Eight departments in Fujian Province have recently issued the Work Plan for Patent Commercialization and SME Growth in Fujian Province (hereinafter referred to as the “Work Plan”), which concentrates on key and specialized industries and sets the goals to nurture a number of exemplary enterprises for patent commercialization and establish a group of "Little Giant" enterprises as well as single-item champion enterprises that use specialized and sophisticated technologies to produce novel and unique products by 2025. This Work Plan seeks to promote the rapid advancement of patent-intensive industries, expedite the conversion of patent technologies into new quality productive forces, and promote innovation and growth among small and medium-sized enterprises (SMEs).

The Work Plan outlines key tasks in 3 main areas: 1) Enhancing innovation to align with industry demands and laying a robust groundwork for patent commercialization; 2) Integrating production factor resources to invigorate and streamline patent commercialization processes; and 3) Enhancing service systems to fortify and support patent commercialization efforts. The Work Plan details measures in four key areas to support policies, which include enhancing the coordination of policy resources, boosting the commercialization of patented technologies, improving targeted investment and financing services, and fostering regional equity markets. These efforts are aimed at integrating resources from different departments to expedite the commercialization and application of patents within enterprises.

Fujian has launched a province-wide application and recommendation process to speed up the development of exemplary enterprises for patent commercialization. More than 380 enterprises have taken part in it. The Fujian Intellectual Property Administration will then work with other relevant departments to select and confirm the recommended enterprises to be included in the database. Next, Fujian will fully leverage the special action mechanism to promote patent conversion and application. The province will synergize its efforts for SME patent commercialization with its other key initiatives, including rejuvenating existing patents from universities and research institutions, and fortifying the industrial intellectual property chain. By enhancing investment support, fostering coordination, and providing ongoing guidance, Fujian is committed to the effective, detailed execution of all policies and measures.