Uni­ver­si­ties to keep earn­ings from re­search

China Daily (Canada) - - NEWS CAPSULE -

Chi­nese uni­ver­si­ties will have au­ton­omy in trans­fer­ring in­tel­lec­tual prop­erty from sci­en­tific re­search and will keep all the earn­ings, a gov­ern­ment doc­u­ment said.

No less than half of the net earn­ings from trans­fers shall be re­warded to ma­jor con­tribut­ing re­searchers and fac­ulty mem­bers, said the cir­cu­lar re­leased by the min­istries of ed­u­ca­tion, and science and tech­nol­ogy.

China has cre­ated a se­ries of poli­cies to en­cour­age sci­en­tists to trans­late their re­search into com­mer­cial prod­ucts. The State Coun­cil in March is­sued a reg­u­la­tion that pro­vides de­tailed mea­sures for aca­demics and in­ven­tors on how to com­mer­cially ex­ploit their work, as the coun­try pushes for in­no­va­tion­driven de­vel­op­ment.

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