China promotes patent industrialization in universities, research institutions
China DailyChina will establish efforts to promote the patent industrialization rate of universities and research institutions nationwide, said the country's top intellectual property regulator on Tuesday. The National Intellectual Property Administration has initiated a work plan, proposing that by the end of 2024, universities and scientific research institutions across the country should conduct assessments on their underutilized patents and accelerate the process of industrializing a selection of their high-value patents by the end of 2025. In his speech, Wang emphasized market mechanisms, saying that the IP administration will coordinate with enterprises to analyze the industrial prospects of the patents of universities and scientific research institutions, while also leveraging market forces to mobilize enthusiasm from investment and service institutions to promote rapid transfers of high-value patents. Other departments involved in the work plan also introduced their efforts, such as training patent agents and providing financial support to patent holders in universities and research institutions.