A government-led intellectual property fund for key industries was launched last week, with total planned capital of 1 billion yuan ($153.3 million), which would make it the richest of its kind nationwide. The first phase of 400-million-yuan capital has been sold out, focusing on investment in startups and growing companies with high-value patents in mobile Internet and biomedicines. The fund will cooperate with major national IP projects and help IP agencies build multilevel cooperation with investment and financing institutes.

(Source: China Daily)