A launching ceremony for China’s first intellectual property service alliance was held in Beijing’s Zhongguancun Science Park on July 30th, and a total of 53 intellectual property service companies became members. In addition, the Beijing Intellectual Property Bureau and seven commercial banks signed a strategic cooperation agreement for intellectual property financing. The alliance is expected to facilitate the development of emerging industries with strategic importance by offering professional and quality services for Zhongguancun companies. Zhongguancun also established a public patent foundation to promote innovation, and representatives from 10 companies received grants during the ceremony.