Recently, the State Intellectual Property Office (SIPO) decided to carry out pilot projects of patent pledge financing and patent insurance in 72 regions and departments including Guangzhou city to let intellectual property financing play its role in promoting China's innovative development.

11 regions and departments are certified as model units of patent pledge financing, such as Guangzhou city, Chengdu city and Wuxi city; nine regions and departments are certified as model units of patent insurance including Nanjing city, Jinan city and Shenzhen city. Experimental units of patent pledge financing include 40 regions and departments such as Qingdao city, Shenyang city and Changchun city; experimental units of patent insurance included 12 regions and departments such as Yantai city, Anyang city and Foshan city.

Guided by the Suggestions on Strengthening the Construction of an Intellectual Property Power under the New Situation by the State Council, and following specific requirements of the Notice of the State Property Intellectual Office on Reporting on Pilot Projects of Patent Pledge Financing and Patent Insurance, the SIPO confirmed model and experimental regions and departments for patent pledge financing and patent insurance.

The SIPO asked intellectual property offices at provincial, city and district levels to strengthen guidance and supervision on the pilot projects and make sure they are carried out properly. All the pilot regions and departments should act according to their submitted plans, improve working mechanism and bring innovation on work mode to achieve substantial results. (Translated from China IP News)

http://english.sipo.gov.cn/news/official/201609/t20160901_1289560.html