Scientists encouraged to be more commercial
Print Edition
China is encouraging its scientists to translate their research into commercial products with policies laid out at a State Council meeting yesterday.
It was agreed that converting scientific achievements to products more quickly was vital to the country’s economic restructuring.
State-sponsored research institutions and universities will be given autonomy in transferring their scientific research to enterprises or social organizations, without having to file applications.
All revenues generated from the work may be reserved by research institutions or universities, to be used mainly for rewarding scientists, advancing research and industrial applications.
The new policies will also allow scientists and researchers to take part-time jobs in enterprises to convert their discoveries into products, and they may temporarily leave their posts to start their own businesses.
Performance in translating scientific outcomes to products will be considered in the overall evaluation of research and higher learning institutions, under the new policies.
Wang Bin, deputy head of the China Association for Promotion of Private Sci-Tech Enterprises, said the policies were groundbreaking for granting autonomy.
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