Rebirth of a Top Student's Handbook

"After a day of competition, the winners of this contest have finally been announced."

"Next, we will announce the list of winners and the awards."

"In this competition, the 10th place winner was the smart dishwasher invented by Group 76. It utilizes knowledge of computer science, mechanics, and fluid mechanics to free our hands and serve our lives."

"The 9th place winner is the intelligent floor scrubbing machine invented by Group 33..."

"The player who came in 8th place is..."

......

"The 6th place winner is the smart toilet invented by Group 12..."

"Now, please welcome these five groups of students to the stage to receive their awards. Presenting the awards are Director Wang Qiusheng of the Beijing Municipal Education Commission, President Ding Cheng of Capital University, and representatives from Capital University..."

“In addition to a lifetime membership to the platform, our prizes for 6th to 10th place winners also include different amounts of cash prizes.”

“获得第6名的小组奖励现金元。获得第7名的小组奖励现金8000元，第8名小组是6000元，第9名小组是3000元，第10名小组是1000元。”

As Zhou Min introduced them, the etiquette team slowly entered the arena, carrying the award medals.

These medals were hastily made this afternoon. Although it was the team's prize money, and there wasn't much left for each team member, the scene was indeed spectacular.

After that team finished receiving their awards and stepped off the stage, Zhou Min began announcing the next awards.

"We continue announcing the rankings. Our Group 126's intelligent light-sensing eye-protection desk lamp came in 5th place..."

"The fourth place went to Group 96's intelligent cooking machine..."

"Now, please welcome these two groups of students to the stage..."

.......

"In addition to a lifetime membership to the platform, the fifth-place prize includes a group bonus of one yuan and a spot in a summer camp study tour for each team member."

"In addition to a lifetime membership to the platform and a summer camp spot for each group member, the prize money for the fourth place winner has also been increased to [amount] yuan."

After the students who received their awards stepped down from the stage, the main event of the day finally began.

"Next, we announce the third place winner. The third place in this competition goes to Group 28's smart speaker..."

"The second place in this competition went to Group 4's home smart monitoring team..."

"The smart home system from Group 63 won first place in this competition..."

.......

"Now I will announce the rewards for these three groups. In addition to receiving lifetime memberships to our platform and spots in the next summer camp study tour, these three groups of students will also receive a share of the profits from the products they design."

Hearing the gasps of surprise from the audience, Zhou Min slowly said, "Yes, you heard right. Huachuang Intellectual Property Company is also under our company. The main business of this company is the registration, authorization, and trading of patents."

"We will help the top ten teams in this competition register patents for them free of charge. For the top three teams, we will set up production lines and put these inventions into production directly."

"In addition, once the product is launched on the market, the top-performing group will receive 60% of the sales profits, the second-place group will receive 55%, and the third-place group will receive 50%."

As Zhou Min finished speaking, not only were the students participating on-site and the viewers in the live broadcast room shocked, but even the teachers and judges on-site were also shocked.

There are actually many people who enjoy inventing and creating.

However, most of these people lack the courage or means to turn their inventions into products.

Those who cannot monetize their inventions, or who are not professionals in the field, can only gradually give up their hobby.

But what did they hear now?

This online education company is actually going to directly produce the inventions created by these children into products, but that's not the most crucial point.

Most importantly, this company offers patent royalties of over 50%.

This is something that no one can even imagine.

what does this mean?

This means that this company is essentially offering free outsourcing services.

Even if these patent holders build their own production lines and produce the products they invented, they themselves may not be able to get this percentage of the profits.

Not to mention the effort and risks involved.

At this moment, not only the students in the audience and viewers in the live broadcast room, but even the teachers, professors and experts sitting in the front row began to get excited.

Many of them knew that Zhou Min had opened another intellectual property company, after all, this matter was quite popular on the school forum.

However, most of them did not read Zhou Min's post carefully. They just thought that it was the same as other companies in the market, a company that charges for patent registration.

Who would have thought that they would take such an unconventional approach, directly building factories and monetizing these patents?

Most importantly, the patent royalties are incredibly high!

It's important to know that patent revenue sharing in the market is generally only a few percent, and some patents are even bought out by manufacturers for tens of thousands or hundreds of thousands of dollars.

Where else in the market can you find patent revenue sharing like Zhou Min's, with 50% or 55%?

Besides, what technical skill is there in what these students have made? They could easily make a whole bunch of these things themselves if they went back and did a little work.

Some professors and experts who haven't secured research funding for next year are already starting to get restless.

They couldn't wait to go back immediately, repackage all the little trinkets they had made before, and sell them to Zhou Min.

They are really desperately short of money.

Scientific research is very expensive, even though the country allocates a large amount of research funding to universities in the capital every year.

But the Capital University is full of hidden talents!

So many top elites and experts are here, and many research projects with poor funding simply cannot get funding.

If they want to continue their research, they'll have to put their own money into it.

Desperate for funds, they couldn't help but be tempted by Zhou Min's words on stage.

Compared to those crude and unsophisticated inventions on stage, my own creations are definitely more valuable.

.......