Jeffrey Tiong, co-founder and CEO of PatSnap, a Singapore-based patent search startup under the incubation program of NUS (Suzhou) Research Institute in SIP, was recently named EY Entrepreneur Of The Year (EOY) 2018 Singapore by EY, a global leader in assurance, tax, transaction and advisory services.

EY's EOY program, initiated in 1986 in the United States, is recognized as one of the most prestigious business award programs in the world. It celebrates those who are building and leading successful, growing and dynamic businesses.

PatSnap was founded in 2007, and has grown into a leading IP analysis and management platform that provides integrated solutions for R&D, IP management and product development.

"Jeffrey is an outstanding technopreneur and innovator in his use of analytics intelligence to address the information gap in the R&D industry. He did not let his youth or inexperience hold back his bold ambition. He pursued his entrepreneurial vision upon graduation with resilience and learned how to grow and lead a business. By taking strategic risks to disrupt the industry, he was able to carve out a new market and build a notable presence worldwide," said Robert Yap, chairman of the judging panel.