On 24 May 2020, the Beijing Municipal Science and Technology Commission published, for public comments, a first draft of the Regulations for Boosting the Transformation of Technology Achievements in Beijing. Comments can be submitted from 28 May to 27 June 2020.
The Regulations are divided into six chapters, and they aim to boost the degree and width of technology transfer in Beijing in order to accelerate the city’s role as a global innovation hub. ‘Technology achievements’ refer to patents, computer software, integrated circuits layout designs, new plant varieties, new drugs, design drawings, formulas, samples, data, etc. The main highlights are:
- Chapter 1 – General principles: a coordination mechanism will be established amongst relevant municipal government departments to discuss on tech transfer issues and to formulate and implement measures to reach tech transfer goals. Competitive technology achievements from abroad and the Jing-Jin-Ji region are particularly welcome to be transferred in Beijing; relevant awards or prizes may be offered by the municipal government to individuals who have made outstanding contributions to tech transfer.
- Chapter 2 – Technology achievements’ rights and interests: R&D institutes or universities owned by the government may take the initiative to transform and convert their technology achievements without the need of previous approval from government agencies; their ownership may be granted entirely or partially to the individual who completed the achievement (through licensing, transfer, investment, or equity), together with awards and remuneration (based to specific proportions depending usually exceeding 70% of income generated/shares held. Finally, for government-funded projects (application-oriented), the contract must specify the intended arrangement for technology transformation after the end of the project; government agencies will have the right to conduct transformation and conversion of technology achievements if the leading consortium has failed to do so within the specified time frame.
- Chapter 3 – Implementation of transformation: R&D institutes or universities owned by the government shall formulate specific rules and procedures for the transformation of technology achievements, and should establish ad hoc departments/personnel for conducting related work. Short-term positions may also be established to recruit ad hoc personnel from enterprises. Achievement transformation must also be included amongst the evaluation criteria and KPIs for academic titles. International and other domestic tech transfer firms are encouraged to set up a branch in Beijing and to launch international technology transfer: subsidies and compensations will be granted based on performance. Similar subsidies will also be granted to other actors, including state-owned enterprises, incubators, etc.
- Chapter 4 – Government supporting measures: ad hoc tech transfer funds will be added to those already existing, including risk compensation mechanisms for venture capital firms, angel investors, banks and insurance companies providing support to tech enterprises doing technology transfer. Government will increase the procurement of new technologies, new techniques, new materials, new products, and new services.