Implementing the "project of Comm-ercializing High and New Technologies Developed in HEIs" as a Spur to the Development of China's High-and-New-Technology-Based Industries in an Endeavor to Foster New Growth Points in the National Economy

26. HEIs should give full scope to their advantages in the state innovation system, striving to promote innovation in knowledge and technology. They are called upon to make concerted actions in tackling key technical problems of common concern in economical construction, and render their services to speed up the transformation of traditional industries, readjust industrial structure, strengthen agriculture and work in rural areas, and foster new growth points in the national economy.

Efforts should be made to strengthen cooperation between higher educational and research institutions, making their respective advantages complementary to each other so as to make their collaboration more Effective. Steps should be taken to promote linkages between higher education institutions, research institutes, and enterprises in their common efforts to promote technological innovation and develop high-tech industries. Enterprises should be encouraged to set up various kinds of S£¦T demonstrative centers in HEIs, such as engineering research centers, productivity promotion centers capable of integrating diverse technologies into commercially viable products and processes, disseminating applicable R&D results and contributing to the development of new and high-tech products. Higher education institutions should be encouraged to transfer technology to enterprises, or launch high-and-new-technology-based (HNT-based) enterprises on the basis of existing small and medium-sized enterprises in an effort to explore new ways of wide-ranging cooperation between enterprises and HEIs extending from the stage of project initiation through to final production of new products.

27. To develop a cluster of HNT-based enterprises around one or a group of leading universities constitutes successful experience in the development of knowledge economy. We must create conditions to set up bases for the commercialization of high and new technologies and develop science and technology parks around higher education institutions, especially in places with a higher concentration of HEIs. They serve the interests of attracting foreign HNT-based enterprises and serve as a window on state-of-the-art HNT of foreign companies, and serve as an incubator of scientific and technological development. We should do more in promoting innovative activities among faculty and students and encourage them to start their own HNT-based enterprises.

28. The HNT-based enterprises initiated by HEIs have served as a strong impetus and source of diffusion to the development of HNT-based industries and the formation of new growth points in the economy. They have also served as bases providing practical training to innovative talent and have created new jobs for society. Henceforth we should strive to establish a number of HNT-based enterprise groups affiliated to HEIs in accordance with the requirements of the modern enterprise system.

29. A mechanism conducive to the commercialization of university produced R£¦D results should be instituted and perfected. It is incumbent upon the Ministry of Education to set up a funding agency to provide financial support to HEIs in their endeavor to conduct R&D in major scientific and technological projects with good market prospects. Measures such as setting up holding companies, owning participatory capital stock, and providing credits should be employed to support the development of S£¦T-based enterprises and R£¦D activities-including those sponsored by HEIs. In the meantime, we should set up as soon as possible a numb6r of intermediary agencies solely conducting technology transfer activities on behalf of HEIs. There should be legal provisions allowing the technology production factor to share profits accrued£® Part of the financial gains generated by technology transfer should be shared by the S£¦T personnel taking part in relevant R&D activities in accordance with their contributions according to relevant regulations. Policy issues related to the provision of venture capital to facilitate entrepreneurial activities should be studied so that university-affiliated high-tech companies may issue listed stock. This is an effective measure conducive to the development of HNT-based enterprises.