Want to go public on the board? Intellectual property issues cannot be ignored.

The board was created by President Xi Jinping in2018Year11Month5Japan announced its establishment at the opening ceremony of the first China International Import Expo. It is independent of the existing main board market and conducts a pilot registration system in this sector. The establishment of the Science and Technology Innovation Board is a major reform measure to implement the strategy of innovation-driven and technological power, and to promote high-quality development. It will help improve the basic system of the capital market, activate market vitality, and also provide new financing channels for many high-tech companies.

Since the announcement of the establishment of the board, there have been many companies ready to move. The Shanghai Stock Exchange, in the "Shanghai Stock Exchange Science and Technology Innovation Board Enterprise Listing recommend Guidelines", provides guidance on specific industries that meet the positioning of science and technology innovation board enterprises, and requires sponsors to focus on recommend the following6Innovative companies in the field: (1) New-generation information technology: mainly including semiconductors and integrated circuits, electronic information, next-generation information networks, artificial intelligence, big data, cloud computing, emerging software, the Internet, the Internet of Things, and intelligent hardware; (2) High-end equipment: mainly including intelligent manufacturing, aerospace, advanced rail transit, marine engineering equipment and related technical services; (3) New materials: mainly including advanced steel materials, advanced non-ferrous metal materials, advanced petrochemical and chemical new materials, advanced inorganic non-metallic materials, high-performance composite materials, cutting-edge new materials and related technical services; (4) New energy field: mainly including advanced nuclear power, large-scale wind power, high-efficiency photovoltaic, high-efficiency energy storage and related technical services; (5) Energy conservation and environmental protection: mainly including high-efficiency energy-saving products and equipment, advanced environmental protection technology and equipment, advanced environmental protection products, resource recycling, new energy vehicles, new energy vehicle key parts, power batteries and related technical services; (6) Biomedicine: mainly includes biological products, high-end chemical drugs, high-end medical equipment and equipment and related technical services.

It can be seen from the Guidelines for the recommend of Listed Enterprises on the Science and Technology Innovation Board that the enterprises listed on the Science and Technology Innovation Board in the future are mainly concentrated in high-tech and high-innovation enterprises, and these enterprises are inIPOIn the process, the issue of intellectual property rights will become more prominent and more attention will be paid to it. Refer to the previous GEMIPOAnd the data of merger and reorganization audit (because the enterprises listed on the gem also have the characteristics of high technology and high innovation, so it has certain reference significance), the number of problem enterprises in five major intellectual property intensive industries, such as computer, communication and other electronic equipment manufacturing industry, chemical raw materials and chemical products manufacturing industry, professional equipment manufacturing industry, electrical machinery and equipment manufacturing industry, and software and information technology service industry, accounts for the total number of problem enterprises45.4%and50.2%.

In order to prevent the intellectual property problems faced by the listed enterprises on the science and technology innovation board, according to a widely circulated report on soliciting opinions and communication of the recommend guidelines of the securities companies on the science and technology innovation board, the enterprises recommend by the securities companies are required to meet four major requirements: they have independent intellectual property rights and relevant technologies break through the international blockade; relevant technologies are the active driving force for the income growth of enterprises, and their main income sources and technologies; It has a mature R & D system and R & D team; it has a mature business model. It can be seen from the above requirements that "with independent intellectual property rights and related technologies breaking through the international blockade" has become a rigid rule for science and technology innovation board enterprises.

Regarding the requirements of companies listed on the Science and Technology Innovation Board, although corresponding requirements are put forward for intellectual property rights, and companies listed on the Science and Technology Innovation Board are required to have independent intellectual property rights, specific standards and rules have not yet been issued. Therefore, it also brings some practical operations. Troubled. Regarding whether an enterprise has independent intellectual property rights, a comprehensive analysis can be made from the following aspects: (1) Information on the number of patent applications and the date of application: the number of patent applications is the basis, and the more patent applications an enterprise has, the more likely it is to have core patents and high-value patents. (2) Global patent layout: As an advanced technology, entrepreneurs should have a global vision to distribute their technology around the world. From the company's global patent applications and licensing can also be seen whether the company has independent intellectual property rights. (3) Inventor team: From the inventor information, it can be seen that the main inventors and the capabilities of these inventors can initially determine the number of high-end technical talents and the number of high-yield inventors.

Many companies that are preparing to be listed on the Science and Technology Innovation Board are already preparing to submit relevant information. Investors and sponsors can evaluate whether a company has independent intellectual property rights in accordance with the above aspects. Of course, for some future there isIPOThe planned enterprises should make full preparations in terms of intellectual property rights, carry out patent layout of their core technologies in advance, and deal with the intellectual property problems that may be faced in future listing. In the future, intellectual property is bound to become a businessIPOAn important evaluation factor in the process.