Increase The Power Of Authorization And Promote The Transformation Of Scientific And Technological Achievements

Reporters learned from the Ministry of finance that the Ministry of Finance issued a notice recently to further increase the authorization of the state level research and development institutions set up by the state and the transformation of scientific and technological achievements in Institutions of higher learning, so as to promote the transformation and transfer of scientific and technological achievements.

"The notice issued on this basis, on the basis of the original decentralization of the right to use scientific and technological achievements, the right to dispose of and the right to make profits, will further increase the authorization of state-owned equity management formed by the transformation of scientific and technological achievements, and smooth the transformation of scientific and technological achievements into the whole chain management of state assets, and support and serve technological innovation." The head of the Ministry of Finance said.

According to the original provisions, the central level research and development institutions, institutions of higher learning, and investment in scientific and technological achievements, resulting in the transfer of state-owned shares, gratuitous transfer or overseas investment, need to be reported to the competent departments and the Ministry of Finance for approval or filing at the level of authority. The notice issued by the Ministry of finance will be authorized by the central research and development institutions and the competent departments of colleges and universities.

The notice also integrated the regulations governing the use, disposal, evaluation, and income of state-owned assets involved in the transformation of scientific and technological achievements. In terms of asset utilization and disposal, the central research and development institutions and institutions of higher learning independently decide whether to transfer or permit the investment in scientific and technological achievements, or to make investment in price. They do not need to report to the competent departments or the Ministry of Finance for examination and approval or record. In terms of assets valuation, the transfer of scientific and technological achievements, licensing or investment in price is determined by the unit independently.

In order to strengthen the supervision over the management of state assets after the authorization of the transformation of scientific and technological achievements, and put the management together, the notice has clearly identified the supervisory responsibilities of the Ministry of finance, the competent departments, the central research and development institutions and colleges and universities. In addition, in order to promote the transformation of local scientific and technological achievements, the notice requires local financial departments to implement the spirit of empowerment, and formulate specific provisions in line with the actual needs of economic development, industrial transformation and technological innovation in the region, so as to further improve the management system of state-owned assets of scientific and technological achievements. At the same time, we should encourage local innovation and explore the management mode that accords with the characteristics of state-owned assets of scientific and technological achievements. According to Xinhua News Agency