Singapore, Feb 13, 2008: Singapore's technology transfer framework has been transformed with the formation of the Technology Transfer Network (TTN). Seven leading institutions have come together to co-operate on bolstering the commercialization of intellectual property (IP) assets through the signing of a Memorandum of Understanding (MOU).  The founding members of the TTN are Exploit Technologies Pte Ltd of the Agency for Science, Technology and Research (A*STAR), Nanyang Polytechnic, Nanyang Technopreneurship Center, Ngee Ann Polytechnic, Republic Polytechnic, Singapore Polytechnic and Temasek Polytechnic.

 

Effective IP management is critical as R&D in Singapore intensifies. The scope of the MOU covers areas such as the provision of a regular platform for Technology Transfer Offices (TTO) to share expertise and experience, creation of an eco-system of world-class market players (including service industries) focused on maximizing the commercialization potential of IP assets, and enhancing the branding and thought-leadership in technology transfer capabilities. All seven parties to the MOU are founding members of the TTN.

The MOU provides a framework of collaboration for the founders of the TTN. The first phase of TTN will include Singapore-based TTOs as members, followed by international TTOs in subsequent phases.  The Secretariat of the TTN is hosted by Exploit-Technologies on behalf of the TTN partners.

 

Launching this initiative, Mr Lim Chuan Poh, Chairman of A*STAR, said, "Singapore is intensifying its pursuit of R&D to transform the economy into a knowledge-based and innovation-driven one. TTN is a timely initiative for all the founding members to strengthen Singapore's capabilities and effectiveness in the transfer of intellectual property assets to the industry. This shared vision and commitment will provide the impetus needed to bring the public research community even closer to the industries in order to impact the economy and society. "