Automobiles are the pillar industry of WEDZ. [Photo/WeChat account of WEDZ]
High-value invention patents are a key indicator of technological innovation. Over the past three years, the Wuhan Economic & Technological Development Zone (WEDZ) has seen a steady rise in such patents, with an impressive average annual growth rate of 78 percent.
WEDZ established Wuhan's first high-value patent incubation base in April 2023 to accelerate patent cultivation. This initiative fosters collaboration between tech enterprises, research institutions, and universities, driving the creation of cutting-edge, highly competitive patents.
The global innovation center of Dongfeng Motor Co in WEDZ. [Photo/WeChat account of WEDZ]
As of 2024, WEDZ held 3,410 high-value invention patents, a 41.79-percent year-over-year growth. The number of patents per 10,000 residents has risen to 47.76, a 36-percent increase. The zone also has 345 patent-holding innovation entities, 97 percent of which are enterprises.
