SHENZHEN, China, Feb 27 (Bernama-AsiaNet) — The 16 Co-operation Measures for the Development of the Qianhai Shenzhen-Hong Kong Intellectual Property and Innovation Hub (16 Measures), jointly promulgated 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, became effective on February 23. This move not only signifies an upgraded level of cooperation between Shenzhen and Hong Kong in the area of intellectual property (IP), but 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.
It is understood that the 16 Measures cover initiatives in four key areas: promoting the harmonization 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 center, jointly set up by a leading company and a Hong Kong University or R&D center, will be subsidized with 50% of the actual operational expenses (up to 1 million yuan per year). 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.