At the 2025 Pujiang Innovation Forum in Shanghai, the Chinese mainland's Ministry of Science and Technology unveiled its annual report, revealing a standout year for turning lab breakthroughs into real-world wins. In 2024, universities and research institutes across the country sealed 661,000 contracts worth 226.9 billion yuan (about $31.9 billion) through six main channels: transfer, licensing, equity investment, technology development, consulting and services. That's a solid 10 percent uptick from 2023! 🚀
Behind these numbers is a thriving spirit of innovation. A total of 4,059 higher-education and research institutions joined the conversion wave, and 415 of them inked deals exceeding 100 million yuan (about $14.1 million) each—up 4.1 percent year on year. 💡
Supporting this boom are more than 18,200 full-time staff dedicated to technology transformation, and over 1,000 institutions now boast dedicated technology-transfer offices. Plus, 1,329 universities and institutes have teamed up with enterprises to form joint R&D units and platforms, bridging academia and industry like never before. 🤝
This momentum points to even more exciting opportunities for entrepreneurs, investors and researchers worldwide. As sci-tech achievements keep finding their way from the lab to the market, the future looks brighter than ever for innovation in the Chinese mainland and beyond. 🌏✨
Reference(s):
cgtn.com
