On Oct. 1, China’s Ministry of Science and Technology (MOST) declared its greater efforts to be committed to leading the transformation of intellectual property (IP) and scientific and technological research results into useful products to benefit society in line with the Guidelines for Building a Powerful Country with Intellectual Property Rights (2021-2035) released in September.
2020 witnessed 549,000 contracts in total to be signed governing the country’s technology transactions worth 2.8 trillion yuan ($43 billion), of which 186,000 contracts involve transactions on intellectual property rights worth 1.1 trillion yuan ($17 billion), accounting for 39.8% of the total volume.
Huang Shengbiao, head of the Department of Research Commercialization and Regional Innovation of the MOST, specified that action will be taken in the following four sections.
First, the supply side of the community of scientific innovation is steered to be governed by demand. Well-defined IPR requests are to be stipulated when scientific and technological practices are initiated. The Intellectual Property List is to be set up.
Second, 40 pilots are to be established where the scientific and technological researchers will be entitled to the ownership and rewards of their service inventions based on the investigations made by 8 Chinese government agencies led by the MOST.
Third, a national technology transfer system is to be formed. There exist 40 state and district level exchange markets for technologies and 400 state-owned demonstration organizations of technology transfer of specialized or local interests, and 36 training centers for technology transfer talent.
Fourth, advanced technologies are conditioned to be driven by application scenarios. The initiative “One Hundred Cities and One Hundred Industrial Parks” was launched by the MOST and the Ministry of Finance to guide the technology transfer practices in response to COVID-19. Special bonds will be issued jointly by the MOST and the China Development Bank to fund some major projects of technology transfer.
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