China Eases Tech Transfer Rules; Researchers to Profit from Sales

To speed up innovation in China, the State Council announced new rules to promote technology transfer from research institutes to small businesses. Researchers will receive 50% of the profits from any sales, according to a statement issued by the State Council. Previously, government regulators had to approve the transfers, which was time-consuming. Now, special organizations will supervise these transactions more efficiently, facilitating the transformation from research into commercialization. More details.... Share this with colleagues: // //