Growing rights into revenues at Zhongguancun

Administrators at innovation hub Zhongguancun in Beijing recently announced the area will develop a cluster of intellectual property services that include legal consultation, IP pre-warning, commercialization, training, certification, testing and brand promotion.

The authority said it also welcomes international standards, testing and certification institutions to open offices and labs in the area, as well as IP-related conferences and exchange programs.

To encourage professionals and firms to locate in the area, Zhongguancun will grant a number of preferential policies including a 500,000 yuan ($79,900) one-time award and a housing subsidy up to 5 million yuan to top IP agencies.