelines of the 55th World Intellectual Property Organization (WIPO) General Assembly in Geneva, Switzerland, the United States Patent and Trademark Office (USPTO) and the Directorate General of Intellectual Property (DGIP) of Indonesia appointed the Intellectual Property Office of Singapore (IPOS) as a competent International Searching Authority (ISA) and International Preliminary Examining Authority (IPEA), for patent applications entering their respective markets under the Patent Cooperation Treaty (PCT).
Under the PCT, innovators in Singapore and Singapore-based technology companies would have cost-efficient access to a growing list of markets, such as Vietnam, Mexico, Brunei, Japan, Laos, and the two new additions i.e. U.S. and Indonesia, when they utilise the Patent Search and Examination services provided by IPOS-International. This is in addition to the Patent Prosecution Highways offered by Singapore that expedite patent applications to over 30 countries, including key economies such as Europe, China, Japan, Korea and ASEAN.
Singapore’s robust IP regime has often been cited as a key factor that underpins global conglomerates’ decisions to establish their regional headquarters in the country. These include companies such as Procter and Gamble, Mead Johnson and over 30 leading biomedical sciences multinational companies.
“This memorandum highlights how important the cooperative relationship between the United States Patent and Trademark Office and the Intellectual Property Office of Singapore is,” said Under Secretary of Commerce for Intellectual Property and Director of the USPTO, Ms Michelle K. Lee. “The programme will promote consistency in practices and spur greater innovation.