Investigating University-Based Science and Technology for Creating World-Class Technology-Oriented Higher Education in China

Abstract

This chapter concentrates on the investigation and policy analysis of university-based Science and Technology Enterprises in China. In the process of collaborative innovation reform of universities, science and technology enterprises serve as a vital channel to commercialize the scientific and technological results. They prompt universities to advance the reform of the talent development mode and adjust the direction of scientific research and expand the ways to serve the society. This study investigates the basic tasks of university-run science and technology enterprises, their relations with universities, the characteristics at different stages and governance structure, and analyzes the role of stakeholders. It is found that inaccurate positioning is a critical issue in the development of university-run science and technology enterprises, institutional defects are the fundamental issue, and the shortage of funds restricts their growth. In response, it is recommended that universities develop specialty industries relying on their competitive disciplines; enterprises focus on technology innovations and accelerate the application of research results; universities and enterprises should be managed separately and their development should be regulated; the governments should make financing channels available to these enterprises and give importance to the development of capital markets.