CASE STUDIES: PATENTS
Scenario 1: Company A wishes to file for patent in Singapore and requests for a
search-then-examination process. How much cash payout could Company A receive
if it applies for Productivity Innovation Credit (PIC) scheme?
Form Process Fees ($)
PF1 Submit Patent Application $160
PF10 Request for Search $1,925
PF12 Request for Examination $1,350
PF14 Request for Patent Grant $200
Pre-Grant Sub-Total $3,635
Cash Payout Received Under PIC 60% x $3,635 = $2,181
Scenario 2: Company B wishes to file for patent in Singapore and requests for a
search-then-examination process. How much tax savings can Company B receive in
its Income Tax Return for YA 2013 if it claims for tax deduction using Productivity
Innovation Credit (PIC) scheme?
Form Process Fees ($)
PF1 Submit Patent Application $160
PF10 Request for Search $1,925
PF12 Request for Examination $1,350
PF14 Request for Patent Grant $200
Pre-Grant Sub-Total $3,635
Tax Allowance $14,540
(400% X $3,635)
Tax Savings (Based on Corporate Tax Rate of 17%) Up to $2,472 Tax Savings (17% X 14,540)
Scenario 3: Company C wishes to file for patent in Singapore and requests for a
combined search and examination process. How much cash payout could Company C
receive if it applies for Productivity Innovation Credit (PIC) scheme?
Form Process Fees ($)
PF1 Submit Patent Application $160
PF11 Request for Search & Examination $2,600
PF14 Request for Patent Grant $200
Pre-Grant Sub-Total $2,960
Scenario 4: Company D wishes to file for patent in Singapore and requests for a
search and examination process. How much tax savings can Company D receive in its
Income Tax Return for YA 2013 if it claims for tax deduction using Productivity
Innovation Credit (PIC) scheme?
Form Process Fees ($)
PF1 Submit Patent Application $160
PF11 Request for Search & Examination $2,600
PF14 Request for Patent Grant $200
Pre-Grant Sub-Total $2,960
Tax Allowance
$11,840
(400% X $2,960)
Tax Savings (Based on Corporate Tax Rate of 17%)
Up to $2,013 Tax Savings (17% X 11,840)
Scenario 5: Company E wishes to file for patent in Singapore and wants to seek the
services of a practicing registered patent agent. What are the costs considerations?
While it is not a requirement to engage a patent professional, businesses can consider seeking the services of a practicing registered patent agent. Services provided by a registered patent agent or lawyer include giving advice on the making of any pre-application disclosure and on the patentability of an invention, conducting searches on existing inventions, drafting of the patent specification and prosecuting the patent application before the Registrar of Patents.The professional fees will depend on the complexity of the inventions, the route chosen by the applicant, and the objections which may be raised. Company E can also consider applying for Productivity Innovation Credit (PIC) scheme to offset the costs incurred.
Patent Filing Activities Indicative Fees Range ($)
Prior Art Search $3,000 - $7,000
Drafting $5,000 - $15,000
Professional fees for filing patent application to obtaining grant of patent
$2,000 - $4,000 Total Professional Fees to Patent Agent $10,000 - $26,000
Scenario 6: Company F wishes to file for patent in Singapore and wants to tap on the
grants available from IPM for SMEs Programme. Can Company F get funding support?
If so, how much?
It is possible for Company F to get funding support for the cost of patent registration, if it is crucial for the proposed IPM project, which is supported by the IPM for SMEs Programme. The key project cost components which are supported under the Programme include: (a) Manpower actively involved in the project, (b) Consultancy Services engaged for the project, and (c) IP Registration/Acquisition costs incurred in the project. The disbursed amount would be up to 70% of the total costs.
Please see below for a sample calculation of the amount of funding support: Cost Component for Licensing
Project
Sample Qualifying Project Cost ($)
(Upon IPOS' assessment of company's project proposal)
Resultant Grant Supported (Currently at up to 70% of Qualifying Project Cost)
Manpower involved in the project $20,000 $14,000 Consultancy Services
(Fees paid to consultant appointed to the IPM for SMEs project)
$70,000 $49,000
Patent Registration
(Inclusive of professional fees to file for patent)
$10,000 $7,000
Total Project Cost $100,000 $70,000
Maximum grant amount which could be reimbursed upon project completion
$70,000
CASE STUDIES: TRADE MARKS
Scenario 1: Company A wishes to file for trade mark in Singapore. How much cash
payout could Company A receive if it applies for Productivity Innovation Credit (PIC)
scheme?
