An enterprise based in Shanghai's Yangpu district recently secured 10 million yuan ($1.42 million) in financing through a data-product intellectual property 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 linked innovation areas' "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 realize free data flow and unlock its economic potential.

Yangpu district has seized the opportunity to support local enterprises and accelerate digital innovation. By boosting the commercialization of data, the district is helping companies leverage data to fuel business growth.

The said enterprise, a major research institute, developed a platform for industrial diagnostics and research services by using data from advanced manufacturing. Its data product IP registration played a crucial role in securing financing for research and platform expansion from the Shanghai branch of China Construction Bank.

Yangpu is developing a data-based financial 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.

Source: Shanghai Intellectual Property Administration