Shaping China’s Innovation Future
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Shaping China’s Innovation Future

University Technology Transfer in Transition

John L. Orcutt and Hong Shen

Shaping China’s Innovation Future employs a thorough analysis of a combination of factors including: the role of law and China’s legal system; economic theory and the development of China’s economy; China’s educational, intellectual property, and financial systems; China’s innovation capacity; and Chinese culture. Though the recommendations on how to improve China’s technology commercialization system are unique to China, the scope of the research makes the conclusions found here applicable to other countries facing similar challenges.
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Conclusion: what does it mean for the rest of the world if China gets things right?

John L. Orcutt and Hong Shen


I love being from the Third World because it represents such a marvelous challenge – that of making a transition to a market-based capitalist system that respects people’s desires and beliefs. When capital is a success story not only in the West but everywhere, we can move beyond the limits of the physical world and use our minds to soar into the future. – Henry De Soto, in ‘The Mystery of Capital’1 On the face of it, this book is about university technology commercialization in China. On a deeper level, however, this book has been about the transformation of a developing country to a point where it can begin to meaningfully engage with the knowledge-based world as an innovative country. China’s progress in university technology commercialization is just one indication of China’s ongoing transformation into an innovative country. Developing a robust university technology commercialization system could go a long way to satisfying China’s desire to create meaningful domestic innovation capacity that can eventually provide the basis for China’s future innovative growth. Developing countries around the world want nothing more than to find a way to introduce meaningful technology-based economic development into their economies. For most of these countries, their universities and GRIs are likely to hold some of the country’s strongest R&D capacity. For technology-based economic development to become a reality, therefore, universities and GRIs will almost certainly have to play a leading role in the effort. Finding the best way to unlock the technology commercialization capacity of developing-country universities and...

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