Regional Intellectual Property Trading Centre
158. Hong Kong is actively fulfilling its role as a regional intellectual property (IP) trading centre. We will refine the associated tax regime and institutional framework, nurture talents, leverage our strengths in professional services, with a view to boosting economic development through driving IP trading and financing.
Tax Deduction Arrangements
159. We are consulting the trade on tax deduction arrangements for capital expenditure incurred for purchasing IP or the rights to use IP. We plan to introduce an amendment bill this year. Reducing cost will facilitate more relevant trading activities, which would be conducive to the development of knowledge-intensive industries and could reinforce Hong Kong's position as a regional IP trading centre.
Intellectual Property Financing Sandbox
160. The IP Financing Sandbox was launched at the end of last year, with three major Hong Kong banks and their customers from the biotechnology, electronics and technology sectors, as well as legal and professional services organisations participating in the pilot project. The Commerce and Economic Development Bureau and the Intellectual Property Department (IPD) will, together with the HKMA, closely monitor the operation of the Sandbox and make follow-up arrangements.
Patent Valuation Support
161. The Government has earmarked $28 million to support the Hong Kong Technology and Innovation Support Centre in providing I&T enterprises with patent evaluation based on Guobiao (GB), and implementing the two-year Pilot Patent Valuation Support Scheme to assist I&T enterprises for conducting valuation of their patent assets.
Patent Examination
162. IPD will expand its team of patent examiners, particularly for original grant patent applications in major technology fields, to strengthen its in-house examination capacity and provide more robust legal protection for R&D outcomes.
Talent Training
163. IPD, together with the VTC, will roll out a two-year pilot programme and establish the Intellectual Property Academy to provide on-the-job training linked to the Qualifications Framework. We have earmarked $52 million for the project, which is targeted to commence at the end of this year.
Business Matching
164. With a robust IP protection regime and professional expertise, Hong Kong can provide comprehensive support to Mainland enterprises. Following the arrangement for Mainland enterprises to participate in matching activities in Hong Kong at the end of last year, the IPD will collaborate with the Mainland to organise Hong Kong IP professionals to participate in Mainland business matching programmes in the middle of this year.
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