State Council issues action plan to accelerate commercialization of research findings
China’s State Council General Office has issued an action plan to accelerate commercialization of research findings. The plan says commercialization of scientific and technological findings is a key task in achieving innovation-driven development, which can strengthen connections between sci-tech and the economy, with significance of promoting supply-side structural reform. ECNS.cn
KIM’S NOTE China’s has been stressing the importance of fostering home grown innovation for many years. This action can be viewed in tandem with a recent announcement that Australia’s UNSW has secured $100m in funding from China for a Sydney-based research precinct. As the traditional sources for economic growth in China begin to play out, the country seems more focused on HEI’s potential contribution, both in and out of China, in helping Chinese business become global industry leaders in innovation.
