IP-Backed Financing: Sharing of the Singapore Country Report

Fully digital
26 August 2021, Thursday
4:00pm – 5:30pm (SGT)​

Intangible Assets/Intellectual Property (IA/IP) are increasingly representative of an enterprise’s value. The global IA value today stands at an all-time high of more than US$65 trillion, surpassing the value of tangible assets (Source: Brand Finance 2020). The World Intellectual Property Organisation (WIPO) IP for Business Division is pleased to facilitate multilateral discourse on the topic of IP financing, with the aim of supporting enterprises in accessing capital using their IP. A series of upcoming country reports will be created in this process and we will be sharing the Singapore country report.

In the Singapore country report, the Intellectual Property Office of Singapore (IPOS), in partnership with Ernst & Young (EY), have distilled Singapore’s experience in IP financing. The Singapore country report will cover Singapore’s past experiences in working with enterprises to unlock their IA/IP value, and Singapore’s future focuses in line with the Singapore IP Strategy 2030 (SIPS 2030).

Join us for the launch of this report, to be officiated by WIPO Director-General Daren Tang, and hear from our panel of experts on international best practices and efforts in driving global collaboration in using IA/IP for financing.

Organised by
World Intellectual Property Organization (WIPO)

Co-Organised by
Intellectual Property Office of Singapore

Programme Flow

4:00pmOpening Remarks and Keynote Address on "The Role of IP Assets in Strengthening Business Access to Finance"
Speaker: Mr. Daren Tang, Director General, World Intellectual Property Organisation
4:15pmOpening remarks on "Developing a Credible and Trusted IA/IP Valuation Ecosystem"
Speaker: Mrs. Rena Lee, Chief Executive, Intellectual Property Office of Singapore
4:25pmSingapore's Experience in IP-Backed Financing: Presentation of the Country Report
Speaker: Mr. Andre Toh, ASEAN Leader for Valuation & Business Modelling, Ernst & Young Solutions LLP
4:45pmInternational Perspective of IP-Backed Financing
Speaker: Mr. Martin Brassell, Chief Executive, Inngot
5:00pmUnlocking IP-Backed Financing: Taking Stock and Looking Ahead – WIPO's Vision
Speaker: Mr. Guy Pessach, Director, IP for Business Division, IP and Innovation Ecosystems Sector, World Intellectual Property Organisation
5:15pmQ&A Session

Moderator
Ms. Allison Mages, Head, IP Commercialization Section, IP for Business Division, IP and Innovation Ecosystems Sector, World Intellectual Property Organisation

Panelists
  1. Mr. Andre Toh
  2. Mr. Martin Brassell
  3. Mr. Guy Pessach

Speakers
All participants
5:25pmClosing Remarks
5:30pmEnd of event

Panellist Information

daren-tang

Mr. Daren Tang

Director General, World Intellectual Property Organisation

Daren Tang, a national of Singapore, began his six-year mandate as Director General of the World Intellectual Property Organization (WIPO) on October 1, 2020. Prior to his appointment as WIPO Director General, he served as Chief Executive of the Intellectual Property Office of Singapore (IPOS), driving the strategic transformation of IPOS in support of Singapore’s innovation-based economy.

Between 1997 and 2012, before joining IPOS, Daren Tang held different legal positions within the Attorney-General’s Chambers and the Ministry of Trade and Industry of Singapore. In 2016, he received the Public Administration Medal from the Prime Minister's Office Singapore for outstanding efficiency and competence in the service of his country.

Daren Tang is a graduate of the National University of Singapore (Bachelor of Law, Honors) and the Georgetown University Law Center (Master of Laws, Distinction). He also attended the Advanced Management Program at Harvard Business School. He is fluent in English and Chinese.

Rena-Lee

Mrs. Rena Lee

Chief Executive, Intellectual Property Office of Singapore

Mrs Rena Lee is the Chief Executive of the Intellectual Property Office of Singapore (IPOS). Rena began her career in the public service with the Ministry of Defence in 1992, and was called to the Singapore Bar in 1993. She later joined the Attorney-General’s Chambers in 2008, and has specialised in the practice of international law, covering multiple practice areas including international humanitarian and human rights law, disarmament law, law of the sea, environmental and climate change law, and the law of privileges and immunities, and international organisations.

Rena is also Singapore’s Ambassador for Oceans and Law of the Sea Issues and the Special Envoy of the Minister for Foreign Affairs. In 2018, Rena was elected President of the United Nations Intergovernmental Conference on Marine Biological Diversity of Areas Beyond National Jurisdiction (BBNJ). Rena is also a member of the Legal and Technical Commission of the International Seabed Authority (ISA).

