Source: China Daily

China's first contest to select and cultivate patents with high value was held in Beijing in August, with the aim of promoting the commercialization of patents and raising the awareness of intellectual property among the public.

"High value means higher efficiency and precise, lower-cost and more user-friendly products, to make people's life better and the country stronger," said Wu Lingwei, CEO of Angelplus Accelerator, one of the competition judges.

"The value of new technology that aims to change old habits should be at least 30 percent higher than traditional ways, only in that way will it be widely accepted by the market," she said.

Beijing Dream Ink Technologies Co Ltd, a three-year-old startup focusing on liquid metal electronic printing technology, won the contest.

Contest puts spotlight on technology with commercial prospects

Unlike the traditional chemical process technology, the liquid metal electronic printing technology is an efficient, green, energy saving and low-cost approach, said Yu Yang, co-founder and deputy general-manager of the company.

The technology is already being applied in the production of parts for medical equipment and home appliances, Yu said.

As the winner, Beijing Dream Ink Technologies received a cash prize of 200,000 yuan ($29,200) and IP services valued at 100,000 yuan, as well as patent pledge financing of up to 5 million yuan.

Zero Tech won second prize for its unmanned aerial vehicle that can be folded and put into a pocket.

The company has put on UAV flight formation performances at two Spring Festival galas.

Liang Xiumin, IP director of Zero Tech, said the company has developed the world's first intelligent aerial photography UAV using cellphone chips, which has 139 patents.

Yang Fan, from the Institute of Microelectronics at the Chinese Academy of Sciences, introduced their new-type of transistor that is expected to help China to develop core technology for manufacturing its own semiconductors.

The transistor, with 14 patents in China and the United States, can restrain short-channel effects and reduce electrical resistance, which solves a world-level challenge in the segment, she said.

The event was held during the ninth China Patent Annual Conference on Aug 30 and 31, which attracted over 10,000 attendees.

Since April when the contest was launched, participants from over 10 provinces and regions submitted applications. Eight projects, which have applied for 352 patents in total, made the final.

Li Cheng, deputy Party chief of Intellectual Property Publishing House Co Ltd, one of the organizers, said the contest expects to find innovative projects with advanced technology and great market potential, and to share experiences and ideas to incubate high-value patents.

2018-09-06