马蔚华：2024年我国科技成果转化率达到了35％，但和发达国家仍差距较大｜快讯

Group 1 - The government guidance fund plays a crucial role in technology innovation by addressing the most critical yet underfunded parts of the technology innovation funding chain [2] - The National Technology Achievement Transformation Guidance Fund aims to accelerate the transformation and application of technological achievements, encouraging social and local government investment [2] - China's technology achievement transformation rate has increased from 25% in 2010 to 35% currently, but there remains a significant gap compared to developed countries [2] Group 2 - The first reason for the existing gap is the disconnection between the innovation chain and the industrial chain, with early-stage VC and angel investment being insufficient for high-tech projects [3] - The second reason is a cognitive deviation, where indirect financing dominates and emphasizes collateral, which does not align with the asset-light nature of high-tech ventures [3] - The third reason involves a misalignment between government goals and market behavior, as metrics for evaluating universities focus on the number of patents rather than their conversion into tangible results [3] Group 3 - Recent central policies, including support for science and technology innovation bonds and the expansion of equity investment pilot programs, have significantly broadened financing channels for high-tech sectors [4] - The government guidance fund is expected to organize and coordinate these funds, establish a mother fund, and play a leading role in mobilizing and directing social resources into technology enterprises [4]