The following regulations, issued by the PRC government in 2016, aim to create clearer and stronger financial incentives for institutions and individuals to convert scientific breakthroughs into commercially viable or otherwise practical applications.
The Chinese source text is available online at: https://web.archive.org/web/20201119173507/http://www.gov.cn/zhengce/content/2016-03/02/content_5048192.htm
To the people’s governments of all provinces, autonomous regions, and province-level municipalities, and all ministries and commissions of the State Council and their respective agencies:
Several Regulations on Implementing the Law of the People’s Republic of China on Promoting the Conversion of Scientific and Technological Achievements are hereby issued to you. Please carry them out conscientiously.
February 26, 2016
(This document to be released publicly)
Several Regulations on Implementing the Law of the People’s Republic of China on Promoting the Conversion of Scientific and Technological Achievements
The following provisions have been formulated in order to accelerate implementation of the innovation-driven development strategy; to put into practice the Law of the People’s Republic of China on Promoting the Conversion of Scientific and Technological Achievements; to open up channels for combining science and technology (S&T) and the economy; to promote mass entrepreneurship and mass innovation; to encourage research and development (R&D) institutions, institutions of higher learning (“universities”), enterprises and other innovation entities, as well as S&T personnel, to transfer and convert scientific and technological achievements into practical applications; and to advance the upgrading of the economy based on raising quality and improving efficiency: