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Sichuan Province's funding doubles for applications and industrialization

2012/05/16

The provincial government has earmarked 6 million yuan ($949,668) to aid patent applications this year, up from 2 million yuan in 2011. 

Government funding of patent commercialization has also more than doubled to 25 million yuan from 12 million yuan a year ago. 

The move aims to increase both the quantity and quality of patents and advance the development of an innovation-backed province, local officials said. 

Last year, more than 3,700 patent applications received financial support from local authorities and 136 projects using patented technologies benefited from provincial government funds. 

(Source: China Intellectural Property News)




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