JIC Huawen has successfully completed its investment in PatSnap Limited, helping to fulfil the company’s layout in the field of think tanks.
Founded in 2007, PatSnap is a global IP（Intellectual Property） service provider that provides the world’s innovative organizations with patent retrieval, analysis and management, and other products and services, in the whole life cycle of research and development innovation solutions. It is committed to helping enterprises obtain competitive intelligence, promote innovation of science and technology research, develop efficiency and support the commercialization process.
As of the end of July 2018, PatSnap has served more than 8,000 customers in more than 60 countries and regions, covering more than 50 industries including automotive, communications and biopharmaceuticals. It has branches in the UK, US, China and Singapore. The company has nearly 1,000 employees worldwide.
With ten years of accumulated technical expertise, solid operation and a continuous innovation of the team, PatSnap has gained huge market and development potential in R&D intelligence and intellectual property management in SaaS (Software as a Service), attracting investments from many investors including Temasek Group of Singapore, Sequoia Capital and Shunwei Capital.
In recent years, under the innovation-driven development strategy, the awareness of intellectual property rights by the Government and enterprises has increased, helping to drive demand in China's intellectual property service industry. Against this backdrop, JIC Huawen decided to invest in PatSnap, a leading provider of international IP services. And through its global vision, JIC Huawen hopes to help Chinese companies enhance their ability to build barriers to intellectual property competition and help those Chinese companies expanding their overseas markets avoid patent infringement risks, discover patent value and cooperation opportunities – all in support of Chinese companies going global.
By investing in PatSnap, JIC Huawen has achieved a breakthrough in the layout of intellectual property services. JIC Huawen will work closely with PatSnap to continuously improve service and innovation capability in the field of intellectual property to support the development of Chinese enterprises and industrial upgrading.