In a bid to promote growth of innovation companies, State-owned Assets Supervision and Administration Commission (SASAC) issued a circular to ask those qualifying companies to apply for the third group of pilot innovation companies. 

The project will be jointly organized by the Ministry of Science and Technology, SASAC and All China Federation of Trade Unions.  The participating organizations include state-owned pillar companies, research institutes in transition, private-owned tech companies and tech SMEs.  Innovation companies are those with self-reliant IPRs and brands, competitive in international markets and having its future linked with innovation.  Those selected will be granted large national S & T projects, policy loans and IPR services. 

(China IP News)