MIIT: tax reduction and exemption to support SMEs' innovation

MIIT: tax reduction and exemption to support SMEs' innovation


On August 19, State Council held a standing committee meeting to deploy the promotion work for developing of small and intermediate enterprises (SMEs) and put forward further several policies. Chief Engineer of Ministry of Industry and Information Technology and speak man Zhu Hongren, talked about issues on how to support the development of SMEs at the interview on September 3.

Mr. Zhu said that, the government has set up special developing fund to support SMEs in various innovation activities, and has founded some direct financial platform for enterprises’ innovation. There are also experimental units in some places and SMEs could finance through pledge and mortgage of share rights and creditor's rights, especially IP rights, in the property exchanging markets.

The government also offers low fax rate for hi-tech SMEs to encourage and support innovations.

Cooperation of industry, university and research, and IP strategy implementation are among the measures also. 

                                                                                                Source: IPR in China     

People watch

It is lucky for Chen Jun to began his career in the IP industry 14 years ago when the first group of IP managers for businesses appeared on the stage in China and he has been in the industry.

It was this “Whampoa Military Academy” for IP that educated China’s first batch of corporate IP management personnel. Many of these engineers left Foxconn in the years since.