Empowering Youth Innovation: Intellectual Property Protection in the Digital Age

Empowering Youth Innovation Through Intellectual Property Protection

In the spirit of World Intellectual Property Day April 26, let's pay tribute to Singapore's young innovators who are shaping the future. The creator economy, dominated by millions of content creators worldwide, has witnessed a significant shift with digitalization, leading to an estimated worth of $15 billion for influencer marketing as of 2022.

Many young people in this age group 25-34 years have transformed the marketing landscape by collaborating with global brands through blogging, vlogging, and social media content. The influence market is estimated to be valued at $20.4 billion globally and has witnessed a more than five-fold increase over just under six years.

With digital identities and global brands thriving in the digital space, both content creators and businesses must protect their unique contributions such as original works, designs, inventions, technology, brand names, etc., which are safeguarded through intellectual property IP rights like copyrights, registered designs, patents, trademarks, among others.

Here's why IP protection matters for our young minds:

Protecting Innovation

IP protection is crucial for safeguarding one’s innovations. It provides legal safeguards for original works, designs, inventions, technology, and brand names agnst unauthorized use by others.

Content creators should familiarize themselves with key IP issues arising in the digital space, including emerging platforms like the Metaverse, NFTs, , etc. They must ensure that their creations are protected through appropriate IP rights.

Young Inventors Leading the Way

Innovations such as Vietnam's mobile isolation helmet Nihelm for Covid-19 frontline workers showcase how young inventors globally are contributing to the community’s fight agnst pandemics using IP protection under patents. Their contributions have been recognized, further inspiring young inventors across Asia-Pacific.

Government Support for Youth Innovation

The Intellectual Property Office of Singapore IPOS offers various progra support innovators and entrepreneurs:

• IP Business and Legal Clinics: These provide free professional advice on securing and monetizing IP rights.

• FLINT Program: increase awareness and utilization of IP among young inventors and students, reaching over 600 participants from nine Institutes of Higher Learning.

• Trning Programs: Such as Mentoring IP Leaders IP MILE for third-year law students in legal clinics conducted by IPOS-affiliated firms, and the Young IP Mediators Initiative YIPMI, which gives law students practical experience through IP mediation activities.

The Future Is Bright: Singapore IP Strategy 2030

As we foster creativity among our youth, IP protection acts as a backbone for innovation. The Government's 10-year blueprint, Singapore IP Strategy 2030, establish Singapore as a global hub for intangible assets and intellectual property.

Invoking the Power of IP in Youth Innovation

Government agencies, educational institutions, and innovation bodies should continue engaging young people, sharing with them how IP can empower their creative endeavors. This collaborative effort is essential for nurturing future leaders who will innovate for a better future.

note:

was crafted by Dr Stanley L for The Strts Times Opinion column on April 26, 2022. Dr Stanley L serves as the Chrman of Intellectual Property Office of Singapore and Partner Head of IP Practice at Allen Gledhill LLP.

Additional Resources:

• Visit Intellectual Property Office of Singapore website

• Explore IPOS resources for startups, businesses, and students

• Connect with us on LinkedIn, Facebook, Instagram for regular updates

Stay Safe Online:

• Report any cybersecurity threats through the official channels.

• Read privacy statement and terms of use carefully before accessing.

Legal Notice:

All content ? 2024 Government of Singapore. Last updated March 20, 2024
is reproduced from: https://www.ipos.gov.sg/news/insights/ViewDetails/protecting-inventions-and-content---savvy-youth-show-the-way/

Please indicate when reprinting from: https://www.07nm.com/Pan_entertainment_video/Intellectual_Property_Youth_Innovation_Support.html