The first patent insurance policies in Xiamen city were signed on July 16. The ceremony was attended by more than 80 delegates from the local IP authority, insurance providers and insured companies. The patent insurance mechanism in the city was launched in November 2014, aiming to reduce patent risks and the cost of defending rights. It is one of the focuses of the Xiamen intellectual property office this year, which issued policies in May to give patent insurance subsidies to local companies.

(Source: China Daily)