Singapore, Kazakhstan to link innovation ecosystems

AKIPRESS.COM - The Intellectual Property Office of Singapore (IPOS) has signed a tripartite memorandum of understanding with the Astana Financial Services Authority (AFSA) and the Ministry of Justice of Kazakhstan aiming to link their innovation ecosystems, IPPro Magazine reports.
The agreement proposes the establishment of an IP and innovation service centre in the Astana International Financial Centre (AIFC) where IPOS will lend its deep IP expertise and services as a partner and advisor to the AIFC in building its IP and innovation ecosystem.
IPOS and AIFC will also examine the provision of IP management consultancy services and customised training programmes to support innovative enterprises to use the AIFC to commercialise its IP and intangible assets as well as expanding into global markets.
Singapore and Kazakhstan signed a bilateral investment treaty in November last year. This new agreement will further strengthen the economic linkage and innovation flows between the two economies.
Singapore and Kazakhstan are also part of on-going negotiations on the Eurasian Union-Singapore Free Trade Agreement (EAEU-Singapore FTA) that goes beyond traditional trade in goods, to include e-commerce as well as IP rights.
Daren Tang, chief executive of IPOS, said: "Singapore and Kazakhstan have always shared a strong friendship and trade relations. As the economic ties between our countries and regions grow, we have found a collective interest in using IP and innovation to drive high-value economic growth."
Almat Madaliyev, the vice-minister of justice of Kazakhstan, added: "As the government agency in charge of IP policy in Kazakhstan the Ministry of Justice comprehensively supports this initiative."