The Ministry of Education and the Ministry of Science and Technology (MST) have decided to set up technological parks at Qinghua University, Beijing University and 13 other designated universities.

MST will allocate one million yuan (about 120,000 US dollars)for every technological park each year.

The technological parks to be established in the 15 designated universities are on trial basis. And the ministries are taking efforts to set up 100 similar parks within five years.