30 December 2021News
Research on Innovation and Intellectual Property
IPwe China’s research, which was co-written with the Shandong Financial Assets Exchange Center, on Innovation Models for Intellectual Property Pledge Financing for Sci-tech Innovation Enterprises was published in Shandong Social Science Forum’s Science Innovation Finance Reform and Development Paper Collection.
This monumental publication was announced on December 7th at the Science and Innovation Finance Reform and Development Forum in Jinan, the capital of Shandong Province. This forum focused on issues such as financial support for the development of scientific and technological innovation enterprises and the construction of scientific and technological innovation financial reform pilot zones that IPwe China’s research was the basis for.
IPwe’s technology empowers banks through an extremely low-cost and extremely efficient artificial intelligence system so that banks can screen pledges, and further help banks actively screen and find high-quality intellectual property loan applicants. This approach has been accepted by the European Patent Office in EPC countries and used to produce an official annual report on European High-growth Small and Medium-sized Enterprises and Intellectual Property Rights.
Participation at the 2021 Shandong Entrepreneur Forum
On December 14, the Shandong Entrepreneur Forum was held at Shandong Institute of Industrial Technology (SDIIT) to discuss financing and market value enhancement of intellectual property operations. The forum focused on the current domestic and international macroeconomic situation and the development trend of Shandong’s industries. Well-known experts, scholars and business executives were invited to discuss developments in the technology industry and give insight on the capital market’s direction.
At the event, Sun Dianyi, director of Shandong Institute of Industrial Technology (SDIIT), pointed out that artificial intelligence’s integration into social management and green development has become the most relevant emerging technology through its positive influence on the climate. Sun Dianyi stated that companies must accelerate such technological breakthroughs and innovation that will spur ecological construction.
In his speech, IPwe China President, Henry Wang, focused on how to assist technology-based small and medium-sized enterprises in both equity financing and intellectual property pledge financing through the management and operation of intellectual property rights with modern technology.
Mr. Wang stated that IPwe has achieved world-leading results in patent monetization and patent industrialization. The research and development of IPwe’s technology stack; artificial intelligence, blockchain, patent clustering, patent evaluation model, predictive analytics technology, expert-random-walker-with-restart (ERWR) technology, etc., can greatly reduce various costs related to patent operation as the degree of automation, accuracy and efficiency have been greatly improved. Mr. Wang also shared several of IPwe’s recent successful cases to help companies use intellectual property rights in equity financing and pledge financing.
Finally, Professor Huang Weiping of the Renmin University of China, a well-known economist and the first dean of the School of Economics, gave a speech on the worldwide macroeconomic situation in 2022. From the perspective of development economics and comparative economics, Professor Huang reviewed the historical changes in the relationship between the developed countries and the catching-up countries and looked forward to the future economic development of China. He emphasized that innovation is still the shortcoming of many companies, and technology companies must make up for the shortcomings of innovation and strive to promote industrial development.
Entrepreneurial Training Camp
IPwe China was invited to join the Star Mentor Group to assist the Cloud Crossing Project entrepreneurial training camp with intellectual property evaluation and analysis. The training camp will use powerful resources to encourage innovative entrepreneurial projects and assist the technological growth trend.
The Cloud Crossing Project is a complementary action for the China International “Internet+” University Student Innovation and Entrepreneurship Contest, which is jointly sponsored by the Chinese Ministry of Education, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Human Resources and Social Security, the Ministry of Agriculture and Rural Affairs, the Chinese Academy of Sciences, the Chinese Academy of Engineering, and the State Intellectual Property Office, among other nation-level organizations. The contest has been held for seven consecutive years and has created over 6 million innovative entrepreneurial projects.
To build up a post-contest and sustainable support system, strengthen the cultivation and incubation of contest projects, and accelerate the industrialization and growth of high-quality projects, the contest center has decided to organize and carry out the “Cloud Crossing Program” – a high-growth project training camp, since 2022. The purpose of the program is to give participants full access to the resources of Beijing Zhongguancun Science Park and other resources made available by the Chinese government, relevant industries, high caliber academia and research, as well as financial, intermediary and media resources. The Cloud Crossing Program also mobilizes several leading enterprises, unites regional governments, organizes investment firms, to support contest projects that ultimately comprehensively improve the level of post-contest services and aid in the rapid growth of Cloud Crossing projects.
Henry Wang, president of IPwe China, is one of the first 6 invited star mentors to help innovators access complete intellectual property coverage for their inventions and technological innovations.
IPwe is the first platform for blockchain-enabled IP transactions. IPwe combines the complexity of IP with the intelligence of AI and Blockchain to bring better information and more transparency to the patent space. The IPwe Platform is multi-sided and functions as a marketplace serving the innovation ecosystem, where information and analytics can be obtained without charge and IP transactions can be completed at the lowest possible cost. IPwe is committed to improving innovation ROI whether measured by dollar returns, jobs created, ventures launched, or problems solved by increasing transparency, lowering costs, and enhancing returns for the benefit of the entire innovation ecosystem.