A patent matchmaking fair titled "Innovation drives economic development" was recently held in the provincial capital Harbin displaying 230 of the latest technologies patented by local colleges, research institutes and companies. More than 100 patent transfer contracts with a total value of 20 million yuan ($3.3 million) were signed during the event. The city's IP administration said it will track the contracted projects to make sure the patents are successfully commercialized.

(Source: China Daily)