(China Knowledge) - The 4th Beijing Invention Award Presentation Conference was
held in Beijing International Hotel on Mar 9. Beijing E-Town's five enterprises
including BOE and SMIC won 5 invention patent awards at the event.
The invention patent award is a special reward set
for invention with significant economic and social benefits in the city by the
Beijing municipal government. The conference is held every two years and the
grand prize is worth RMB 1 million, the first prize with bonus is RMB 200,000,
the second prize RMB 100,000 and the third prize RMB 50,000.
Each of these five award-winning enterprises in
Beijing E-Town have applied for many other patents. As of Mar 2017, BOE has submitted
over 23,000 patent applications with the State Intellectual Property Office and
13,137 of which were approved and authorized. Meanwhile, SMIC had more than
Innovation and original invention are keys to
China’s economic transition, and often emphasized from the highest official
level to local governments since President Xi Jinping took office.