Potential Science and Technology Innovation Market in China and Southeast Asia.
Potential Science and Technology Innovation Market in China and Southeast Asia.
Back to the Great Navigation period, Southeast Asia had attracted businessmen from various countries with its unique geographical advantages, and businessmen from Fujian and Guangzhou of China also made a large number of the southward gold rush in the last century. Today, with globalization, the strategic layout of the company is also constantly expanding; whether it is start-ups looking for new opportunities, or mature enterprises expand the market and balance risks, Southeast Asia, which is about to become the fourth-largest economy in the world, can never be ignored by CEOs. so why does it begin to attract everyone’s attention?
On May 28th, Johnson Intellectual Property Agency and Thai law firm IDG successfully held a Webinar on “China & ASEAN Business Opportunities” through the Tencent Conference, which invited Mr. Wenqiu Liu, co-founder of Johnson IP, and Mr. GUY, the co-founder of Thailand IDG. During the meeting, Johnson and IDG also signed a cooperation framework to lay a solid foundation for both sides to develop markets in China and Southeast Asia. During the meeting, Johnson and IDG also signed a cooperation framework to lay a solid foundation for both sides to develop markets in China and Southeast Asia.
The markets of China and Southeast Asia should not be underestimated
Mr. Liu Wenqiu mentioned in his speech that in 2019 alone, the total value of China’s imports and exports of goods reached 43 trillion USD, while the total value of imports and exports in Southeast Asia also reached 621.4 billion USD, of which Thailand accounted for 88.8 billion USD. China’s imports from Thailand are mainly automatic data processors, integrated circuit boards, auto parts, clothing, rice, fruit, rubber, and other goods. Besides, as of 2019, Shenzhen alone had 14,759 PCT international patent applications and more than 500K trademark applications, and this number is still growing. All of the above data show that there is a plentiful market in intellectual property rights.
The “Seven-step Poetry” of innovation
There is a legend in Ancient China that a poet finished a poem in seven foot-steps. And today at the meeting, GUY took the innovation of an artificial meat company as an example, taking only seven steps to lead us to “create” an innovative deep technology on the IP Innovation Canvas. The first step is to collect inspiration, then analyze possible needs from major sources, and evaluate the FTO (Freedom to Operate). Then audit the key assets of the company, analyze the expectations then select the target customers and innovation types, and finally sort out the utilization strategy of the innovation, in that situation, the innovation can be introduced to the market. Of course, it’s always easy to talk, but collecting inspiration in the very first step could be the most difficult. With inspiration, the rest comes naturally.
About Johnson Webinar
Johnson Webinar is a series of activities launched by Johnson Intellectual Property Agency to enhance public awareness of the Intellectual Property market and maintain interaction among peers. We pick up some topics every month and invite senior professionals from IP law firms at home and abroad to discuss the topic together, and stimulate new sparks in the collision of ideas. If you are interested in our Webinar, you are welcome to follow us on Facebook, and we will let you know when there is a new one.
