Shanghai Daily news

A patent exchange center will open in the city on April 25, allowing companies and individuals to buy and sell patented ideas, the city government announced yesterday.
The Shanghai Patent Exchange Center will be the first facility of its kind in the city.
"The center aims to quicken the steps of sharing and industrializing local patents," Gu Yonghua, a spokesman for the Shanghai Intellectual Property Administration, said yesterday.
The new center will be located at 2310 Yangshupu Road, home to the city's Intellectual Property Park. An exhibition center for displaying newly patented products will also open its door at the site this month.
"Many patented products and ideas can be used more efficiently if they are introduced to the public," Gu said.
Officials said the city has authorized more than 40,000 patents over the last five years, 70 percent of which were created by companies and have considerable industrial value if widely applied.
Many of the patents owned by individuals have never been commercialized, according to Gu.
The administration also announced a series of activities to mark World Intellectual Property Day, which falls on April 26.
An international seminar about protecting patented brands will be held on April 21.