In keeping up with global news, we’ve compiled the latest information in regards to intellectual property and patent development around the world.
Back in April, the Intellectual Property Office of Singapore (IPOS) announced a $1B fund to help businesses develop their products, strengthen IP and compete globally. Known as the Makara Innovation Fund, it is a partnership between IPOS’s arm IPValue Lab and and private equity firm Makara Capital, according to Business Times.
Recently, India signed a MoU with Sweden on IPR cooperation, “aimed at benefiting entrepreneurs, investors and businesses,” according to Economic Times. The MoU will promote an exchange of best practices, and experiences and IP knowledge between institutions of the two countries. Additionally, a joint coordination committee will be formed to put these activities into practice.
A specialized police force in the UK that tackles IP crime has secured additional funding from the Intellectual Property Office, according to The Law Society Gazette. The Police Intellectual Property Crime Unit (PIPCU)–which had set up an online portal to cut funding for illegally streaming websites and has worked on behalf of the Premier League and Sky Media– will receive an extra 3.32M pounds to stay operational until 2019.