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31.8 Billion Yuan of Patent Pledge Fuels Entrepreneurship

2017/08/31

According to the data from SIPO, in the first half of 2017, 31.8 billion yuan of patent pledge was added in China, with a year-on-year growth of 92%. 1,493 patent pledge projects were confirmed, with a year-on-year growth of 41%. Liaoning, Jiangsu, Shandong, Beijing and Tianjin led all provinces in amount granted while Shandong, Shaanxi, Anhui, Jiangsu and Guangdong were the top five in number of projects. In the near future, SIPO will strengthen communication with the People's Bank of China and China Banking Regulatory Commission, to build an examination mechanism in IP pledge, motivating banks in granting IP pledge loan. Moreover, SIPO will attract innovators in strategic emerging industries, service industries, rehabilitation therapy industries and overseas returnees by strengthening IP pledge service to support hi-tech industries development.



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