New app helps firms register trademarks , Latest Business News - The New Paper

New app helps firms register trademarks

This article is more than 12 months old

Companies looking to register their trademark can file it directly with Intellectual Property of Singapore (Ipos) through an app the government agency developed.

Called Ipos Go, the app will speed up the application process, Ipos said yesterday.

Firms will take less than 10 minutes to apply for a trademark, down from the 45-minute to an hour-long average, Ipos added.

The app is an additional option for filing a trademark, on top of other platforms such as Ipos' e-services website and third party agencies.

The increased ease of doing this will benefit companies as they strive to set themselves apart in a crowded marketplace, Ipos noted, pointing out that trademark applications in Singapore have increased by 30 per cent over the last five years.

Ipos said applicants can also track their registration status, be notified of updates, or file for trademark renewals through the app.

Applicants pay $240 as the filing fee to register a single trademark in any class in Singapore, and a registered trademark is valid indefinitely as long as companies renew their registrations every 10 years at a fee of $380 a class.

The app also uses artificial intelligence (AI) to search for similar trademarks on the Ipos register, and will stop applicants from filing for trademarks that are too similar to existing ones, Ipos said.

This new feature is essential as more than 40 per cent of the world's trademarks filed today contain images, the agency added.

Intellectual property lawyer Alban Kang from Bird & Bird ATMD pointed out that the app's impact may be limited because applying for trademarks may require "quite a bit of to-and-fro" with Ipos, depending on how many and how complex the applications are.

Still, Associate Professor Lawrence Loh at the National University of Singapore Business School said Ipos Go would appeal to a broader spectrum of applicants, especially those who are well-anchored in mobile platforms.

"It has new intrinsic capabilities, including leveraging AI, that not only enhance convenience and efficiency, but also utility and effectiveness," he added. - THE STRAITS TIMES