December 13, 2023

KIPO-CNIPA-JPO Shared Their Policy Measures to Support SMEs at TRIPO User Symposium

The 11th Trilateral Intellectual Property Offices (TRIPO) User Symposium hosted by Korean Intellectual Property Office (KIPO) took place on December 1, 2023 in Busan, Korea.

The Symposium is an concurrent event of the annual TRIPO Heads Meeting among KIPO, China National Intellectual Property Administration (CNIPA) and Japan Patent Office (JPO), and is alternately hosted by each office. Since created, the User Symposium has offered an opportunity to the public audience and attendees from IP community to learn about the latest policy measures of the three offices within a given subject area and share their ideas with them, as well.

Under this year's theme of the "Role of IP for Innovative Small and Medium Enterprises (SMEs)", KIPO, CNIPA and JPO made the presentations respectively on what each office was doing to support the SMEs with creative ideas or technologies. KIPO also invited speakers from the private sectors of the three countries who gave practical presentations on how the IP-backed financing worked in their country.

KIPO Commissioner LEE Insil said "If we want to see innovative companies grow into a sound enterprise that has a competitive edge even on a global stage, what we need to do is fostering an innovation-friendly ecosystem where they can use their IP rights they obtained on their technologies in raising funds from banks to finance their businesses and reinvest their profits into new innovations. KIPO will continue to work closely with our Japanese and Chinese counterparts to build such ecosystem in our region and give the latest information to our users."