The State Council, recently issued a document on promoting high-quality development and upgraded mass entrepreneurship and innovation.
The move is aimed at further optimizing the business environment, lowering the cost of entrepreneurship and innovation, enhancing the leading role of technology and innovation in the economy, and improving the service capacity of supporting platforms.
The Opinions put forward the six goals of the upgraded version about "Mass Entrepreneurship and Innovation":
1. upgrade service capacity in mass entrepreneurship and innovation.
2. mass entrepreneurship will be upgraded to drive up employment
3. enhance transformation of scientific achievements
4. build more high-quality innovation clusters
5. promote integration of large, medium, and small enterprises in the value chain of entrepreneurship and innovation
6. integrate domestic and international innovation resources
Focusing on the above objectives, the "Opinions" propose a series of upgraded measures:administration will be further streamlined and more power will be delegated to lower level departments in order to inject vitality into innovation and entrepreneurship. To keep a right balance between delegation and the exercise of control to build a fair market environment, and upgrade service to facilitate innovation and entrepreneurship.supportive fiscal policy will be strengthened, and improve management and service system of intellectual property rights.a tutorial system will be rolled out to include innovation education and training in universities.those involved in research in the field of science will be encouraged to build technology-based businesses, and improve the incubators for innovation and entrepreneurship and service space for innovators.further promote Internet Plus innovation and the entrepreneurship service system.
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