The Chinese Academy of Sciences (CAS) launched a special fund for technology transfer and commercialization in Beijing on Sept 14.

With its own investment added to central and local government-guided funds, financial capital and private investments, CAS is eyeing an initial scale of three to five billion yuan ($460 to 760 million) for the primary fund, together with 20 to 30 sub-funds centering on strategic emerging industries and regional industrial development plans. Combined, the special fund should total about 20 billion yuan.

The launch of the fund, which will support technology transfer and commercialization across the academy, is a major innovative measure taken by CAS to serve China’s economic growth and development of the science and technology sector. The fund will adhere to the philosophy of opening up, tap the potential of domestic and overseas resources in science and technology, be globally oriented while serving China, and strive for in-depth integration of science and technology, industries and capital. It will facilitate transformation and upgrading of the economy and support sustainable growth.

In collaboration with relevant departments and research institutes, the fund has built a bank of potential investment projects including industrialization of such frontier technologies as quantum measurement, large-scale advanced proton therapy systems, high-performance lithium batteries, laser television, and cutting-edge chip technology.

The Chinese Academy of Sciences (CAS) launches a special fund for technology transfer and commercialization in Beijing on Sept 14. (Image from CAS HOLDINGS)

Source: CCTV Financial Channel