What are the high value invention patents?

2021-04-28
Borsam IP
China IP Today—————————————

How to define high value invention patent? Why is the index "ownership of high-value invention patents per 10,000 population" set? How to better protect and incentivize high-value patents? Ge Shu, Director General of the Strategic Planning Department of the National Intellectual Property Administration, recently accepted an exclusive interview with Xinhua News Agency.

How to define high value invention patent?

Ge Shu introduced that China clearly includes the following 5 kinds of valid invention patents into the statistical range of high-value invention patents:

1. Invention patents in strategic emerging industries
2. 
A patent for invention for which the patent right of the same clan is held overseas
3. Patents for inventions with a duration of more than 10 years
4. The invention patent that realizes the higher amount of pledge financing
5. The invention patent that has won the State Science and Technology Award or China Patent Award 

What does it mean to have 12 high-value invention patents per 10,000 people?

 

"It is expected that by 2025, China will have 12 high-value invention patents per 10,000 population, which means that China's innovation strength will be greatly enhanced, and the gap between China and developed countries such as the United States and Japan will be further narrowed. High-value patent resources that have begun to take shape will provide more powerful support for high-quality economic and social development." Ge the tree said.

 

How to better protect and incentivize high-value patents?

 

Ge said that the State Intellectual Property Office is taking the lead in formulating a national plan for IPR protection and application during the 14th Five-Year Plan period, striving to create a more favorable IPR policy, institutional and legal environment and fully stimulate the innovation vitality of market players.

 

Source: China Patent Protection Association