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January 14, 2010

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Home » Metro » Education

Ideas, firms get a place to meet

SHANGHAI will launch the city's first school-business matchmaking market in Yangpu District this weekend, hoping to make it easier to move technology from the lab to practical use.

Less than 10 percent of local university technological research achievements have been put into actual production, officials said yesterday.

With the market, the Shanghai Education Commission hopes to give companies and enterprises an easier way to find inventions that can be turned into business ideas.

"The market will provide a service to the whole country," said Wang Qi, deputy director with the commission.

"Medium- and small-size enterprises in the nearby Yangtze River Delta region may find their development programs in the market."

Forty-five educational institutions, including 27 non-local universities and one overseas university, have registered for the market, which will represent more than 600 innovative technology programs.

With an investment of 8 million yuan (US$1.17 million) by local government, the market, opening on Saturday, will cover 4,000 square meters in Yangpu District.


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