31.8 Billion Yuan of Patent Pledge Fuels Entrepreneurship

31.8 Billion Yuan of Patent Pledge Fuels Entrepreneurship


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.

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.