Auctions Speed Up Tech Commercialization

2018/03/30

The Chinese Academy of Sciences has been selling a portfolio of 932 patents via online and in-person auctions since mid-March in the coastal provinces of Shandong, Jiangsu and Zhejiang as well as the cities of Shanghai, Fuzhou and Shenzhen. The patents are the research achievements made by 57 research institutes affiliated with CAS. They cover a wide range of scientific fields including health care, new materials, modern agriculture, information technology and intelligent manufacturing, many of which are strategic industries with key support from the central government.

Source: China Daily