The provincial government announced on Jan 25 the establishment of a provincial patent award, which will begin on March 1. According to the related guideline, patents that have been commercialized in the province for at least two years and that create significant economic or social benefits can enter the competition. Organizers said the event would be organized annually to honor a maximum of 50 outstanding patents. The highest prize will be 50,000 ($7,997) yuan.

(Source: China Daily)