4 firms awarded for patented inventions

Writer:   |  Editor: Shangqing  |  From:   |  Updated: 2018-12-27

Four Shenzhen enterprises were among 30 gold-prize winners at the 20th WIPO-CNIPA Award for Outstanding Chinese Patented Invention & Industrial Design, the Shenzhen Economic Daily reported yesterday.

The four local award-winning companies are Shenzhen Salubris Pharmaceutical Co. Ltd., Zhuli Zhiye Shenzhen Electrical Appliance Industry Co. Ltd., Winners’ Sun Plastic Electronics (Shenzhen) Co. Ltd. and UBTECH Robotics Inc.

According to the National Intellectual Property Administration, the 30 winners were selected for this year’s gold prize for their outstanding patented inventions, while 10 others won for industrial designs.

Some 59 silver awards for patented inventions and 15 for industrial designs were granted, and 695 excellence awards for patented inventions and 61 for industrial designs were presented.

According to incomplete statistics, the 40 gold-prize projects had seen increases of 83.5 billion yuan (US$12.13 billion) in sales, 13.9 billion yuan in profits and 18.6 billion yuan in exports by the end of 2017, which strongly supported the high-quality development of related industries.

Co-organized by the National Intellectual Property Administration and World Intellectual Property Organization, the award selects outstanding patented projects based on four evaluation standards, namely quality, technological advancement, application and protection measures, as well as effectiveness, social benefits and development prospects.