Singapore's IPOS last week announced the first IP financing deal under IPOS' IP Financing Scheme (IPFS) which helps IP-rich companies monetise their IP for business growth and expansion. A loan through DBS was arranged for Masai Group International, a Singapore owned specialist footwear business, backed by its patents. Masai Group CEO Andy Chaw stated “We are honoured to be the first company in Singapore to have successfully obtained the IP financing to unlock the value of our intellectual property. With the financing, we will continue to invest and strengthen our global IP portfolios and brand marketing, as well as continue our research and development efforts in new technologies and products development.” Various Singapore banks participate in the system and UOB has announced that it has a pipeline of deals coming through soon. This certainly makes Singapore more attractive for IP ownership.
Wednesday, June 15, 2016
Singapore and IP financing
Singapore's IPOS last week announced the first IP financing deal under IPOS' IP Financing Scheme (IPFS) which helps IP-rich companies monetise their IP for business growth and expansion. A loan through DBS was arranged for Masai Group International, a Singapore owned specialist footwear business, backed by its patents. Masai Group CEO Andy Chaw stated “We are honoured to be the first company in Singapore to have successfully obtained the IP financing to unlock the value of our intellectual property. With the financing, we will continue to invest and strengthen our global IP portfolios and brand marketing, as well as continue our research and development efforts in new technologies and products development.” Various Singapore banks participate in the system and UOB has announced that it has a pipeline of deals coming through soon. This certainly makes Singapore more attractive for IP ownership.
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