News in brief: Asia, IP guidance, growth

News in brief
News in brief

British subsea companies urged to consider opportunities in Asia

The potential for British expertise in the subsea hubs of Indonesia, Singapore and Malaysia will be explored at the fifth annual Subsea Asia conference this week.

Organised by industry body Subsea UK and sponsored by Wood Group Kenny (WGK), the event takes place at the Dharmawangsa Jakarta Hotel, Indonesia on Tuesday 24 November.

Subsea Asia provides a platform for suppliers in the offshore industry to meet potential clients and showcase technology and expertise that can meet the demand in Asia – a region which continues to grow despite the lower oil price.

Chief executive of Subsea UK Neil Gordon said: "At a time when output from mature wells is declining and Asia's need for energy is at its highest, operators are being pushed to explore more difficult fields in the search for oil and gas.

IP guidance for UK-China collaborations

A new toolkit to helps British and Chinese universities and industry manage Intellectual Property (IP) in UK-China collaborative research projects has been launched.

The Intellectual Property Office has worked with Anjie Law Firm in China, as well as technology transfer and IP licensing experts from both the UK and China to develop the toolkit.

The aim of the toolkit is to help non-IP experts handle issues relating to the ownership and exploitation of IP rights generated in collaborative efforts between the UK and China.

The toolkit comprises guidance notes explaining both the UK and China context and links to the UK’s Lambert toolkit containing nine model agreements. It is available here.

UK leads western economies in start-up growth

New business creation is accelerating more quickly in the UK than in any of its Western rivals, with a 51% increase in the number of new businesses over the last five years, up from 385,741 in 2010 to 581,173 in 2014, shows a new study by UHY Hacker Young, the national accountancy group.

UHY Hacker Young analysed data on new business registrations over the last five years in 22 countries across its international network, including the G7 and the BRIC nations (Brazil, Russia, India, and China).

It reveals that since the depths of the global recession in 2010, the rate at which new businesses were established in the UK was second only to China’s.

UHY Hacker Young’s study shows that Western European economies tended to see a bigger increase in the number of new business ‘births’ compared to other developed economies. The UK, Italy, Germany, and France all had rates of new business creation above the G7 average of 31%.