Taiwan set up a smart bank to assist LED companies in the international market

[High-tech LED News] In recent years, Japan and South Korea have set up large-scale intellectual funds to buy key patents everywhere to help local companies to make international arrangements. Taiwan’s Ministry of Economic Affairs said recently that it will lead the Industrial and Technological Research Institute to set up an IP Bank, including a smart money management company and a smart money fund, to help Taiwanese companies win patent lawsuits when facing international patent litigation.

The ITRI will focus on six emerging industries and four smart industries, and will first lock up the patent maps for electric vehicles, LEDs and communications industries. The Ministry of Economic Affairs plans to first set up a smart banking bank at the end of June and early July this year, with an investment of NT$1 billion to NT$2 billion. It will seek funding from the National Development Fund, which has the meaning of endorsement by the government. The rest will be funded by the Institute. The institute recruits from private industry, and the fundraising targets include notebook, LED and communication related industries.

According to reports, the intellectual property management company was initially managed by the government. After the operation of the track, the intellectual property fund will be established. Its function will take the initiative to attack key patents all over the world.

The Ministry of Economic Affairs revealed that the Institute of Industrial Engineering is actively constructing a patent map. The former Industrial and Technological Research Institute completed the patented group of AC LEDs, and then produced a patent portfolio of up to 27 cases of 100 LEDs, and authorized it to crystal, and then Toyota Synthetic Co., the world's top five LED patent manufacturers, is expected to cut into the Apple supply chain.

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