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Patent Applications Bring Little Economic Returns

Patent applications by universities in China have brought little licensing fees, Guangming Daily reported. Comparing to 3 to 5 % world average, patent applications have increased at an annual rate of 20% in China since 2000. Applications by higher education institutions account for 11.7%. Scientists and researchers find no incentives to apply due to low economic returns and high application costs.

Source: Guangming Daily, October 19, 2008 reprinted by China News