SINGAPORE ENTERPRISES BAG PRESTIGIOUS AWARDS FOR ACHIEVING OUTSTANDING GROWTH, GLOBAL COMPETITIVE ADVANTAGE WITH IP

Vapor

2019-08-27 17:36:19

Singapore, 27 August 2019 – Three innovative Singapore companies clinched top awards at the prestigious WIPO-IPOS Intellectual Property Awards 2019. The results, unveiled at the opening ceremony of IP Week @ SG 2019, saw winners who have clearly integrated intellectual property (IP) strategies into their business models and achieved outstanding growth as a result.

This year’s winners¹ are:

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Organised by the World Intellectual Property Organization (WIPO) and the Intellectual Property Office of Singapore (IPOS), the annual awards celebrate the achievements of innovative enterprises that demonstrate strategic management and commercialisation of IP and intangible assets (IA) that they create and own.

The organisers highlighted that the calibre of the 27 local and international enterprise submissions this year were outstanding. The winners stood out as they had a clear IP commercialisation strategy, approaching IP as a critical input and deftly combining various types of IP to create a competitive advantage. The award recognises their efforts and aims to further encourage other enterprises to learn from them and adopt a strategic approach towards managing their IP and IA in today’s innovation-driven economy.

As part of the judging criteria, participants were also required to articulate the social impact of their business. The winners respectively contributed to areas of renewable energy storage systems, advancing technologies in cancer diagnosis, supporting start-ups through incubators and creating gaming products and services for the disabled community.

Since its inception in 2013, a total of 21 enterprises and organisations have received the awards. They include well-known brands such as Benjamin Barker, Creative Technology, Fraser and Neave, Heptagon Micro Optics, MediaTek Singapore, MindChamps Holdings, Siemens Medical Instruments, SK Jewellery, and Unisantis Electronics Singapore, among others. The diversity of the award winners over the years reflects how IP and IA exist across sectors and industries, and can be successfully managed for international growth and expansion.

Ms Trina Ha, Director, IP Strategy Solutions, IPOS International, said, “Our WIPO-IPOS IP Award winners are leading lights of how innovation and IP can be integrated fully into the business strategy to drive enterprise growth. We wish them continuing success in their innovation journey and hope this will inspire others to discover how to leverage on their intangible assets as strategic drivers for growth.”

Mr Choo Wei-Pin, Chief Legal Officer, Razer Inc., said, “Razer is the leading global lifestyle brand for gamers with over 70 million users on our hardware, software and services platforms. From pioneering gaming hardware categories like gaming laptops to building Razer Gold, the world’s most popular virtual credit system for gamers, these achievements were made possible through the robust IP framework of Singapore and other nations. We are honoured to receive three major awards today. They are a resounding testimony to our relentless drive to innovate.”

Mr Ivan Lew, CEO and Executive Director, Biolidics Limited, said, “We are honoured to be recognised for our R&D and commercialisation efforts related to cancer diagnostic solutions. While we have a limited number of IPs, our approach in maximising the potential and expansion of our IP portfolio has been transformative to our business strategy, which has led to new partnerships, new revenue models and accessibility to new markets. More importantly, our efforts are centred on our core mission to create more meaningful impact on cancer patients and stakeholders.”

Mr Kelvin Lim, Group CEO, Durapower Holdings said, “The adoption of an innovation culture and the embracement of science and technology have allowed Durapower to be differentiated in today’s vast lithium battery market. We believe that the continued effort to create and manage cutting-edge IP as part of our global growth strategy will allow our standing in the international market to be further strengthened. Winning this prestigious award is a massive endorsement of our philosophy and beliefs.”

From left to right: Chief Executive of IPOS, Daren Tang, Senior R&D Engineer of Durapower Holdings, Dr Shen Nan, Assistant Director-General of WIPO, Naresh Prasad, Chief Legal Officer of Razer Inc., Choo Wei-Pin, Singapore Minister for Trade and Industry, Mr Chan Chun Sing, Senior Patent Attorney of Razer Inc., Nina Duan, Director of Legal of Razer Inc., Elaine Lim, CEO and Executive Director of Biolidics Limited, Ivan Lew, Chairman of IPOS, Dr Stanley Lai.

About IP Week @ SG

Themed “Ideas to Assets: Driving Enterprise Growth with IP”, IP Week @ SG 2019 promises to deliver unmatched opportunities for participants to gain exclusive insights into IP commercialisation and discover winning strategies for business success from the world’s foremost IP thought leaders, legal experts and innovative companies.

