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Our Intellectual Property today; Your Business Opportunities tomorrow While the product life cycles (PLC) of technological products are getting shorter these days, the need to maintain a competitive advantage through developing innovative, marketable products continues to be a big challenge in the business arena. To multi-national companies that have sizeable R&D budget and manpower, they might respond to the change more readily. To startup or small medium enterprises (SMEs) with limited R&D time and resources, however, this might be an overwhelming hurdle to overcome. At Institute for Infocomm Research (I²R), we have a pool of dedicated researchers who are keen to put their ‘dreams’ into real life technologies. The Institute does R&D in communications and information technology to develop holistic technologies across the ICT value chain. By licensing our technologies in the industry, I²R hopes to see that the technologies developed by our researchers can become marketable products that assist companies to maintain a competitive edge and future business growth. In the long run, the companies’ growth will help to create more job opportunities and contribute positively to Singapore’s economy. In 2003, I²R licensed 10 technologies in the industry. A local company licensed the Fast Categorization Expert (TCX) from I²R. The company hoped that the licensed technology will help them enhance their Information System through better classification and making electronic records ready for future use. The result was a very satisfied customer. The I²R technology was able to provide this requirement as the electronic records could now be classified and registered automatically. Another local company licensed two technologies from I²R: Text Information Agent (TlA) and Post-search Information Refining (POST-SIR). The company reaped the benefit of this licensed technology which helped their customers in terms of more effective browsing, querying and tagging of documents. Apart from working with local companies, I²R also licenses technologies to MNCs when the opportunity arises. An example of MNCs licensing technologies from I²R is two patents registered with RFID. Through the licensing, the MNC worked with I²R and the Institute for Microelectronics (IME) to develop a RFID chip together with tags and a reader/writer. Since its launch, this joint initiative has boosted the company’s standing in the RFID industry worldwide. If you looking for a quick, efficient way to tap into established and useful intellectual assets to add value to your products and services, without having to pay excessive amounts for trying out a new venture, licensing may be your answer.
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