The following is an extract from a Press Release that was released by IPOS. Read the full version here.

ideas2IP is an online innovation platform designed to bring inventors and investors together to commercialise good ideas.

Targeted at giving creative Singaporeans an avenue to further their ideas, the platform provides a conducive environment to encourage disclosure of new ideas and presents the opportunity for the ideas to be brought alive by investors with the means and experience.

Aimed at bridging the gap between IP creation and exploitation, ideas2IP will allow individual inventors to come forth to share their ideas with potential investors in a safe environment. Investors with the means and experience can help to fund and guide the further development of the ideas into a form that has commercial potential.  With this platform, we hope to encourage IP owners, intermediaries and private sector companies to help turn ideas into commercial reality.

Ms Liew Woon Yin, Director-General of IPOS, said: "To stay competitive in today's globalised world, Singapore needs to compete not so much on costs and efficiency alone but more on ideas and innovation. IP is the means to that end.  In conjunction with IPOS' 10th anniversary, we are very happy to launch the IP Competency Framework which will propel IP manpower development in Singapore. In addition, as part of IPOS' continuous efforts to spur innovations, we are delighted to launch ideas2IP which will help bridge the gap between ideas creation and commercialisation."