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Shanghai: Licensing nets 300m yuan

2011/06/22

Part of the of Chinese Academy of Sciences, the Shanghai Institute for Biological Sciences (SIBS) has signed nine patent licensing deals this year worth more than 300 million yuan ($46.26 million).

The institute's total revenue from patent and technology licensing is projected to double last year's figure, much of it from overseas companies.

An intellectual property commercialization center at the SIBS now helps the institute industrialize innovation.

After a SIBS researcher fills out an application, the center can arrange follow-up procedures including value estimates, patent protection and licensing.

(Source:Xinmin Evening News)




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