KUALA LUMPUR, Feb 27 (Bernama) -- The 16 Co-operation Measures for the Development of the Qianhai Shenzhen-Hong Kong Intellectual Property and Innovation Hub (16 Measures) became effective on Feb 23.
It is jointly promoted by the Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone of Shenzhen Municipality and the Commerce and Economic Development Bureau of the Government of the Hong Kong Special Administrative Region.
This move signifies an upgraded level of cooperation between Shenzhen and Hong Kong in the area of intellectual property (IP), according to a statement.
It also marks Qianhai's advanced steps towards both the "construction of a primary-choice location for Hong Kong's integration into national development" and an intellectual property and innovation hub.
The 16 Measures cover initiatives in four key areas namely, promoting the harmonisation of IP rules and systems between Shenzhen and Hong Kong; supporting the exploitation and transformation of Hong Kong's IP in Qianhai; fostering cross-boundary IP services; and, developing the Qianhai Shenzhen-Hong Kong IP and Innovation Hub.
Under the 16 Measures, any technology transfer centre, jointly set up by a leading company and a Hong Kong University or research and development (R&D) centre, will be subsidised with 50 per cent of the actual operational expenses (up to 1 million yuan per year). (100 Chinese yuan = RM64.31)
Additionally, any Hong Kong or international IP service provider who settles in Qianhai will be entitled to a subsidy of up to 2 million yuan.
According to some analysts, the 16 Measures will effectively assist Hong Kong IP service providers to tap the mainland market by utilising Qianhai as a "bridgehead".
In addition, the IP industry businesses in Qianhai could draw on Hong Kong's unique advantages and platforms to connect with international markets and accelerate their own development.
-- BERNAMA
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