I. Main contents of the policy

The Rules of Beijing Municipality for the Utilization of Special Funds for Patent Commercialization (the Rules) is divided into five chapters with 23 articles, and particularly specifies the purpose and criteria of the special funding for patent commercialization, indicating that support will be given to eligible enterprises, public institutions, social organizations, etc. by means of project funding and financial incentives and subsidies. Eight categories of projects will be eligible for the following support:

First, for the projects promoting the incubation and commercialization of supply-side patents, funding support of not more than CNY 300,000 shall be given to each entity.

Second, for the projects promoting the operation of patents in key industries, funding support of not more than CNY 1 million shall be given to each entity.

Third, for the projects enhancing the capacity of patent trading operation and service, funding support of not more than CNY 2 million shall be given to each entity.

Fourth, for the projects supporting patent operation environment in IP clusters, funding support of not more than CNY 300,000 shall be given to each entity.

Fifth, to support micro-, small and medium-sized enterprises in acquiring patent technologies, subsidies shall be given at a rate not exceeding 40 percent of the actual transaction fee for patent transferring or licensing contract. The annual subsidy of this kind for each enterprise shall not exceed CNY one million.

Sixth, to support enterprises to carry out patent pledge financing, subsidies shall be given at a rate not exceeding 40 percent of the financing service fees and 2 percent of their actual loan amount. The annual such subsidy for a single enterprise shall not exceed CNY 200,000.

Seventh, to support commercial banks to provide patent pledge loans, for institutions with an annual patent pledge registration amount exceeding CNY 300 million or with more than 20 pledge projects registered in one year, incentives shall be given at 0.1 percent of the pledge amount. The annual such incentives for a single institution shall not exceed CNY 1 million, and the total incentive funds shall not exceed CNY 3 million.

Eighth, to support the innovation of intellectual property finance, an incentive will be given at 0.5 percent of the financing amount. The incentive fund for a single financial product shall not exceed CNY 500,000 and that for a single entity shall not exceed CNY 1 million, with the total incentive fund not exceeding CNY 2 million.

II. Funding application and management

In terms of the application for and approval of project funding, Beijing Municipal Intellectual Property Office is responsible for formulating application guidelines, issuing application notices, organizing evaluation, and conducting a comprehensive review of the applications. The list of entities eligible for special funds will be publicized on the website of Beijing Municipal Intellectual Property Office for a period of not less than five working days. Beijing Municipal Intellectual Property Office shall allocate the funds to the successful applicants in accordance with the procedures after the public notification ends up with no challenges.

In terms of the performance management of special funds, applicants shall be responsible for the accuracy and authenticity of application materials and set performance targets in advance. Beijing Municipal Intellectual Property Office and Beijing Municipal Finance Bureau shall conduct process inspection and evaluation of results and performance on the applicants' use of the special funds for patent commercialization and their achievement of performance targets.

III. Validity period

The Rules shall come into effect on the date of issuance and be valid through December 31, 2023.