Industrial Innovation Statute Article 12

To promote the circulation and utilization of the results of innovation or R&D, when sponsoring, commissioning certain entities to do so, or funding innovation or R&D projects, the central government authorities in charge of the industries concerned and the state-owned enterprises subordinate to such authorities shall require the entities conducting such innovation or R&D to devise the strategy for applying such innovation or R&D results for business operation, substantively analyze the intellectual property rights, ensure the quality of the intellectual property, give comprehensive protection to the results, and evaluate circulation and utilization methods.When the intellectual property under the preceding paragraph is circulated or utilized, it shall be valuated by an institution or personnel who are qualified for intangible asset valuation or registered in accordance with Article 13, and the valuation data shall be recorded in the information service system designated by the central competent authority.The regulations governing the scope of application, promotion, administration measures, and other matters regarding the innovation and R&D under Paragraph 1 of this article shall be prescribed by the central competent authority.