About WIPO-IPOS IP Award

The WIPO-IPOS IP Award 2019 is the pre-eminent accolade that celebrates companies that have achieved outstanding enterprise growth in innovation, transformation and commercialisation through intellectual property (IP) and intangible assets.

Annex A

Winner’s Profiles

Razer (Asia-Pacific) Pte Ltd

Razer is a leading lifestyle brand for gamers. The triple-headed snake trademark of Razer is one of the most recognized logos in the global gaming and esports communities. With a fan base that spans every continent, the company has designed and built the world’s largest gamer-focused ecosystem of hardware, software and services.

Razer’s award-winning hardware ranges from high-performance gaming peripherals (for the PC and console platforms) to the Razer Blade gaming laptops. Razer’s software platform, with approximately 60M users, includes Razer Synapse (an Internet of Things platform), Razer Chroma (a proprietary RGB lighting technology system), and Razer Cortex (a game optimizer and launcher). In services, Razer Gold is one of the world’s largest virtual credit services for gamers. Razer Pay is the e-wallet designed for youth and millennials.

Founded in 2005 and dual-headquartered in San Francisco and Singapore, Razer has 18 offices worldwide and is recognized as the leading brand for gamers in the USA, Europe and China.

Biolidics Ltd

Biolidics is a medical technology company focusing on the development of cell enrichment systems which, when combined with other analytical tests, have a wide range of applications for cancer diagnosis, prognosis, treatment selection and treatment monitoring. It has developed and commercialised a fully automated IVD medical device, the ClearCell FX1 System, which relies on a novel patented technology to separate and enrich cancer cells from blood.

Biolidics’ ClearCell FX1 System allows users of the system to perform liquid biopsies to test for the presence of cancer cells (specifically circulating tumour cells, or CTCs) in blood samples or perform further analysis on cancer cells.

Liquid biopsies (i.e. analysis of the circulating tumour cells in blood samples) have many applications throughout the various stages of a patient's cancer journey, from cancer screening and staging to personalised treatment, and post-cancer monitoring.

The ClearCell FX1 System has been installed in academic and research institutes, hospitals and laboratories across the world, including Singapore, China, Hong Kong, Japan, the US and certain EU countries.

Biolidics’ quality assurance capabilities have been recognised through its ISO 13485 certification, CEIVD, US FDA Class I registration and NMPA (formerly CFDA) Class I registration (for the MGI EasyCell System).

Durapower Holdings Pte Ltd

Durapower Technology Group (Durapower) specialises in the research and design, manufacturing and system integration of advanced lithium-ion battery technology for automotive vehicles and energy storage systems.

Durapower has a global network of customers in the electric automotive and energy storage sectors in countries including China, Europe, Japan, India and South East Asia. The company is a tier-one supplier to vehicle manufacturers and has its battery systems integrated in thousands of EVs (Electric Vehicles), HEVs (Hybrid Electric Vehicles) and PHEVs (Plug-in Hybrid Electric Vehicles) in over 20 cities in China, Europe, Japan, India and Southeast Asia countries.

Since its establishment, Durapower has achieved a remarkable 100% safety track record with more than 100 million km of operational mileage for electric automotive applications and provides energy storage solutions (ESS) on renewable micro and smart grid applications. Such ESS can be deployed at various scales including residential energy storage of as low as 2 kWh, uninterruptible power supply as backup power of 20 kWh to larger scale of mega-watt level storage solutions and can be installed for on or off Grid applications.

Durapower offers closed loop, end-to-end solutions for the EV and ESS ecosystems, from our own manufactured cells, fully integrated system, to charging infrastructure and recycling of our battery systems, powering the present and future of e-mobility and renewable energy.

Annex B

Awards Categories

WIPO Users’ Trophy

The WIPO Users’ Trophy is awarded by WIPO to a particular user of WIPO’s IP services in recognition of its early adoption or innovative use of WIPO’s international services and is awarded at the discretion of WIPO.

WIPO IP Enterprise Trophy

The WIPO IP Enterprise Trophy is awarded to the most outstanding recipient of the IPOS Award for IP Champions to recognise an organisation that has made imaginative use of IP in their business activities.

IPOS Award for IP Champions (three winners)

The IPOS Award for IP Champions is awarded to the top three organisations that have successfully achieved outstanding enterprise growth with a strong IP and IA strategy.

Panel of Judges

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