Using Valuation-Based Decision Making to Increase the Efficiency of China's Patent Subsidy Strategies

Authors

William Murphy, University of New Hampshire School of LawFollow
John L. Orcutt, University of New Hampshire School of Law

Abstract

[Excerpt] “The Chinese government has grown concerned that its patent fee subsidy programs have not funded the most deserving patents, and thus they no longer wish to spend public resources to promote low-value patents. Instead, the government would prefer subsidy programs that encourage the most deserving patents. The Patent Strategy reflects this desire, as the fourth strategic focus of the Patent Strategy recognizes the need to “[o]ptimize [China’s] patent subsidy policy and further define the orientation to enhance patent quality.”19 This Article explains how a disciplined and transparent valuation-based decision making process can help the Chinese government design patent fee subsidy programs that allocate funds more consistently to deserving patents. In addition, this Article offers the outline of a practical valuation model the Chinese government could use to filter patent fee subsidy requests.”

Publication Date

1-1-2013

Journal Title

Cardozo Law Review de novo

Document Type

Article

Recommended Citation

William J. Murphy & John L. Orcutt, "Using Valuation-Based Decision Making to Increase the Efficiency of China’s Patent Subsidy Strategies," 2013 CARDOZO L. REV DE NOVO 116 (2013).