Chongqing launched subsidy policy for foreign patent applications

Chongqing launched a financial aid policy to subsidize foreign patent applications on July 3, 2012. Subsidy for Small- and medium-sized enterprises (SMEs), governmental institutions and R&D institutions in Chongqing will be 500,000 yuan at maximum.

It is reported that the Ministry of Finance of the P. R. C has set up a special fund to aid foreign patent applicants since 2009. The fund aims at providing application assistance for SMEs, governmental institutions and R&D institutions, actively supporting the domestic applicants and protecting the independent innovation achievements.

Since the establishment of the special fund, 26 units in Chongqing have received a total subsidy of 4.58 million yuan.

Zhao Sha