China’s State Council has recently approved the “Special Action Plan for Patent Commercialization and Utilization (2023-2025),” outlining ambitious targets for the commercialization of high-value patents in China by 2025. The plan is designed to significantly increase the commercialization rates of patents held by universities and research institutes.
Commercialization Targets and Economic Impact
The plan sets a goal for the total value of patented innovative technology contracts nationwide to reach RMB 800 billion (USD 110 billion) by 2025. It also aims to cultivate a group of leading enterprises with strong patent and intellectual property (IP) competitiveness across key sectors, with the total value of evaluated and recorded patent-based products expected to exceed RMB 1 trillion (USD 137 billion).
Government Support and Incentives
To achieve these targets, the government plans to strengthen incentives and supporting policies for patent commercialization. This includes improving IP protection, addressing market channels, providing financial support, and enhancing the service chain. The plan also envisions the establishment of 20 high-quality national IP service industry development clusters or demonstration zones by 2025.
International Collaboration and IP Deal-Making
The State Council’s plan emphasizes the importance of international deal-making focused on IP. It supports the acceleration of national IP service export bases and explores the promotion and application of patents and sharing schemes in “Belt and Road Initiative” and BRICS countries, aiming to expand China’s influence in global IP markets.-Fineline Info & Tech
