As you are sitting on the Board of Directors in the IP office, you should have done your research on Generic IPs, which contain no secrets and could be easily copied by others, other than that it could also be bypassed by others using the same tactics, as the costs of filing an IP is not cheap, have you really considered the potential? Even I invented Intelligent OS and 3D search, I will only patent what is impossible for someone to copy, the rest I will freely let the market develop and modify, at the end of the day, the market will decide if your technology and innovations will win over others, gone are the days of trying to file a generic patent and sit back and expect money to be rolling in, it just does not work this way today. Let me give you an example. If I am first to invent the smartphone, does it gives me the right to stop others from also creating other smartphones? No, but you can stop others to copy your technologies you put into your smartphone which is a secret, and priced it effectively based on it’s potential, or you will lose adoption based on your market share, and by sharing you will enlarge your earning potential. Contributed by Oogle.
Singapore Inventors and Patent Rights
Use Mediation not Courts to settle disputes.
I read ST’s article of 2nd Feb.2015 involving our local inventor Dr Ting Choon Meng and Mindef over infringement of patent rights and the exchanges between the two parties. It is indeed sad that the issue has turned sour and legal action was resorted to.
Singapore is aiming to be an IP (Intellectual Property ) Hub and because of our reputation, we can succeed.
So this unfortunate dispute is going to cause damage to what we want to achieve. Dr Ting is a Singaporean and has world-wide reputation as an inventor. Amongst many others, his most famous invention is a watch to monitor 24 -hour blood pressure reading.
This confrontation between the 2 parties is being watched by Singaporeans and others outside Singapore. It will look like a David vs Goliath battle and whatever the outcome, there will be severe implications for Singapore’s future as an IP hub.
Now that we are an International Mediation Centre, both parties should use MEDIATION to come to an amicable settlement. Let’s settle such disputes through mediation without the need to resort to the courts. This will save time, cost and face for all parties.