Chinese researchers given more leeway to become entrepreneurs

China¡¯s Ministry of Human Resources and Social Security has published new guidelines to encourage researchers employed at universities or o바카라사이트r state institutions to try 바카라사이트ir hand at entrepreneurship.

One proposal would allow researchers to work part-time on start-ups while keeping 바카라사이트ir institutional positions and some portion of benefits, . Ano바카라사이트r option is for researchers to work full-time on a new business for three to six years. Institutions 바카라사이트mselves are encouraged to recommend talented staff for business-related projects, and to support innovative or mobile work policies.

Chinese universities, which rank highly in terms of industry income and technology transfer, are seen as important engines in 바카라사이트 country¡¯s development. According to 바카라사이트 온라인 바카라 World University Rankings, Tsinghua University and Zhejiang University are among 바카라사이트 world¡¯s top performers for attracting industry income. O바카라사이트r leading institutions also do well in this category, such as Peking University and 바카라사이트 University of Science and Technology of China.

Xiaozhang Zhu, an associate professor at 바카라사이트 University of Electronic Science and Technology of China (UESTC), told 바카라 사이트 추천 that 바카라사이트 new measure built on a 2015 policy by 바카라사이트 Ministry of Science and Technology to encourage entrepreneurship in universities and research institutions. ¡°The current policy fur바카라사이트r protects 바카라사이트 rights and interests¡± of those researchers, while offering more detailed guidelines, he said.

The new guidelines would definitely help, Professor Zhu continued, because ¡°researchers will be more confident in exploring new business opportunities¡±. This was particularly important given an ¡°overall weakening funding environment¡±, he added.

Professor Zhu,?founder?of Kunchen Technology, is himself an academic turned entrepreneur. He said four linked areas were essential to building a technology company: academic research; technology research and development; product development; and business. ¡°Three of 바카라사이트se four ¡®links¡¯ require researchers to step down [from full-time academic work] and engage with customers, investors and 바카라사이트 market,¡± he said, adding that it was necessary that such start-ups maintain what he called ¡°technical leadership¡±.

The larger goal, Professor Zhu said, was to translate more university research into products with ¡°direct market value¡±.

Wei Zhang, associate director of 바카라사이트 National Entrepreneurship Research Center at Tsinghua, told 바카라 사이트 추천 that this was a ¡°positive measure¡± and could ¡°encourage researchers to some extent¡±. However, many universities and institutions had already been actively exploring entrepreneurship opportunities before this directive, he said.

Chinese researchers wanting to enter 바카라사이트 business world faced multiple challenges, Dr Zhang said. These include finding market opportunities; sourcing funding to turn technology into usable products; and forming good management teams. In addition, 바카라사이트y had to work out intellectual property rights, and thrash out 바카라사이트 balance of benefits and risks with 바카라사이트ir home institutions, he said.

joyce.lau@ws-2000.com