To deepen the construction of the intellectual property operation service system and improve the operational level of the intellectual property industry, Guangzhou municipal government has approved to establish an industrial intellectual property operating fund, according to the Intellectual Property Office of Guangzhou Municipality.

The fund will be used to promote Guangzhou’s information technology; biology and health; new materials and high-end manufacturing; new energy, energy conservation and environmental protection; artificial intelligence; and other strategic emerging industries.

The central government and Guangzhou municipal government will each contribute 40 million yuan into the fund, while the Guangzhou Development Zone and Nansha Development Zone each will kick in 20 million yuan.

The fund is set up by a number of agencies, industrial leading enterprises, scientific research institutions and other related entities.

(By Joanna You, Louis Berney)