The Need for IP
in Greater Bay Area
The geo-speciality of Greater Bay Area
In recent years, "Greater Bay Area" has been appearing in various media news and even television programs. In fact, the industries in the Greater Bay Area are greatly diversified and complementary.
Hong Kong is the world's financial center, with the advantages of talent accumulation, transparency and efficiency; connecting with Shenzhen, with its innovative genes, enlightened policies and perfect ecosphere; in addition, there is a large hinterland of advanced manufacturing industries, including Foshan, Dongguan, Zhuhai, etc., which provide many opportunities for the development of the Greater Bay Area.
Patent Inventions Surpass San Francisco Bay Area
The total economic scale of Guangdong, Hong Kong, Macao and the Greater Bay Area is huge, with a number of high level laboratories and scientific research institutions have gathered in the region, making the total amount of invention patents in Guangdong, Hong Kong, Macao and the Greater Bay Area has exceeded that of San Francisco Bay Area in the past five years.
According to the "Report on Collaborative Innovation Development in Guangdong, Hong Kong and Macao Greater Bay Area (2018)", the average annual increase of the total number of invention patents in Guangdong, Hong Kong and Macao Greater Bay Area in the past five years reached 33.1%, and the total number of invention patents in Guangdong, Hong Kong and Macao Greater Bay Area gradually began to distance from San Francisco Bay Area, New York Bay Area and Tokyo Bay Area, leading the four major bay areas in the world.