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Vice-premier lauds science and technology in innovation push

Updated: Oct 23,2015 9:58 AM

Vice-Premier Liu Yandong called on science and technology to play a leading role in China’s push for innovation and entrepreneurship in a meeting on Oct 21, 2015.[Photo/Xinhua]

The nationwide wave of “mass innovation and entrepreneurship” should further embrace science and technology to revitalize economic development as new engines, Vice-Premier Liu Yandong said in a meeting on Oct 21.

More universities, research institutes, enterprises, financial agencies and other social forces should be encouraged to participate in the initiative, the vice-premier said.

“Science and technology should play a leading role in our push for innovation and entrepreneurship. We should transform scientific and technological achievements into industrial applications, and explore new management approaches for such intangible state assets,” Liu said.

She also urged enhanced incentives for innovators and business starters, as well as the establishment of service platforms such as crowd-funding to integrate resources.