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November 30, 2012

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Patents filed locally top national goal

THE number of invention patents approved in the first nine months of this year in Shanghai was five times the number set as a national goal. But there's still room to grow, the Shanghai Intellectual Property Administration said yesterday.

At the same time, officials said there is a need to make sure patents are genuine and converted into products, not filed just to take advantage of government incentives or to gain local residency, officials said.

The city yesterday kicked off a patent promotion week, which features an exhibition of more than 1,000 elite inventions in real and virtual world.

To put more patent technologies into practice, representatives from 28 cities in the Yangtze River Delta signed a non-government framework agreement yesterday with the Shanghai Intellectual Property Service Center to promote patent technology transfer and trade in the delta.

Shanghai reported its average number of invention patents was 16.56 per 10,000 people through September of this year, five fold a national annual goal set for China for in 2015.

Inventions are one of the three types of patents in China, which include design patents and utility models, which are rights to protect an invention.

The current patent conversion rate - patents put into production - is stable in Shanghai but lower than that of developed countries, according to Lu Guoqiang, director general of the administration.

From January to August, all types of patent applications in Shanghai climbed 8 percent last year to 51,860. The biggest increase came from invention patent applications, which made up 45 percent of the total and grew 19.8 percent from 2011.

In the first three quarters of this year, the administration helped 70 companies in Shanghai get intellectual property pledge loans totaling 191 million yuan (US$31 million).


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