A Yangpu district-based enterprise in Shanghai has successfully secured 10 million yuan ($1.42 million) in financing through a data-product intellectual property (IP) pledge, marking the city's first such deal. This breakthrough turns data from a resource into a valuable asset.
The case was included in the China (Shanghai) Pilot Free Trade Zone Innovation Area's "6+1" cases, which highlight six key innovative cases and one distinctive breakthrough.
In November 2024, the Shanghai Intellectual Property Administration and the Shanghai Data Bureau launched a pilot program for the registration and certification of data product IP. This initiative aims to help data flow freely and unlock its economic potential.
Yangpu district has seized the opportunity to support local enterprises and accelerate digital innovation. By enabling the commercialization of data, the district is helping companies leverage data to fuel business growth.
The enterprise, a major research institute, developed a platform for industrial diagnostics and research services using data from advanced manufacturing. Its data product's IP registration played a crucial role in securing financing.
By partnering with the Shanghai branch of China Construction Bank, the enterprise secured much-needed funding for further research and platform expansion.
Yangpu is developing a data finance ecosystem that integrates government support, market investment, and financial services. This initiative advances data product IP registration, drives the marketization of data and offers a national model for unlocking data's value in the digital economy.
