Private enterprise establishes first 'Intellectual Property Bank'

The Zhongtian Technology Company recently established its "Intellectual Property Bank," the first of its kind in China's private manufacturing industry.
According to sources, in addition to enjoying the corresponding rewards, intellectual property created by employees in production, management and business activities will also obtain corresponding intellectual property points in the bank, and the score and calculation method are linked with the contribution in principle.
Items that can cash in rewards from the bank include new product results, new technological achievements and soft science achievements that are completed by employees or teams company resources or platforms, or with the help of research institutes, as well as various rationalization proposals.
By Zhang Hongyu, People's Daily Online
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