Visitors test a good robotic throughout a high-tech exhibition in Beijing. [Photo/Xinhua]

China noticed an lively market within the commercialization of scientific and technological achievements, in response to an annual report launched on Wednesday, People’s Daily reported.

The report analyzed the commercialization information in 2019 from 3,450 public schools and universities, in addition to scientific analysis establishments throughout the nation.

In 2019, the variety of contracts of three,450 schools, universities and establishments confirmed an growing pattern to commercialize scientific and technological achievements by way of switch, licensing and funding. The amount of money and fairness awards obtained by people reached 5.31 billion yuan ($812 million), with 3.09 billion yuan in money awards, up 17.9 % over the earlier yr, and a couple of.22 billion yuan within the fairness awards, the report confirmed.

Compared with licensing and funding, switch served as the principle methodology for the commercialization, of which contracts accounted for greater than 60 % of the whole contract quantity.

Contracts valued at 1 million yuan and above accounted for 10 % of the whole and 89.6 % of the general contract quantity. And 24 tasks have been signed with every commercialization contract price over 100 million yuan.

Scientific and technological achievements have been primarily made in and flowed to the nation’s jap areas. Shanghai, Beijing, and Guangdong province ranked the highest three in regard to the contract quantity of scientific and technological achievements output, whereas Shanghai, Guangdong and Jiangsu provinces have been the highest three areas by way of the quantity the place these contracts went.

In 2019, manufacturing trade spent most on buying scientific and technological achievements from schools, universities and establishments by way of switch, licensing, and funding, with the quantity reaching 5.82 billion yuan, accounting for 38.2 % of the whole. Micro-, small- and medium-sized, and different varieties of enterprises obtained the biggest commercialization contract amounting to 9.19 billion yuan, accounting for 60.3 % of the whole.