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Taiwan to set up intellectual property bank: MOEA

2011/04/10 15:40:51

Taipei, April 10 (CNA) Taiwan is planning to set up anintellectual property bank in light of the constant suing ofTaiwan-based companies by foreign firms for patent infringement, theMinistry of Economic Affairs (MOEA) said Sunday.

Accusing competitors of stealing patents has become a way forinternational companies to compete with each other these days andlarge-scale Taiwan-based firms have been the constant targets offoreign competitors, the MOEA said.

The intellectual property bank is scheduled to be set up in Juneunder the supervision of Taiwan's semi-official Industrial TechnologyResearch Institute (ITRI) . The bank will provide "protective shield"for Taiwan-based firms by building patent portfolios and providinglegal advice, the MOEA said.

The goal is to attract a total capital of NT$500 million(US$17.24 million) from venture capital firms and various companieslike Taiwan smart phone maker HTC Corp, personal computer makers AcerInc. and Asustek Computer Inc., among others, the ministry said.

The bank will be privately-owned as it will receive less than 30percent funding from the government, while membership fees will beset at around NT$1 million each, according to the ITRI.

The bank will seek to purchase patents that are likely to bebeneficial to Taiwan-based firms in the international market, itsaid. Local companies will then have the option to buy the patentsfrom the bank in order to gain a much-needed competitive edge, theITRI said.

(By Lin Shu-yuan and Ann Chen)
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