Legislators Discuss Measures to Commercialize “Sleeping” Patents

Chinese legislators on Thursday put forward various measures to promote the utilization of patented technologies and prevent them from lying dormant forever.

Nearly 2.38 million Chinese patent applications were accepted and over 1.31 million authorized in 2013, but very few of them feature originality, or core technology. The utilization rate of patents is very low, according to a report to the Standing Committee of National People's Congress.

A number of lawmakers suggested adjusting the system by which profits are distributed to patented products' creators at higher learning institutes to raise their enthusiasm in applying for and commercializing patents.

Lawmakers also called for more support for patent-related agencies, which could help inventors find a platform for their patent's utilization.

(Source: Xinhua)