Two IP management companies in the city each won 10 million yuan ($1.6 million) in equity investment recently from the Ministry of Finance. Officials from the city's intellectual property authority said the IP agencies will use the funds to improve their service and international competitiveness. One of the investment winners, Shanghai Silicon Intellectual Property Exchange Co Ltd, manages more than 1,000 patents focusing on the information technology sector; the other, Sinoipro IP Management and Technology Transfer Co Ltd, specializes in the transfer of biomedicine technologies.

(Source: China Daily)