Good afternoon. Last Thursday we sat down with Managing IP for a webinar on filing strategies in Asia titled, “The changing landscape of IP in Asia: what you should know to stay ahead.” To download the presentation, please click here.
The webinar was moderated by James Nurton, Managing Editor, Managing IP and featured Robert Poolman, Senior Manager, Innovation and Consulting at Minesoft, Andy Cloughley, Patent Attorney and Managing Director, Miller Sturt Kenyon, and Costas Stephanides, Technical Manager, RWS inovia.
The webinar focused on a variety of topics, but started with a discussion of the changing IP climate in Asia over the last 10 years, specifically in China. The megapower is now second behind the United States in nominal GDP and will most likely overtake the USA by 2030. Reasons for this significant economic growth include the opening of trade barriers to the west, increased industrialization and an uptick in government spending and investment. China now spends over 2% of its GDP on research and development, up from just 0.5% 20 years ago.
The economic boom is also reflected in the enormous growth China has placed on patent initiatives over the last decade. In 2015, the China Patent Office (SIPO) was the first to receive over 1 million applications in a year. With the increase in patent applications, there has consequently been large investments in how the Chinese approach their patent quality initiatives.
Examples of how China has made IP rights more enforceable include training patent examiners thoroughly, reducing IP infringement and improving the commercialization of IP incentives. In 2015, China also opened three specialist courts in Beijing, Shanghai and Guangzhou to rule on enforceability. In just 9 months, these three courts saw over 11,000 cases.
So, what does this mean for IP professionals in 2017? China’s patent applications are becoming increasingly more valuable, affecting the strategies behind how you should approach your IP portfolio. With all major corporations filing in both the United States and China for years, if these destinations aren’t part of your strategy yet, it might be time to rethink.
The panelists on the webinar also went on to discuss what countries might soon be popular in IP looking to the future – speculating that Indonesia, India and South Korea most likely becoming hot filing destinations in the next 20 to 30 years.
To download the full presentation and learn more about patent search strategies, click here. Please also get in contact with your nearest RWS inovia office with any possible questions or comments on the webinar.