The Guangzhou city government will invest 400 million yuan ($64.5 million) to spur the application of patents through 2019. Local patent owners will earn a subsidy from 1,300 yuan to 7,700 yuan after securing a new patent and will be awarded a 2,000-yuan bonus if it is their first patent. They will have a maximum funding of 16,540 yuan for their first invention patent if it remains valid for nine years, and 30,000 yuan for every 30 invention patents approved in the previous year.

(Source: China Daily)