On April 15, the Innovation Voucher Service Provider Training - Intellectual Property Salon hosted by the National Technology Transfer Eastern Center was successfully held, and the partner of ORRICK, a famous American law firm, was invited to the training. Christopher P. Broderick, on the themes of "Monetizing Intellectual Property" and "The Patent Challenge".

Intellectual property monetization is the conversion of patented assets into revenue. For example, some companies are product-oriented, and after technology research and development, they patent their products to market. Some companies share their core intellectual property and technology development in a particular field and generate revenue through knowledge transfer. The definition of IP monetization is quite complex, ranging from commercialization to technology transfer licensing or infringement licensing or assertion licensing. Each region has its own dynamic characteristics.

Chris has decades of experience representing clients in the areas of wireless communications, cell phones, cameras and camcorders, printers, monitors, satellite television, semiconductors, software, Internet business patents, manufacturing technology and consumer products.

Six organizations including TiP Lab, umore, Fei Tian Zhong Zhi, Metalab, Sheng Zhi Hua, and Shanghai Institute of Light and Power, Chinese Academy of Sciences participated in this training event and had a professional discussion with Chris on hot topics and cases in the field of intellectual property in the United States, and also interacted with each other on the current situation of intellectual property in China.

Since the Patent Law came into force in 1985, the number of annual patent applications in China has increased nearly 168 times from 14,000 to 2,361,000 in 2014, a rapid growth rate that has attracted worldwide attention. By the end of 2014, China had received 15,455,000 patent applications, and owned a total of 663,000 effective domestic invention patents, representing high patent quality and reflecting patent technology and market value, with 4.9 invention patents per 10,000 population.

"In 2015 alone, there were 27 references to intellectual property rights in the 'State Office' and 'Guofa' documents issued by the State Council." China's emphasis on intellectual property rights has reached an unprecedented level.

The East Center has been adhering to the concepts of "strict entry and supervision" and "incubation and cultivation" for the service providers on the innovation voucher platform. On the one hand, this training activity can expand the understanding of the overseas IP field among the institutions, on the other hand, it can increase the communication among the institutions, so that the IP protection in China can be integrated into the global system and rules as soon as possible and help Chinese enterprises to better go global.