Patent Subsidization in China

According to the Chinese Patent Office (SIPO), the government of the province of Guangdong will soon offer subsidies for domestic and foreign patent application. The province of Guangdong is one of the richest province of China.

Under the program:

• each granted domestic utility patent will be subsidized between 1,000 yuan (approx US145$) and 30,000 yuan (approx US4350$); and

• each utility patent granted by the United States, Japan and European counties will be subsidized with 30,000 yuan each.

China definitely cares about IP if domestic applicants get funding for generating IP titles.