Singapore, 26 April 2017 – Innovators and enterprises in Singapore will soon benefit from a range of new initiatives that helps them translate their ideas into assets. This includes the launch of a one-billion dollar Makara Innovation Fund (MIF) by the Intellectual Property Office of Singapore (IPOS) and home-grown private equity firm, Makara Capital. Commercially-driven, MIF will target high-growth companies with strong IP and proven business models, leveraging Singapore as a base for their growth and expansion into world markets. This was announced by IPOS and Ministry of Law today, along with updates to the IP Hub Master Plan. 

IPOS, through its enterprise engagement arm, IP Value Lab, and Makara Capital have established a one-billion dollar Makara Innovation Fund (MIF). MIF is Southeast Asia’s first private equity investment fund that sources IP-driven companies internationally and capitalises on cross-border regional expansion. This pilot project leverages on IPOS’ strong IP expertise and networks, along with Makara Capital’s commercially-driven investment approach and private equity expertise. It will invest $30 to $150 million across 10-15 IP-rich and high-growth potential companies with globally competitive technologies from anywhere in the world, including Singapore. These companies will then tap on Singapore’s IP ecosystem to help them deepen their value creation, compete effectively and expand into the global markets. Employing a “from Singapore and through Singapore” approach, MIF will help to anchor the nation as a destination for ideas to be translated into assets and revenue.