BEIJING, Oct. 19 (Xinhua) -- Eight sub-funds of the National Fund for Technology Transfer and Commercialization (NFTTC) have been filed for approval in 2018, reported the Economic Information Daily quoting an insider on Friday.
By far, the number of sub-funds for technology transfer has exceeded 20, amounting to nearly 30 billion yuan.
China's move to establish the NFTTC is aimed at completing the country's technology transfer system. They are helpful to fully tap the advanced scientific research achievements with long-term potentials, and thus to explore new mechanisms for technology transfer, said Chen Jin, director of the Research Center for Technological Innovation (RCTI) of Tsinghua University.
Local government-led funds for technology transfer also develop rapidly. They mainly focus on next-generation information technology, biotechnology, new materials, new energy and other fields that meet China's national industrial policies and demands, said Yuan Yichao, Council member of NFTTC and a lawyer at the Beijing branch of Shanghai City Development Law Firm.
Currently, both the central government and local governments have been taking intensive measures to promote technology transfer with increasingly clear road maps.
Emphasis should be put on the collaboration of the innovation chain, industry chain, capital chain, service chain and talent chain, stressed Luo Dajin, deputy director of Science and Technology Commission Shanghai Municipality (STCSM). (Edited by Gu Shanshan, Zhang Yuan, zhangyuan11@xinhua.org)
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