Increased visibility Huaxia Valve received a special patent for overseas applications for 120,000 yuan

Valve foreign markets have been very active in recent years and competition is fierce. The import and export of valves in East and South-East Asia grew rapidly. Market trade between developed countries such as the European Community continued to grow. Exports from Germany, Italy, Japan, China and other countries and regions expanded, and imports from the United States, Britain, and France increased. Growth has formed a support point for the prosperity of the international valve market. Moreover, as the world economy becomes more internationalized, multinational companies will continue to promote the development of the international valve market, and the regionalization of international trade will become another major feature.

Huaxia Valve has recently obtained a foreign patent grant of 120,000 yuan, which is also the third time this company has obtained such funding. According to the statistical data of the Intellectual Property Office of Longwan District of Wenzhou City, there are currently 4 enterprises that have obtained special patent funds for foreign patents, and the total amount has reached more than 1 million yuan.

It is understood that in order to support the application for patents abroad and to protect the achievements of independent innovations, the central government in 2009 formulated the Interim Measures for the Administration of Granting Special Funds for Foreign Applications for Patents, and granted special funding for enterprises applying for patents abroad.

In April 2012, the Ministry of Finance adopted localized management of fund applications and allocations. In this regard, Longwan District Intellectual Property Office Zhu Wangchang told reporters that “Enterprises applying for patents abroad may receive up to RMB 500,000 in funding for each item.” In addition, according to Zhu Wangchang, “The special funds are mainly used to fund domestic SMEs and businesses. Units and research institutes focus on supporting the needs of the country’s intellectual property strategy, which helps improve the ability of independent innovation, support the technical fields of local high-tech industries and the development of strategic emerging industries, and help build patent pools and acquire core patent technologies. And participate in the formulation of international technical standards."

"Now many high-tech enterprises want to expand their exports through independent innovation and occupy foreign markets." Yang Yong, consultant consultant of Longwan District Science and Technology Center, said, "You think if we apply for foreign patent special funds abroad, because companies apply for foreign patent special funds The very strict qualification conditions, once applied successfully, invisibly increase the visibility of the company, and it is more conducive to the enterprise's products occupying foreign markets."

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