Rena holds a Bachelor of Laws (LLB) (1992) and a Masters of Laws (LLM) from the Faculty of Law of the National University of Singapore (1998).

Andre-Toh

Mr. Andre Toh

ASEAN Leader for Valuation & Business Modelling, Ernst & Young Solutions LLP

Andre is the Asia Pacific Leader for Valuation, Modelling and Economics. He is a member of the Valuation sub-committee (Financial Reporting Committee, ISCA).

Andre has more than 20 years of experience in various aspects of transaction advisory. He has worked extensively across a wide range of sectors, covering: Technology, Government, Power & Utilities, Infrastructure, Oil & Gas and Financial Services.

Andre has worked on numerous litigation support and valuation engagements as the Independent Expert to assist the Courts or in arbitration. These engagements relate to accounting and valuation matters in assessing damages, feasibility of business models, distribution of assets, allocation of expenses, re-construction of accounts and financial forecasts.

His key focus includes business valuations, intangible asset valuation, review of financial forecasts, due diligence and feasibility studies. 

Another area of specialization is the accounting aspects of a merger & acquisition transaction. In particular, Andre has wide experience in the valuation of intangible assets for tax purposes, purchase price allocation in a business combination as well as impairment testing.

Martin-Brassell

Mr. Martin Brassell

Chief Executive, Inngot

Martin Brassell is an expert in the use of intellectual property in business finance, and the identification, scoring and valuation processes needed to facilitate this emerging market. He has worked extensively with banks, investors, insurers and policy makers across the UK, Europe and Asia to develop new approaches that recognise the importance of intangible assets for business competitiveness and growth. 

Martin is co-founder of Inngot Limited (www.inngot.com), which provides innovative online tools to help companies ‘unlock’ their IP value. The Inngot platform enables companies to identify, explain, analyse and value all their intangible assets. The tools are now optimised for use in 14 countries and have identified over SGD1.5bn in previously ‘hidden’ value for small and medium-sized businesses.

Martin has written and co-authored a number of influential publications on IP utilisation, including commissions for IPOS to inform Singapore’s strategy as a Global IP Hub.  His international publications include Fostering the use of intangibles to strengthen SME access to finance for OECD (2019), the 2013 Banking on IP? report and 2017 Hidden Value report for the UK Intellectual Property Office. He has also co-authored a book for Oxford University Press, Economic Approaches to Intellectual Property, with Dr Nicola Searle. 

profile-guy

Mr. Guy Pessach

Director, IP for Business Division, World Intellectual Property Organisation

Mr. Guy Pessach is the Director, IP for Business Division (IPBD), IP and Innovation Ecosystems Sector (IES), World Intellectual Property Organization (WIPO).

Prior to joining WIPO, Guy was a Law Professor at the Faculty of Law, Hebrew University of Jerusalem, specializing in Intellectual Property, Law & Technology and the Creative Industries. Guy was a Fulbright Scholar, Residential Fellow at the Information Society Project, Yale Law School; a Visiting Professor at Columbia Law School, City University Hong Kong, UBC and the Center for Transnational Legal Studies, Georgetown University Law School and also an Erasmus Mundus, Visiting Scholar at the Center for Law, Society and Pop Culture, University of Westminster.

Prior to his academic career, Guy clerked for Justice Zamir at the Israeli Supreme Court and has worked at the Economic Department of the Israeli State Attorney's Office; The Israeli Antitrust Authority; the Bank of Israel and as a private legal counsel, in the area of Intellectual Property, including counselling to technology transfer offices, startups, technology and media companies.

Allison-Mages

Ms. Allison Mages

Head, IP Commercialization Section, IP for Business Division, World Intellectual Property Organisation

Ms. Mages leads a team at the World Intellectual Property Organization (WIPO) that empowers enterprises, innovators, and creators to maximize their potential through the creation and commercialization of intellectual property. This includes the Inventor Assistance Program (IAP), which connects under-resourced inventors with volunteer patent attorneys and agents to navigate the patent system. Prior to her current role, Ms. Mages headed WIPO’s legislative and policy advice section for patents and trade secrets. She collaborated with more than 45 countries and other bodies at different levels of development to update their legislative frameworks.

Prior to joining WIPO, Ms. Mages was Senior Counsel for IP at General Electric, where she most recently managed IP and technology aspects in M&A transactions. She also has extensive experience in IP policy development from the corporate perspective. Ms. Mages has worked across the innovation cycle, including as an inventor and through experience in patent analytics, drafting, prosecution, and strategic portfolio management.

Ms. Mages earned her Bachelors of Science in Biomedical Engineering from Boston University and is a graduate of the Quinnipiac University School of Law. She is a member of the Connecticut bar and is registered to practice before the United States Patent and Trademark Office.