Dynamic development zone zeros in on IP protection

Dynamic development zone zeros in on IP protection

2018/10/18

The Weifang Hi-tech Industrial Development Zone, in East China’s Shandong province, is focused on promoting innovation and patent application to better support regional GDP growth. Established in 2006, the company has registered 9 patents so far and formed an intellectual property rights department to deal with related matters.

In the first seven months of 2018, companies in the Weifang Hi-tech Industrial Development Zone submitted 2,272 patent applications, a year-on-year increase of 20.21%. Among them, the number of patents for new inventions reached 999, a 55.37 percent year-on-year increase. Companies also provided 1,422 patent authorizations, a 23.87% increase year-on-year. According to statistics from the zone’s authority, there were 101.58 patents per every 10,000 people within the zone by June 30, ranking it first among all the city’s districts.

Source: Chinadaily




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