Chengdu Introduces Its First Policy to Promote the Commercialization of Intellectual Property
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Chengdu Introduces Its First Policy to Promote the Commercialization of Intellectual Property

  On July 11, 2019, the Chengdu Science and Technology Bureau held a news briefing announcing that a number of departments in Chengdu jointly issued the Measures on Encouraging the Trade of Intellectual Property Rights. This is the first time that Sichuan Province has issued a special policy to support intellectual property achievement trade in the technology market. The announcement aims to promote the commercialization of intellectual property regarding platform construction, transaction facilitation, incentive to intermediaries, and others. It mainly includes contents as follow:

 

To support the establishment of intellectual property achievement trading platforms


  An intellectual property trading platform approved can obtain a lump-sum subsidy of up to 1 million yuan, supplemented by a platform reward of 1% of the actual transaction value and the total amount of financing. The annual reward can be up to 10 million yuan.


  Where the intellectual property trading platform is approved as a national intellectual property protection center, a quick rights protection center, or an operation center, it can receive a subsidy of 1 million yuan.

 

To promote the trade of intellectual property achievements


  Colleges, universities, academies and enterprises with intellectual property sales in the transaction can receive a subsidy of up to 500,000 yuan based on 3% of the annual transaction amount.


  Outstanding enterprises with procurement of intellectual property achievements can receive a subsidy of up to 1,000,000 yuan based on the transaction amount and 10% of the transfer investment.

 

To encourage intermediaries to provide services for intellectual property achievements transaction


  State-level and provincial-level technology transfer demonstration organizations in Chengdu approved after March 31, 2018 can receive a subsidy of up to 500,000 yuan and 200,000 yuan respectively;


  The technology transfer institution may receive comprehensive assessment based on its service, performance, achievement and transaction amount in intellectual property trade, and outstanding organizations may receive an annual subsidy of up to 300,000 yuan;


  The intermediary service institution whose project is successfully transacted in the achievements trading platform recognized by the Chengdu government can be subsidized with 3% of the transaction amount. The maximum subsidy of a single project cannot exceed 500,000 yuan, and the total annual subsidy of a single intermediary cannot exceed 3 million yuan.

 

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To guide the co-construction and sharing of open technology transfer and commercialization service platform


  Colleges, universities, academies, investment institutions and enterprises are encouraged to jointly build laboratories, small- and medium-sized pilot test workshops, shared production lines and other open technology transfer and commercialization service platforms, provide resources such as instruments and equipment required for experiment, research, middle-term test, maturity test and production, and carry out research, development, design, achievement promotion, technical standards and other services. Eligible service platforms can receive up to 2 million yuan in subsidy based on 30% of total investment.

 

To encourage companies to transform achievements through financial means


  Upon the completion of the transaction, the technology-based enterprise which realizes the industrial production and obtains angel investment in seed and initial entrepreneurship can receive a subsidy of up to 300,000 yuan based on 10% of the angel investment.


  A technology-based enterprise that realizes industrial production upon successful transaction and obtains intellectual property pledge financing can obtain an assessment subsidy of up to 100,000 yuan based on 50% of the actual assessment cost, a pledge subsidy of up to 200,000 yuan based on 50% of the actual pledge cost, and a loan interest subsidy up to 500,000 yuan based on 30% of the actual interest.

 

To support enterprises to purchase technology and patent insurance to commercialize intellectual property achievements


  For the technology-based enterprise that realizes industrial production and purchases technology and patent insurance upon successful transaction can obtain a subsidy of up to 200,000 yuan per item per year based on 60% of the actual insurance expense.


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