The intellectual property capacity is becoming stronger, and the innovation vitality of private enterprises is constantly bursting

In recent years, the innovation investment of private enterprises in China has continued to grow, and the quality of innovation has significantly improved. They have continuously achieved breakthroughs in the quantity and quality of invention patents, becoming an important force in promoting scientific and technological innovation. Next, we need to continuously promote the solid implementation of policies that benefit enterprises, encourage and support innovation in private enterprises, continuously enhance competitiveness, and shape new driving forces and advantages for development.

Recently, the Intellectual Property Development Research Center of the China National Intellectual Property Administration released the Report on Invention Patent Authorization of Private Enterprises in China (2021). According to data, in 2021, the number of authorized invention patents in China reached 696000, with private enterprises occupying 7 out of the top ten domestic enterprises.

On the innovation chain, different entities such as enterprises, universities, and research institutes have different functional positioning and advantages, and are all indispensable research forces. As an important component of the national economy, more and more private enterprises attach importance to innovation and research and development, continuously improve their technological level, and enhance their intellectual property capabilities, becoming an important force in promoting scientific and technological innovation in China.

Continuous growth in innovation investment and significant improvement in innovation quality

In March this year, a new patented dishwasher technology was launched at Ningbo Fangtai Kitchenware Co., Ltd. This technology utilizes high-pressure spraying to release high-density bubbles, which can efficiently clean stains on the surface of bowls, plates, and fruits and vegetables. As of October this year, Fotile has over 130 valid invention patents in the field of cleaning technology. The newly released embedded dishwasher product alone has applied more than 40 invention patents.

Enterprises are the main body of innovation and the driving force behind innovation and creation. The report of the 20th National Congress of the Communist Party of China proposes that we must adhere to the principle that technology is the primary productive force, talent is the primary resource, and innovation is the primary driving force. We must deeply implement the strategies of revitalizing the country through science and education, strengthening the country through talent, and driving development through innovation, open up new fields and tracks for development, and continuously shape new driving forces and advantages for development.

In recent years, China's private enterprises have continuously increased their investment in innovation, significantly improved the quality of innovation, and continuously achieved breakthroughs in the quantity and quality of invention patents. According to the latest data from the All China Federation of Industry and Commerce, in 2021, the top 1000 private enterprises in R&D investment had a total R&D expenditure of 1.08 trillion yuan, accounting for 38.58% of the national R&D investment; As of the end of 2021, the total number of domestic and foreign valid patents of the top 500 private enterprises in China exceeded 633000, an increase of 53.6% compared to the previous year.