Group 1 - The core discussion at the 2025 Tsinghua Wudaokou Global Financial Forum focused on the deep integration of finance and technology, addressing challenges such as the structural imbalance in financial resource allocation and the need for early-stage support for technology [1] - Huang Qifan emphasized that financial innovation should be based on the industrial internet to effectively address the financing difficulties faced by small and medium-sized enterprises (SMEs) [3] - The industrial internet is seen as the highest level of internet application, encompassing the entire manufacturing supply chain and related service industries, which can significantly alleviate financing challenges for SMEs [3] Group 2 - Ma Weihua highlighted the importance of government guidance funds in bridging the funding gap in the technology innovation chain, noting that China's technology conversion rate has improved from 25% in 2010 to 35% in 2024, but still lags behind developed countries [5] - He identified four key challenges in technology transfer, including disconnection between innovation and industry chains, cognitive biases, misalignment of government goals with market behavior, and issues with risk management mechanisms [5] - Ma concluded that overcoming barriers to early-stage investment and risk assessment is crucial for transitioning from a follower to an innovator in technology [5] Group 3 - Ni Zewang observed that the venture capital industry is currently facing challenges but also entering a promising era, with unprecedented national attention on entrepreneurship investment [7] - He noted the establishment of a national venture capital guidance fund as a significant development, aimed at supporting and regulating the industry [7] - Despite difficulties in fundraising and investment due to tightened IPO channels, Ni believes that new industrial shifts present substantial investment opportunities for venture capital [7] Group 4 - Qiu Dagen discussed Hong Kong's unique advantages in the integration of finance and technology, particularly in the development of digital assets and the need for regulatory frameworks to manage new financial products [10] - He stressed that Hong Kong must take a leading role in financial innovation to maintain its competitive position in the global financial landscape [10] Group 5 - Guo Jian emphasized that the competition in finance and technology ultimately boils down to talent, particularly in the context of the artificial intelligence era [12] - He advocated for focusing on foundational technologies in digital economy sectors to foster innovation and industry development [12] - Guo suggested that capital should increasingly target young talent to maximize returns on investment [12] Group 6 - Jia Yanjing pointed out that a digital risk control system can help address financing pain points for technology enterprises by enabling real-time monitoring of production and operational safety [14] - She identified three key factors driving changes in risk management: advancements in IoT, AI, and blockchain technologies, the richness of enterprise data, and the effective accumulation of technology patents [14] - Jia noted that implementing such digital risk control systems can shift risk management from reactive to proactive, thereby alleviating concerns about financing risks for high-tech companies [14]

Core Viewpoint - The integration of finance and technology is accelerating the restructuring of the industrial landscape, but significant shortcomings remain in financial support for technological innovation, particularly in early-stage investments [3][4]. Group 1: Current State of Technology Financing - The conversion rate of technological achievements in China was only 25% in 2010 and is projected to reach 35% by 2024, indicating a significant gap compared to developed countries [3]. - Early-stage venture capital (VC) and angel investments constitute a small proportion of total risk investment, leading to a lack of early funding for high-tech projects [3][4]. - The financing structure is predominantly indirect, with over 70% of social financing being indirect, which is not conducive to technological innovation [4]. Group 2: Challenges in Financial Support - There is a structural imbalance in resource allocation, with a focus on late-stage funding rather than early-stage investments [3]. - Risk investment often emphasizes commercial value assessment, neglecting the technological advantages and innovation characteristics of tech companies [3][4]. - Government goals and market behaviors are misaligned, as academic institutions focus on patent numbers without considering their conversion into tangible results [3][4]. Group 3: Proposed Solutions - Establishing government-guided funds and creating a multi-layered financing market, including technology loans and bonds, is essential for improving the funding landscape [4]. - The creation of Financial Asset Investment Companies (AIC) by banks can provide funding support throughout the entire lifecycle of tech enterprises [4]. - Investment funds, including government funds, should adhere to market and investment principles, establishing effective incentive and error-tolerance mechanisms [5]. Group 4: Importance of Technology Transfer - The transfer of technological achievements is crucial for converting technology into productivity, requiring a systematic process that includes capital attributes and cultural compatibility [5]. - Overcoming barriers such as reluctance to invest in early stages and risk aversion is necessary for transitioning from follower innovation to positioning innovation [5].

