The Ministry of Finance has formulated an array of
favorable policies to encourage private sector investment in
R&D and innovation via partnerships with educational
institutions (Box 1), and the Ministry of Education has
provided incentives to universities to turn their research
into practical products. In addition, the MOST published
Guidelines for Promoting Strategic Consortium for
Industrial S&T Innovation whose purpose is to steer the
direction of the partnerships, and enable their effectiveness.
Many Chinese provinces have also set up demonstration
bases for such สมาคม