"One plus six" innovative system
Updated: 2011-09-14 08:08
(China Daily)
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The Zhongguancun administration has a method that encourages innovation among its companies and research institutes, commonly known as the "one plus six" system, an important measure the administration takes on its way to build Zhongguancun into a technology innovation center with global influence.
It is part of the State Council's effort to speed up innovation in management of Zhongguancun administration. The "one" refers to a technical innovation and commercialization center that integrates all of Beijing's technical resources.
The "six" refers to six pilot policies, that include stockholder's rights, tax cuts, the rights of research institutes as concerns research results, recognition given to high-tech companies, research fund management, and a national over-the-counter sales market. With the innovative system, Zhongguancun works hard to integrate resources, and promote commercialization of the technical research results.
China Daily
(China Daily 09/14/2011 page42)