Innovation-driven enterprises from Russia will soon be able to scale up and gain greater access to high growth market opportunities in Asia through Singapore. Earlier of November 14 at Enterprise Singapore, Singapore Senior Minister of State for Trade & Industry, Dr Koh Poh Koon, and Russian Deputy Prime Minister, Maxim Akimov, witnessed the exchange of a Memorandum of Understanding (MOU) between IPOS International (IPOS-I), the international arm of the Intellectual Property Office of Singapore (IPOS), and the Internet Initiatives Development Fund (IIDF), Russia’s most active venture capital fund and accelerator.Adopting a “through Singapore” strategy, the MOU aims to connect the innovation ecosystems of both countries and support innovative enterprises from Russia to use Singapore as a base to access Asian growth markets.The scope of cooperation will see IPOS-I partnering with IIDF to give Russian enterprises access to strategic IP management consultancy services, bespoke patent search and analytics as well as customised training programmes and workshops. These services will enhance the IP expertise and market know-how of companies under IIDF’s portfolio seeking to scale up into Asia. At the same time, IIDF will assist innovative Singapore enterprises with knowledge of and access to the Russian innovation ecosystem.

Source: IPOS