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ARTICLE · 04 NOVEMBER 2021

China To Expedite High-Quality IPR Transfer Process

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China's Ministry of Science and Technology has said it will spend more effort to foster the transfer of high-quality intellectual properties into market-end products.

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AFD China Intellectual Property
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China's Ministry of Science and Technology has said it will spend more effort to foster the transfer of high-quality intellectual properties into market-end products.

The ministry will improve the management of key intellectual property rights (IPRs) transfer processes, take contract volume as a main appraisal indicator, foster market-orientated transformation and tap IRP trading centers and networks to expedite the high-quality fruition of IPR.

China recently issued a plan for the 2021-35 period to strengthen build-up and protection of IPRs, by accelerating legislation on IPRs in new fields and forms of business, such as big data, artificial intelligence (AI), algorithms and genetic technology.

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