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 China's State Council said research bodies and university units
who transferred their work to outside firms to develop and market
should receive no less than half of the net income earned from the
product as a reward.
China is trying to boost its high-tech industries, from medicines to
computer chips, to offset a slowdown in manufacturing and exports
that has dragged its economic growth to its slowest level in a
quarter of a century.
"It is important to speed up the transfer of scientific
achievements, open a channel between science and the economy and
quickly create a new productive force," the State Council said in a
statement late on Wednesday.
 The announcement, posted on the official central government website,
followed a regular State Council meeting presided over by Chinese
Premier Li Keqiang.
Academics would have greater freedom to do part-time work with
external firms to develop products, while success in creating
products would be taken into account when assessing research bodies
and universities, the State Council said.
It said China would look to accelerate the creation of pilot zones
with preferential tax policies for innovative business, as well as
other financial or tax measures to support research units and
individuals.
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In November, China launched a pilot scheme to loosen approvals for
new drugs and allow smaller research bodies to apply directly for
approvals, part of a drive to create more innovative domestic drug
firms.
Wang Bin, the deputy head of the China Association for Promotion of
Private Sci-Tech Enterprises, told the official Xinhua news agency
researchers often worried about getting into commercial projects for
fear of harming their academic careers.
"The new policies will encourage more to venture into business," he
said.
(Reporting by Adam Jourdan; Editing by Paul Tait)
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