Shandong: 4 PCT applications get financed in Jinan Hi-tech Area

It is learnt from Jinan Municipal IP Office that the 4 PCT applications of Shandong Xuanzhu Pharmaceutical Technology Co., Ltd and Lang Chao Electronic Information Industry Co., Ltd. got a subsidy of 530,000 yuan from the Ministry of Finance, accounting for 17% of the subsidy of the whole province and 69% of the subsidy of Jinan City.

To meet the requirements of implementing national IPR strategy, support home applicants to file foreign patent applications, protect independent innovative fruits, and participate in international competition by using IPR and IPR system, China set up such special funds. Jinan Hi-tech Area actively learnt and publicized the new policy, and organized enterprises to apply for foreign patents according to the Interim Measures for the Administration of Special Funds for Subsidizing Foreign Patent Applications issued by the Ministry of Finance.