China has issued a guideline on the protection of intellectual property to help startups, according to a notice released on Monday.
The guideline was mapped out by five government bodies including the State Intellectual Property Office and the Ministry of Finance.
The country will explore more channels to realize the value of intellectual property, such as providing financial services and products for asset securitization and patent insurance.
Banks and institutional investors are expected to provide loans for qualified startups, the guideline said.
It also demanded legal protection for investors.
(Source: Xinhua)
WIPO Report: China's Innovation Capacity Continued to Improve
2015-09-30 IP News
Recently, the World Intellectual Property Organization (WIPO) issued 2015 Global Innovation Index Report. The report shows that mainland China ranked the list of 29 with 47.47 points, the same as that of last year, while ranking first in middle or high income countries. Despite China's innovation index was 0.9 higher than last year, leading among the 141 countries covered by the report, some experts still expressed concern that China did not continue the momentum of the previous ranking rising every year, and does that mean China's innovation capacity has declined? Industry experts point out that stable innovation ranking does not mean the declining of innovation capacity, but reflects the high quality of China's innovation in the new economic situation. Li Shunde, the dean of Legal and Intellectual Property Department at the University of Chinese Academy of Sciences, said, "China's Innovation Index continues to rise, showing that China attaches great importance to innovation, and the investment on innovation is growing." In Li's opinion, the world are increasingly focusing on innovation, innovation index of all countries is rising. China's rankings stay stable in the forefront, and in a sense it is an improvement. Li Shunde also pointed out that countries in the world are aware of innovation is important for national development, and are constantly upgrading their level of innovation. "China should promote innovation achievements into practical productive forces based on the situation of the country, increase investment on short-board of transforming, so as to speed the pace of innovation and enhance the international rankings." Said Li Shunde.
According to statistics, in 2014, China received 928,000 patent applications, ranking first in the world for four consecutive years; accepted 2,285,400 applications for trademark registration, having been ranking the first for 13 consecutive years. While China's ranking the 29th of the Global Innovation Index Report, which obviously does not match with the above IP achievement of China. In this regard, Li Shunde believe that the leading number is not China's innovative purposes, innovative quality improvement is the top priority, while to enhance the quality in innovation is the purpose. "Innovation is not the purpose of innovation but to promote the development of productive forces." Li Shunde pointed out improvement of innovation quality need more focus the transformation on innovation achievements. China attaches great importance to innovation and achievements in recent years, greatly enhancing the innovative quality.
As said Li Shunde, in 2015 Global Innovation Index Report, China's performance in innovation quality is eye-catching, far more than most developing countries. For the sub-index, the field of personnel training and research, innovation environment, market maturity, the commercial maturity, knowledge and technology innovation output, innovation output, China ranked in the top among the middle and high income countries. The industry experts believe that this is the reflection from "innovation country" upgrading to "innovation power" for China.
(Source: China IP News)
