At the start of the New Year, two governmentbacked IP funds have been launched in Beijing and Sichuan. With a total planned capital of 1 billion yuan and 700 million yuan respectively, the funds will focus on supporting the operation of IP in key industries with existing core technologies and cutting-edge technology or having industry prospects for nearly coming time.
Beijing Key Industry IP Operations Fund is the largest IP operations fund in domestic, with the duration of 10 years. The first phase of investment by Beijing Key Industry IP Operations Fund (400 million yuan) is already in place, focusing on mobile Internet and biopharmaceutical industries, mainly start-ups or growing enterprises which have core patents and patent portfolio of high value, good market prospects and high growth, or intellectual property operation institutions with the appropriate characteristics of industries
Sichuan IP Operations Fund was set up jointly by the central government, Sichuan Province government and the governments of Chengdu, Deyang and Mianyang. It will be used on various aspects of IP cultivation, transformation, industrialization and operations, major overseas IPR disputes, international standards formulation, patent navigation, and alliance construction.