New policies to focus on small business growth

The State Intellectual Property Office released a range of new policies to support innovation and growth of micro businesses.

The new polices, which are designed to optimize the IP development environment for small businesses, focus on improving public services and helping startups increase capabilities in innovation and using IP, according to SIPO.

"IP is an engine that powers the fast growth of small tech firms and earns them more profit margin," said He Hua, deputy commissioner of SIPO, at a press conference last week.