The “patent fee reduction” policy, a major favorable measure, is helping Haoyang Company stay committed to the path of technological innovation.

Release date:

2016-09-03

“Effective September 1 of this year, patent applicants or patent holders who are individuals or organizations will receive an 85% reduction in patent fees; when two or more individuals or organizations serve as joint applicants or co‑owners of a patent, the fee reduction will be 70%.” To better support the development of China’s patent system and alleviate the burden on enterprises and individuals associated with filing and maintaining patents, the Ministry of Finance and the National Development and Reform Commission recently jointly introduced a significant policy measure—the Measures on Reduction and Exemption of Patent Fees.

　　“Effective September 1 of this year, patent applicants or patent holders who are individuals or entities will receive an 85% reduction in patent fees; when two or more individuals or entities serve as joint applicants or co‑owners of a patent, the fee reduction will be 70%!” To better support the development of China’s patent system and alleviate the financial burden on enterprises and individuals associated with filing and maintaining patents, the Ministry of Finance and the National Development and Reform Commission recently jointly introduced a significant policy measure—the Measures on Reduction and Exemption of Patent Fees. According to preliminary estimates by the Ministry of Finance, implementation of these measures is expected to reduce the annual fee burden on patent applicants and patent holders by approximately RMB 4.1 billion, thereby boosting the circulation and utilization of patents.

　　Since its establishment in 2008, Haoyang Company has obtained more than 20 invention patents and numerous research achievements, with several additional invention patent applications currently pending. The implementation of this new policy on reduced patent fees coincides with a period when Haoyang is accelerating its business growth and undertaking strategic transformation and upgrading. This favorable policy will help the company stay committed to technological innovation, leverage its patent portfolio, swiftly capture market share, and strengthen its competitive edge.