Patent evaluation system designed in Shanghai

2004/05/15

A system that can evaluate a patent and give a fair price to it has been designed in Shanghai, and approved by experts, says the State Intellectual Property Office, which hopes that the system will accelerate the industrialization process of China's patent achievements.

The system, designed by the Shanghai Intellectual Property Right Service Centre and the Shanghai Lixin Asset Evaluation Company, can store numerous data and patent cases and is equipped with special software for evaluation of patents.

In the past 10 years, about 300,000 patent applications have been submitted, but only a small number have been put to commercial use partly due to lack of reliable patent evaluation systems.



	Article featured in Business Beijing, May 2004 Publication sponsored by Information Office of the Beijing Municipal Government, Beijing Municipal Bureau of Commerce, Development & Reform Commission of Beijing Municipality, China Council for the Promotion of International Trade (Beijing Sub-Council)