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]

Core Insights - The concept of "shared laboratories" aims to establish a "resource and revenue sharing" mechanism through collaboration with various laboratory entities, effectively integrating dispersed resources to lower R&D costs and accelerate the transformation of scientific achievements [1][2] Group 1: Company Overview - MiGe Laboratory, an innovative institution with ties to the Chinese Academy of Sciences, has been promoting instrument sharing since its establishment in 2016, focusing on sectors such as semiconductor manufacturing, optoelectronics, aerospace, and new materials [1] - Since its establishment in Chengdu in January of the previous year, MiGe Laboratory has been dedicated to leveraging market forces to drive instrument sharing [1] Group 2: Operational Model - MiGe Laboratory operates under a "centralized + distributed" model, having established partnerships with 38 entities, including the Xinglong Lake Laboratory in Tianfu New Area, and has jointly operated 250 sets of equipment [2] - The laboratory has served over 40 leading companies, including Extreme Technology and BOE Technology Group, and has received investment from the Sichuan Tianfu New Area Science and Technology Venture Capital Company [2] Group 3: Future Plans - The next steps for MiGe Laboratory include upgrading its planning and construction scheme to establish one centralized, 15 distributed, and 30 open shared laboratories for pilot testing services [2] - The laboratory aims to create a platform based in Chengdu Science City that serves the Chengdu area and the surrounding regions, extending its reach to the Chengdu-Chongqing economic circle and the entire southwestern region of China [2]

Group 1 - The "Chuangtou Tianfu. Weekly Meeting" regular investment and financing roadshow was launched in Chengdu, supported by major investment institutions and attracting over 1,100 participants from nearly 800 organizations [1] - The initiative aims to provide a comprehensive platform for investment and talent attraction for growing enterprises in Sichuan, with plans for at least two roadshows per week and over 1,000 projects expected throughout the year [1] - Sichuan province is set to introduce several measures to support high-quality development in venture capital, including a government investment guidance fund with an initial scale of 20 billion yuan [1] Group 2 - Sichuan has seen a rise in innovative enterprises and projects in its advantageous and emerging industries, attracting capital interest [2] - Chengdu Haicheng Investment Co., Ltd. has successfully invested in several companies, witnessing their growth and market entry, highlighting Sichuan's competitive advantages in various sectors [2] - Local enterprises have room for improvement in understanding capital markets and enhancing their economic development [2] Group 3 - Sichuan has formed industrial clusters in aerospace, electronic information, and new displays, presenting numerous investment opportunities with high certainty in industrial development [3] - The launch of the roadshow and supportive policies will enhance the integration of innovation, funding, industry, and talent chains in Sichuan [3] - During the roadshow, 72 enterprises participated, planning to raise 12.5 billion yuan across 12 industry sectors, including AI chips and renewable energy [3]

Core Insights - Chengdu East New Area is leveraging scene innovation to enhance the transformation of results, promoting deep integration of technological and industrial innovation [1][2] - The "front store, back factory" model implemented by Chengdu Anke Xing Technology Co., Ltd. in Chengdu Future Medical City signifies a new development model that reshapes the industrial ecosystem and stimulates new consumption potential [1] Group 1: Scene Innovation and Industrial Ecosystem - The unveiling of the "front store, back factory" innovation scene marks a significant step in reshaping the industrial ecosystem within the park, aiming to cultivate new productive forces and stimulate consumption [1] - The model integrates research, production, and consumer experience, allowing for direct consumer access to newly developed technological skincare products, effectively reducing the distance from laboratory to shelf [1] Group 2: Enterprise Support System - Chengdu Future Medical City has established a robust "We Hello" enterprise service system, focusing on innovation-driven and service-enabled approaches, which includes a comprehensive "1+2+3+N" service framework [2] - The service system provides a three-tier response mechanism to meet the lifecycle needs of enterprises, ensuring precise alignment between enterprise services and industrial demands [2] - Financial products like the "Future Medical Sci-Tech Loan" support startups by offering no-collateral, no-flow loans, facilitating technological innovation and industrial upgrades [2] Group 3: Future Development and Economic Growth - Chengdu Future Medical City plans to create more diverse innovation scenes and explore new pathways for technology transformation, aiming to inject new momentum into regional economic high-quality development [2]

