Chinese Academy of Sciences (CAS) launched a 20 billion yuan ($306 million) fund to promote the transfer and commercialization of research findings on Sept. 14, thepaper.cn reported.
The fund is a market-based operation, led by CAS Holdings, under the guidance of the Central and local governments. It’s set up to prioritize investments on key and frontier science and technology projects to fuel their commercialization.
The fund has established cooperation with five research institutions of the academy and enlisted a batch of key projects in its investment pool, including the applications of quantum measurement, high-performance lithium ion batteries, and advanced chips.
Also, the fund signed intention of cooperation agreements with seven research institutions to set sub funds, as well as intention of investment agreements with five enterprises.