Research auction makes US$131m

The first G60 High-Tech Corridor scientific and technological findings auction concluded in Songjiang on June 12, with 18 items fetching 904 million yuan (US$131 million).
Research auction makes US$131m
Qin Tian / Ti Gong

The first G60 High-Tech Corridor scientific and technological findings auction takes place in Songjiang. 

The first G60 High-Tech Corridor scientific and technological findings auction concluded in Songjiang on June 12, with 18 items fetching 904 million yuan (US$131 million).

The auction was held by the Joint Office of the G60 High-Tech Corridor and Shanghai Intellectual Property Rights Trading Center, and supported by science and technology departments of the nine cities in the G60 High-Tech Corridor vision.

The G60 is a cross-regional program agreed between Songjiang and eight cities (Jiaxing, Hangzhou, Jinhua, Huzhou, Suzhou, Xuancheng, Wuhu and Hefei) in the Yangtze River Delta.

The 18 items sold, all research achievements developed in the nine cities, covered industries such as biomedicine and health, artificial intelligence and smart manufacturing, photoelectricity, new materials, chemicals and metallurgy, nuclear technology, energy conservation and environmental protection.

Before the auction, Jinhua, Suzhou, Xuancheng and Hefei had held project matching meetings in fields, collecting a total of 1,296 items of information on scientific and technological findings or their requirements.

Transactions went on after the auction. An additional 24 items succeeded in finding purchasers afterward.

“We are actively exploring new ways to promote sci-tech achievements transformation and intellectual property rights transactions among the nine corridor cities. A scientific and technological findings auction is a new method we found to achieve efficient matches between supply and demand of sci-tech fruits in the nine cities,” said an official of the G20 joint office.

Suzhou Zhi Xin Hao Zheng Regenerative Medicine Sci-tech Co bid 20 million yuan for a Shanghai Institutes for Biological Sciences pancreas islet treatment item.

“The technology fills the gap in pancreas islet treatment in China. It is also an advanced technology worldwide. It will thoroughly update the current diabetes treatment measures. Our company values the huge potential of the market of the technology and its future industrialized development,” said Zhao Lu, CEO of the company.

The nine cities spent 159.8 billion yuan on research and development in 2018 and developed 38,202 patents. By the end of 2018 they had 15,816 high-tech companies, 1,262 national and provincial-level key labs or research institutes and 1,147 incubators or maker spaces.

Research auction makes US$131m
Qin Tian / Ti Gong

Items of information on scientific and technological findings are being auctioned. 

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