Empowering Businesses in Singapore with IA and IP Solutions

Navigating the complex world of intellectual property and intangible assets (IA and IP) can be daunting for many businesses. Recognising this challenge, GoBusiness IP Grow was launched in September 2023 as a free self-service platform designed to simplify this journey. The platform helps businesses find the right support to manage and maximise the value of their IA and IP.

A comprehensive directory at your fingertips

For many businesses, IA and IP such as patents, trademarks, and copyrights are critical assets that can significantly boost market competitiveness and revenue. However, understanding what types of services are needed and finding the right providers can often lead to confusion and missed opportunities.

This is where GoBusiness IP Grow steps in. The platform offers access to 140 service providers across 20 categories, encompassing both legal and non-legal offerings.

Each service provider's profile includes essential information such as project experience and pricing, helping businesses to find the right fit based on their specific needs and budget - information that is not available on other public platforms.

Impact and Innovation Over One Year

Since its inception, GoBusiness IP Grow has empowered enterprises to make more informed decisions and facilitated business deals in their IA and IP journey.

It has become a valuable resource for businesses, benefitting more than 16,000 users by providing them with information on IA and IP solutions and resources. The platform has received over 2,000 requests from users looking to get in touch with listed service providers. Over 90% of these listed providers have received at least 1 request from users.

According to surveys, at least 10% of listed providers have reported successfully closing deals through GoBusiness IP Grow. Among these closed deals, 80% are in the IP Search and Registration category (such as trade mark and patent services), while 14% are in the Commercialisation and Financing category (such as valuation with IA and IP considerations). Over 60% of registered patent agents firms in Singapore are listed on the platform.

The platform’s two digital advisers have also been used over 2,000 times, helping enterprises identify their IA and IP needs and recommend suitable providers.

The I have an IP Question feature, designed to support enterprises in the early stages of their IP journey, has been gaining interest, highlighting the demand for personalised assistance from the get-go.

Ms Serene Tan, a health practitioner at Ikigai Medical, shared:

"I feel more confident about my IP challenges after using the IP Question feature. The different responses gave me different perspectives.”

Feedback from both enterprises and service providers have been positive:

Matthew English, Partner at Marks & Clerk Singapore: “We are truly grateful for the dedication and effort put into making this platform user-friendly and highly informative.”

Hardik Dobariya, co-founder of manufacturing platform Factorem: “What we found most valuable on GoBusiness IP Grow were the IA/IP service directories… complete with individual hourly rates and areas of specialty… streamlined the process of reaching out to these providers.”

GoBusiness IP Grow’s impact was also highlighted on MediaCorp’s Channel 8 news segment, where local brands Sunnystep and Express Print shared how they used the platform to advance their IP journeys.