Sci-tech Achievements Commercialization Contracts Valued at RMB 125.61 Billion

An annual report on the commercialization of China’s scientific and technological achievements was published recently, showing that 466,882 sci-tech commercialization contracts were signed at 3,554 colleges and universities nationwide in 2020, with a total value of RMB 125.61 billion. Of these, 261 colleges and universities boast a contract value of over RMB 100 million.

Over 40 percent of the scitech commercialization flows to the manufacturing sector, and over 60 percent to medium-sized, small, and micro enterprises.