Construction of Internal Market of R&D Achievements transformation of Large-scale SOE

Abstract

The transformation of R&D achievements is a key link for large SOE (State-owned enterprise) to implement national innovation and development strategies and accelerate R&D innovation.Large-scale SOE have accumulated a large number of R&D achievements. But most of the achievements have not successfully transformed into industrial products. The transformation channels amid R&D, industrial and application units within the SOE group have not been built efficiently, which is mainly due to the fewer high-potential achievements, the narrower transformation channels and the weak motivation of transformation.Based on an in-depth analysis of the status and problems of SOEs’R&D achievements transformation, this paper introduces the concept of “market transactions”, proposes an internal market construction plan and organization system for the transformation of SOEs’ R&D achievements which contain a total of 2 types of 3 conversion modes. Also, this paper clearly defines the function orientation and main work of each units, which provides channels for the transformation of its R&D, industrial and application units, promotes the realization of the value of R&D achievements, and improve its R&D efficiency.This paper contributes to the improvements of the large-scale SOEs’R&D achievements transformation mechanism, to the acceleration the implementation of science and technology development planning, and to the strategic management of R&D innovation.