On May 3, 2012, the Beijing Intellectual Property Management Co Ltd was established. This is the first government-funded intellectual property commercialization company in China.

The establishment of the company is an important move of Beijing city in implementing the 12th Five-Year Plan, which is supposed to promote the role of intellectual property in China. It is also a milestone in the history of Beijing's intellectual property commercialization.

Intellectual property, having made itself an important contributing factor in speeding up the transformation of the economic development mode and continuing industrial restructuring, relies on commercialization to realize its value. The Beijing Municipal Party Committee and Beijing Municipal Government, in response to the low-level commercialization of intellectual property in the nation, made the decision to set up the Beijing Intellectual Property Management Co Ltd in the Zhongguancun Science Park. The science park enjoys abundant resources in intellect, innovation, talents and capital to speed up the commercialization of intellectual property in Beijing. Therefore, an effective service platform for intellectual property commercialization may exist for building the science park into a model zone for innovative and independent development, also for establishing a globally important science and technology innovation center.

The Beijing Intellectual Property Management Co Ltd is a state holding limited liability company that was co-funded by the Zhongguancun Development Group, the State-Owned Capital Operation and Administration Center of Haidian District, the Beijing Yizhuang International Investment Co Ltd, and the China Technology Exchange. It has a registered capital of 100 million yuan ($15.81 million).

The company centers on value added services for intellectual property, such as equity investment in intellectual property and intellectual property trading. It attaches great importance to equipping itself with core abilities, including the in-depth analysis of intellectual property information and the evaluation of its value. It provides consultancy services related to intellectual property rights, hoping to offer wide-ranging services for value-added intellectual properties for the government, university-funded science research institutes and enterprises.

As the controlling shareholder of the Beijing Intellectual Property Management Co Ltd, the Zhongguancun Development Group makes full use of the expertise and opportunities provided by the company to forward the industrialization of scientific and technological achievements in Beijing.

The ceremony was chaired by the standing member of the Beijing Municipal Party Committee, Zhao Fengtong. Lv Xiwen, standing member of the Beijing Municipal Party Committee and director of its Organization Department, and Gou Zhongwen, vice-mayor of the Beijing Municipal Government unveiled the plaque. The company's person in charge and Mr. Gou Zhongwen addressed the ceremony.

Edited by Chen Zhilin and Rakhee M