Ample returns offered for commercial research findings

Major contributors to the completion and commercialization of scientific research findings will be rewarded with at least 25 percent of the net income from commercialization, a Ministry of Science and Technology official said Tuesday.

Not less than half of the net income from the transfer and licensing of research findings shall be set aside as reward, at least 50 percent of which shall be given to those who made key contributions to the research and transformation of the findings, said Zhang Jiejun, head of the regulation and intellectual property division under the ministry's policy, regulation and reform department.

Such incentives for primary contributors are binding stipulations in a bill on the commercialization of scientific research findings, which went into force last October, and a regulation on how to implement the bill, which was publicized earlier this year, Zhang said.

According to the regulation, state-owned research institutions, companies and universities are able to transfer or license their sci-tech achievements or invest with them as trade-ins.

Earlier, the Ministry of Finance, Ministry of Science and Technology, and State-owned Assets Supervision and Administration Commission of the State Council jointly issued a guideline, stating that eligible state-owned sci-tech enterprises could offer incentives to important technical and management personnel in forms of shares and dividends. Endi