30 Apr '17, 1am

Commentary: Intellectual property can power innovation and build Singapore's future economy - Channel NewsAsia

SINGAPORE: In an age of disruptive change, where technology breakthroughs are rapidly displacing old products, many say innovation is key to levelling the playing field globally and supporting our future economy. For one, businesses need to seize opportunities to harness creativity to introduce new ideas, products and services that add value to the global marketplace, to remain competitive in this evolving landscape. INTELLECTUAL PROPERTY GIVES RIGHTS TO INNOVATION TO THE CREATORS Innovation can be thought of as an idea that adds value to a business and its customer, and the outcome of a process in which something new has been brought to market. In one sense, research and development is nothing without enterprise and commercialisation, and the term innovation captures this idea. And if innovation is a key driver of economic growth, intellectual property (IP) is then a stra...

Full article: http://www.channelnewsasia.com/news/business/commentary-i...

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