The 10th China International Patent Fair Produced New Records
The 10th China International Patent Fair has produced new records in exhibitor, participants and trade volume, sources from the organizing committee of the fair said on September 19.
This fair, which is themed of mass entrepreneurship and innovation, is more focused than its previous events on patent trade and commercialization. Over 1,000 exhibitor and 5,500 patent projects and products were appeared on the fair. On the first day of the fair, there were more than 30 patent projects reached cooperation intentions, 13 agreements were signed, and the amount of contracts totaled over 447 million yuan. At the Manufactured in China 2025 innovation exhibition, 426 outstanding patent projects and products brought by hundreds of domestic key companies attracted audiences' attention. At the Belt and Road Initiatives international exhibition, the exhibitors from more than 20 countries showcased their latest 221 projects. It was the first time for Netherlands, Israel and Austria to participate this event. At the Chinese Academy of Science exhibition, 26 research institutes displayed their 176 patent projects. In China Patent Awards exhibition, a number of patent gold medals and Chinese patent award of excellence were also gathered here.
The great demand for patent trade and utilization cannot separate with the implementation of strategy of innovation-driven development. In recent years, the CPC and the State Council decided to attach great importance to the above strategy and exert the guaranteeing and supporting role of IPR. The Opinions of the State Council on Accelerating the Construction of an IP Powerhouse under the New Circumstances required to inspire entrepreneurial and innovation boom by strengthening IPR protection and utilization. Under the new circumstances, China has been ranking the world's first position in invention patent application for five years. In parallel, the Chinese companies have serious needs for new technology and use of patent to support enterprise transformation and upgrade, which offered good opportunities to patent commercialization and trade.
Source:China IP News