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China Sets Up Fund to Protect Patent
China will set up a special fund to help domestic enterprises apply for technology patents overseas, a senior official was quoted as saying by Friday's Chinadaily.
The move aims to further support the industrialization of high-tech research results and protect China's major enterprises and institution on the fiercely competitive global market, said Jiang Ying, a commissioner of the State Intellectual Property Office (SIPO), at a national conference on speeding up technology innovation by using patents, which opened in Shanghai Thursday.
Some domestic enterprises and research institutes failed to have their advanced technologies recognized in international markets because they did not apply for patents in foreign countries.
To further improve the awareness of patent protection among enterprises and research institutes, China will work out relevant regulations to ensure patent holders are correctly protected.
Enterprises that are developing technologies that they plan to have patented will enjoy preferential funding and taxation policies to help them release their patents on the market, said Jiang.
Jiang urged regional patent administration to weave patent protection into technology innovation projects to help reinforce enterprises' competitiveness.
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