Jul.14 (China Daily) -- An IP service park was established on Friday in the central business district of the Tianjin free trade zone to provide tailor-made services for the area's innovative startups. Companies will be able to complete their trademark applications in just one hour. Funded by Ciprun, a leading online IP service provider, the park will organize forums, seminars and summits for local companies to exchange ideas on innovation. It will also cooperate with the government, banks and investment agencies to help companies apply for IP pledge loans.