Can technology be used as capital contribution?

Legal analysis: see if there is a patent for technology. If this technology is an invention and has been patented, then shareholders can use this intellectual property right to buy shares. The method of shareholding is to transfer the patent right to the company in the form of capital contribution after determining the value of the patent right. After the transfer, the patentee (that is, the right to use and the right to income) is changed to a company, and the investment is deemed to be successful. If the technology is an invention, but it has not been patented, it has not yet become a transferable right.

Legal basis: Article 27 of the Company Law of People's Republic of China (PRC), shareholders can make capital contributions in cash or in kind, intellectual property rights, land use rights and other non-monetary properties that can be valued in money and transferred according to law. However, except for the property that cannot be used as capital contribution as stipulated by laws and administrative regulations. Non-monetary property as capital contribution shall be evaluated and verified, and its value shall not be overestimated or underestimated. Where there are provisions in laws and administrative regulations on evaluation and pricing, those provisions shall prevail.