To accelerate the innovation-driven development strategy, the State Council issued a document on March 1 to ensure implementation of the law promoting the transformation of scientific and technological achievements into real productive forces.

According to the document, China encourages research and development institutions, colleges and universities to give research findings to enterprises and other organizations by way of transfer, permission and investment. A transferring work system and mechanism should be established by these organizations to improve its management system, according to the document.

The price of the research findings should be fixed by agreement, auction or listed at the technology exchange market, said the document.

Research and development institutions and universities should hear opinions from their staff members before making decisions on an income distribution system concerning the transformation of scientific and technological achievements, and related regulations should also be published by the organizations, said the document.

The document said those who make the research findings and those who make great contributions to transformation of scientific and technological achievements should be rewarded by law.

In addition, performance in this aspect should be included in the performance evaluation of the related departments of these organizations, said the document.