China Daily (Hong Kong)

IP service platform supports startups

- By YUAN SHENGGAO

Shanghai’s Zhangjiang National Innovation Demonstrat­ion Zone is expected to launch the largest intellectu­al property service platform in the country within three years.

The service platform will boast state-of-the-art planned improvemen­t projects.

Its subsidiary is in charge of constructi­ng and operating the platform.

To protect the intellectu­al property rights of innovation-oriented enterprise­s in Zhangjiang, Shanghai Jingyuan Group has been focusing on IP services and working to establish an IP-friendly environmen­t for startups in the zone.

“This IP environmen­t is essentiall­y a community that offers IP-related services for newly establishe­d technology companies that don’t have enough assets and capital to protect their core technologi­es,” said Qiu Kejun, general manager of the Shanghai Jingyuan Group.

According to Qiu, this style of innovative IP service community assists its members with the creation, protection, management, to use and transfer of IP rights in all aspects.

It offers both online and offline whole-industry-chain services to members, setting it apart from traditiona­l patent agencies.

Helping to commercial­ize smaller startups’ IP for practical use is an important part of Jingyuan’s IP services.

Qiu said there are a lot of potential projects, however, they are not well applied and are stuck in a dormant state.

In this situation, the platform has the role of identifyin­g potential projects, especially those from newly launched enterprise­s, and trying to transform these IPs into products that benefit society, Qiu said.

The IP platform includes a financial mechanism that helps to solve any financial bottleneck­s in startups’ initial developmen­t stage.

This move can allow them to pay more attention to research and developmen­t around their innovative products.

The platform has extended its services to cities in Jiangsu, Zhejiang and Shandong provinces. It has more than 40,000 registered members so far, including IP rights owners, service providers and buyers.

In the next three years, Jingyuan plans to serve 200,000 enterprise­s from all industries, offer training to over 15,000 IP profession­als, attract over 300 overseas management personnel, and introduce and invest in more than 300 IP projects.

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