Form Process Fees ($)
TM 4 Submit Trade Mark Application $341
Cash Payout Received Under PIC 60% x $341 = $204.60
Scenario 2: Company B wishes to file for trade mark in Singapore. How much tax
savings can Company B receive in its Income Tax Return for YA 2013 if it claims for
tax deduction using Productivity Innovation Credit (PIC) scheme?
Form Process Fees ($)
TM 4 Submit Trade Mark Application $341
Tax Allowance $1,364
(400% X $341)
Tax Savings (Based on Corporate Tax Rate of 17%) Up to $232 Tax Savings (17% X $1,364)
Scenario 3: Company C wishes to file for trademark (one mark in one class) in
Singapore and wants to seek the services of a legal professional. What are the costs
considerations?
The professional fees will depend on the nature of the trademark, and the objections which may be raised. Company C can also consider applying for Productivity Innovation Credit (PIC) scheme to offset the costs incurred.
Trademark Filing Activities Indicative Fees Range ($)
Prior Art Search $100 - $500
Professional fees for filing trademark application to obtaining grant of trademark
$1,000 - $5,000
Total Professional Fees $1,100 - $5,500
Scenario 4: Company D wishes to file for trade mark in Singapore and wants to tap on
the grants available from IPM for SMEs Programme. Can Company D get funding
support? If so, how much?
It is possible for Company D to get funding support for the cost of trade mark registration, if it is crucial for the proposed IPM project, which is supported by the IPM for SMEs Programme. The key project cost components which are supported under the Programme include: (a) Manpower actively involved in the project, (b) Consultancy Services engaged for the project, and (c) IP Registration/Acquisition costs incurred in the project. The disbursed amount would be up to 70% of the total costs.
Cost Component for Franchising Project
Sample Qualifying Project Cost ($)
(Upon IPOS' assessment of company's project proposal)
Resultant Grant Supported (Currently at up to 70% of Qualifying Project Cost)
Manpower involved in the project $17,500 $12,250 Consultancy Services
(Fees paid to consultant appointed to the IPM for SMEs project)
$80,000 $56,000
Trade Mark Registration
(Inclusive of professional fees for the filing of Trade Mark)
$2,500 $1,750
Total Project Cost $100,000 $70,000
Maximum grant amount which could be reimbursed upon project completion
$70,000
CASE STUDIES: DESIGNS
Scenario 1: Company A wishes to file for designs in Singapore. How much cash
payout could Company A receive if it applies for Productivity Innovation Credit (PIC)
scheme?
Form Process Fees ($)
D 3 Submit Designs Application $250
Cash Payout Received Under PIC 60% x $250 = $150
Scenario 2: Company B wishes to file for trade mark in Singapore. How much tax
savings can Company B receive in its Income Tax Return for YA 2013 if it claims for
tax deduction using Productivity Innovation Credit (PIC) scheme?
Form Process Fees ($)
D 4 Submit Designs Application $250
Tax Allowance $1,000
(400% X $250)
Tax Savings (Based on Corporate Tax Rate of 17%) Up to $170 Tax Savings (17% X $1,00)
Scenario 3: Company C wishes to file for design in Singapore and wants to seek the
services of a legal professional. What are the costs considerations?
The professional fees will depend on the nature of the design, and the objections which may be raised. Company C can also consider applying for Productivity Innovation Credit (PIC) scheme to offset the costs incurred.
Design Filing Activities Indicative Fees Range ($)
Prior Art Search $100 - $500
Professional fees for filing design application to obtaining grant of design
$1,000 - $2,500
Total Professional Fees $1,100 - $3,000
Scenario 4: Company D wishes to file for design in Singapore and wants to tap on the
grants available from IPM for SMEs Programme. Can Company D get funding support?
If so, how much?
It is possible for Company C to get funding support for the cost of designs registration, if it is crucial for the proposed IPM project, which is supported by the IPM for SMEs Programme. The key project cost components which are supported under the Programme include: (a) Manpower actively involved in the project, (b) Consultancy Services engaged for the project, and (c) IP Registration/Acquisition costs incurred in the project. The disbursed amount would be up to 70% of the total costs.
Cost Component for IP Audit Project
Sample Qualifying Project Cost ($)
(Upon IPOS' assessment of company's project proposal)
Resultant Grant Supported (Currently at up to 70% of Qualifying Project Cost)
Manpower involved in the project $18,500 $12,950 Consultancy Services
(Fees paid to consultant appointed to the IPM for SMEs project)
$50,000 $35,000
Designs Registration
(Inclusive of professional fees to the filing of designs)
$1,500 $1,050
Total Project Cost $70,000 $49,000
Maximum grant amount which could be reimbursed upon project completion
$49,000
