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China launches patent transfer plan to support SME innovation

Abstract : China has launched a three-year plan to offer monetary incentives to provincial-level regions that have made achievements in fostering patent technology transfers from small and medium-sized enterprises (SMEs).

BEIJING, March 25 (Xinhua) — China has launched a three-year plan to offer monetary incentives to provincial-level regions that have made achievements in fostering patent technology transfers from small and medium-sized enterprises (SMEs).

The plan was unveiled in a recent notice jointly released by the Ministry of Finance and the National Intellectual Property Administration. It aims to support SME innovation, helping promote the utilization of their patented technologies and prevent them from lying dormant.

Provinces, autonomous regions and municipalities with well-developed schemes, proper measures, strong execution and outstanding achievements in transferring patent technologies will each be awarded 100 million yuan (about 15.3 million U.S. dollars), according to the plan.

The monetary incentives can be used to further help SMEs acquire and materialize patent technologies and carry out intellectual property pledge financing. Enditem

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal. China’s silk road economic belt and the 21st century maritime silk road website, include BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: China launches patent transfer plan to support SME innovation

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