BEIJING, Sept. 22 (Xinhua) — China’s Ministry of Science and Technology launched its annual report on the transformation of scientific and technological achievements throughout the 2025 Pujiang Innovation Forum in Shanghai on Monday, based on the Science and Technology Daily.
The report reveals that in 2024, a complete of 4,059 universities and institutes transformed their sci-tech achievements by way of six channels — switch, licensing, fairness funding, know-how improvement, consulting and providers — with contracts totaling 226.9 billion yuan (about 31.9 billion U.S. {dollars}), which was an approximate enhance of 10 % over the earlier 12 months.
The complete variety of contracts got here in at 661,000, with each the worth and quantity of conversions exhibiting an upward development, indicating the robust transformation of sci-tech achievements.
Researchers within the nation’s universities and analysis institutes have sustained distinctive enthusiasm for innovation and entrepreneurship, based on the report. In 2024, a complete of 415 universities and analysis institutes recorded technology-transfer contracts exceeding 100 million yuan every — up 4.1 % 12 months on 12 months.
By the tip of 2024, universities and analysis institutes had 18,248 full-time workers devoted to know-how transformation. More than 1,000 universities and analysis institutes have established technology-transfer workplaces.
The report additionally mentioned that 1,329 universities and analysis institutes had established joint analysis and improvement models, technology-transfer workplaces and platforms with enterprises. ■