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IP Frontiers - Rise of the Chinese Entrepreneur LESANZ Annual Conference 17-19, April 2008, Melbourne, Australia by Alice Ngan Director, Technology Licensing.

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Presentation on theme: "IP Frontiers - Rise of the Chinese Entrepreneur LESANZ Annual Conference 17-19, April 2008, Melbourne, Australia by Alice Ngan Director, Technology Licensing."— Presentation transcript:

1 IP Frontiers - Rise of the Chinese Entrepreneur LESANZ Annual Conference 17-19, April 2008, Melbourne, Australia by Alice Ngan Director, Technology Licensing Office Steve C.F. Au-Yeung Professor, Department of Chemistry The Chinese University of Hong Kong Shatin, New Territories, Hong Kong SAR

2 Technology Licensing Office of The Chinese University of Hong Kong IP ProtectionIP Protection R&D ContractR&D Contract Facilitate Establishment of Spin-off CompanyFacilitate Establishment of Spin-off Company Technology TransferTechnology Transfer

3 Major Players of R&DImpact of Government Policy China -State owned universities Law on Progress of Science and Technology of PRC encourages R&D collaborations with international parties Hong Kong-universities-funding to universities National Engineering Research Centres under MOST -154 States Key Laboratories regulation announced by the Ministry of Education -designated 6 strategic TLOs

4 Government Financial Support for R&D and Technology Transfer The Research Grants Council (RGC) under the University Grants Committee (UGC) Innovation and Technology Commission (ITC) 2006/2007 budget HK$605.9 millionInitial injection HK$5 billion

5 Basic ResearchApplied ResearchOther Infrastructural Establishments 1967 HK Productivity Council 1990 Intellectual Property Department 1991 Research Grants Council 1993 Applied Research FundHong Kong Industrial Technology Center Corporation 1994 Industrial Support Fund 1996 Services Support Fund 1999 Growth Enterprise Market Innovation and Technology Commission - Applied Science and Technology Research Institute Hong Kong Science & Technology Parks - Hong Kong Jockey Club Institute of Chinese Medicine - IC Design Centre - Material Analysis Laboratory - Wireless Communication Test Laboratory - IC Development Support Centre - Bio-Informatics Centre - Photonics Centre Initiatives to Support R&D and Technology Transfer in Hong Kong

6 IPOs in Greater China No. of IPOsAverage Deal Size China (1) Year 2006: 140 IPOsUS$440 million US:US$220 million UK:US$130 million Hong Kong (2) Year 2006: 56 IPOs Year 2007: 82 IPOs US$130 million US$157 million Source: (1) PWC Report 2007 (2) New Listing Report - Main Board of Hong Kong Exchanges and Clearing Limited (HKEx)

7 Number of Patent Application and Issuance in China & Hong Kong by Type of Patent Application # Remarks:Patent applications published by State Intellectual Property Office of PRC (SIPO) on or after 27 June 1997 can form the basis for an application for a standard patent to HK Patents Registry Source: (1) State Intellectual Property Office of PRC (IIP) (2) Intellectual Property Department, Govt. of HKSAR Invention Patent Appn Invention Patent Granted Utility Models Patent Appn Utility Models Patent Granted Designs Patent Appn Designs Patent Granted 0 20,000 40,000 60,000 80, , , , , , , , , , , ,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 HK Standard Patent AppnHK Standard Patent GrantedHK Short-tem Patent AppnHK Short-term Patent Granted Invention Patent AppnInvention Patent GrantedUtility Models Patent AppnUtility Models Patent Granted Designs Patent AppnDesigns Patent Granted No.

8 Chinese Entrepreneurs 1 st Generation2 nd Generation3 rd Generation AgeAbove Hong Kong entrepreneurs Type of FirmSOE or collectively ownedPrivate IndustryProprietaryOEM turned proprietaryProprietary + acquisition Business ModelCost Leadership Adapt from developed countries Service + products Mode of Expansion Through economy of scale Private equity and listing overseas Private equity, strategic partnership Examples Huawei, Lenovo, Haier, TCL Alibaba.com; baidu.com CTTQRegenexPurapharm Source:“Three generations of Chinese entrepreneurs: will the third generation be as successful?” by Bing Xiang and Bing-Sheng Teng (Ivey Business Journal, November/December 2007)

9 Summary Remarks Recommends site inspection with/by an independent observer objective is to understand mindset of key research managers and research staff Look for strong evidence of GLP practice strong evidence of possession of proper research skill sets Chinese Entrepreneurs commitment to Technology Development transparency in research management practice IP capture & control practice


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