In order to further promote the industrialization of patents, stimulate and support the commercialization of patented technologies, boost transfer and license of patent right and encourage technological exchanges, Beijing Municipal Intellectual Property Office recently sponsored commercialization of 10 patents selected from 9 local companies, valuing 4.623 million Renminbi yuan .
Datang Mobile's wireless broadband technology based on the TD-SCDMA standard and a new medicine developed by the Chinese Academy of Medical Sciences were each awarded the top prize of 1 million Renminbi yuan.
In 2010, Beijing IP Office and Municipal Bureau of Finance jointly released“Promotion Measures on Patent Commercialization”and established a special fund for qualified patent assignment and licensing activities.
