The newly released Administrative Measures of Guizhou on Interest Discount Subsidy for Patent-collateralized Loans ("Administrative Measures") provides that Guizhou Provincial Intellectual Property Office will provide interest discount subsidies to entities using patents as collateral to secure loans from banks.

The Administrative Measures will help individuals and SMEs holding patents to solve financing problems by facilitating the transferring of patents with high technologies and prosperous market opportunities. The maximum interest discount subsidy is 50% of what applicants have to pay according to the corresponding benchmark lending rate. An applicant can enjoy a maximum interest discount line of 200,000 yuan each year. Guizhou IPO will also subsidize enterprises performing excellent in IPR applications.

Application procedure:

1. To visit Guizhou IPO website;

2. To download and file the return of interest discount project concerning patent-collateralized loan;

3. Guizhou IPO to examine and determine subsidy list and amount (verifying two batches in June and November each year);

4. Public review (5 days); and

5. To grant subsidies.

(Source: IPR in China)