Post by Intellectual Property Office of Singapore (IPOS)

At the 78th ASEAN Working Group on IP Cooperation (AWGIPC), we joined fellow ASEAN member states and Dialogue Partners to advance discussions on IP initiatives and activities to strengthen the regional IP ecosystem. Together, we launched ASPEC+, which builds on the established ASPEC framework and aims to deliver more closely harmonised patent reports and committed timelines by the ASEAN IP offices. For businesses and innovators in ASEAN and beyond, this means more predictable patent examination outcomes and timelines, providing them greater confidence to scale their business across the region. Alongside this, Singapore was among panel experts from The World Bank Group, the European Union, South Korea's Ministry of Intellectual Property and the International Valuation Standards Council (IVSC) who participated at the SCOPE IPR Seminar on Valuation and IP-Backed Finance. We shared Singapore's approach to IP disclosure, valuation, and financing – which is shaped by close collaboration with enterprises and the financial ecosystem. The exchange surfaced a common priority across markets: translating IP rights into tangible business value and investable assets that drive enterprise growth and innovation. These discussions reflect a collective commitment amongst ASEAN member states, towards connected and enterprise-relevant IP ecosystems. We look forward to building on this momentum with regional partners. #intellectualproperty #ASEAN