China makes plan to accelerate commercialization of research findings

China's State Council General Office has issued an action plan to accelerate commercialization of research findings, according to a press release on Monday.

The action plan says commercialization of scientific and technological findings is a key task in achieving innovation-driven development, which can also strengthen connections between sci-tech and the economy, with significance of promoting supply-side structural reform.

The plan aims to improve policy environment favorable to commercialization, play market's decisive role in distributing resources, and better exert governmental functions, in a bid to build a system conforming to the laws of innovation and market economy.

The plan focuses on a new generation of information networks and industries such as intelligent manufacturing to seek a market-oriented way of commercializing research findings.

It calls on supporting colleges and institutes to build institutions to facilitate the commercialization by strengthening the connections with businesses.

A national technological transaction platform blending online and offline operations will be built, regional and sectoral technological markets will be developed, and the integration between research commercialization with innovation and entrepreneurship will be promoted, according to the plan.

It also says a number of demonstration zones for commercialization of research findings will be built to seek replicable working mechanisms and models. Endi