科技日报记者 洪敬谱 5月9日，第二届安徽省暨合肥市生物医药产业高质量发展论坛在合肥举行。论坛现场举行了生命健 康产业成果转化服务联盟签约仪式和光量子医学联合实验室揭牌仪式，标志着安徽省生命健康产业在产 学研协同创新方面迈出重要步伐。此次论坛由合肥综合性国家科学中心大健康研究院（以下简称"大健 康研究院"）参与协办。 大健康研究院副院长姜精如介绍，近年来，该院聚焦生命健康新兴产业和生命科学未来产业，重点 布局创新药和医疗器械两大赛道，初步形成了以公共技术平台为支撑，以先进医药与再生医学研究所、 医疗器械与普惠医疗研究所为核心的研发体系，推动转化研究与产业化落地一体化布局。 全球遴选项目 促进科技成果落地，需要完善配套服务。因此，加速培育科技企业孵化器成为大健康研究院的重要 工作之一。 "目前我们已建成超4万平方米的一期孵化器并投入运营，二期大健康产业赋能中心正加快建 设。"大健康研究院成果转化与对外合作处负责人沈洪波说，研究院聚焦新药研发、高端医疗器械等领 域，为企业提供科研经费、研发合作、专业平台共享及技术服务、投融资以及注册报证等全方位服务支 持。 为了更好地完善产业生态，提升产业公共服务能力，大健康研究 ...

Group 1 - The "Mengkeju" platform in Bayannur City is enhancing its construction by establishing a local branch focused on upgrading the chili pepper industry, green transformation of mining, and innovation in smart agricultural machinery [1][2] - The Bayannur branch has signed 14 projects for technology transformation this year, amounting to 9.5 million yuan, achieving a technology demand matching rate of 80% [1] - A technology release and matching event was held in collaboration with Hunan Agricultural University, resulting in the publication of 5 technological achievements and 9 cooperation agreements with 6 companies [1] Group 2 - The Bayannur branch collaborated with Jiangsu University to release 8 technological achievements related to smart agricultural machinery, addressing 16 technical demands from relevant enterprises and signing 5 cooperation agreements [2] - The branch aims to address challenges in the chili pepper industry, which has expanded to 500,000 acres, by focusing on variety selection, immature planting techniques, and lack of processing technology [2] - The branch is targeting 11 key areas for breakthrough, including seed industry, soil fertility enhancement, deep processing of agricultural and livestock products, and ecological governance [2]

Core Viewpoint - The Ministry of Industry and Information Technology (MIIT) aims to promote the high-quality development of the technology service industry by enhancing the integration of the innovation chain and the industrial chain, focusing on mechanisms, platforms, enterprises, markets, and ecosystems [1][2]. Group 1: Mechanisms - MIIT plans to increase high-quality technology supply and improve mechanisms for demand-driven and collaborative innovation, establishing evaluation systems oriented towards industrialization and market value [1]. - Key reforms will focus on technology transfer, including mechanisms like "pay after use" and empowering results, as well as improving the demand-driven approach for technical managers and talent cultivation [1]. Group 2: Platforms - The ministry intends to create high-level innovation platforms, continuing the construction of manufacturing innovation centers and optimizing key laboratories [1]. - A comprehensive service platform will be established, integrating metrology standards, inspection, certification, and intellectual property services [1]. Group 3: Enterprises - There will be a strong emphasis on cultivating quality enterprises, including leading technology firms, innovative SMEs, high-tech enterprises, and unicorn companies, with a dynamic updating of enterprise recognition standards [2]. - The role of technical managers is highlighted as crucial for bridging gaps in technology transfer, with plans to develop specific policy documents to standardize their training and ecosystem [2]. Group 4: Capacity Building - Efforts will be made to enhance the capabilities of technical managers through education, training, and practical experience, aiming to establish them as the main force in technology services [3]. - The establishment of a national technical transfer talent training base will be optimized to improve practical skills [3]. Group 5: Incentives and Ecosystem - The ministry will implement systems for equity incentives, revenue sharing, and commission extraction to retain talent in the technical manager role [3]. - A collaborative ecosystem will be built around technical managers, involving universities, research institutions, enterprises, financial institutions, and incubators to enhance technology transfer services [3].

Core Viewpoint - The Ministry of Industry and Information Technology (MIIT) is focusing on enhancing the development of the technology service industry by strengthening the training and employment of technology managers, aiming to create a "Technology Manager +" ecosystem to facilitate the transformation of scientific and technological achievements [1][2]. Group 1: Policy and Strategy - MIIT plans to formulate policy documents to strengthen the construction of the technology manager workforce, emphasizing their critical role in bridging and providing precise services in the transformation of technological achievements [1]. - The initiative includes increasing the capacity of 36 technology transfer talent training bases, with a goal of organizing 1,275 training sessions and training 106,000 individuals from 2021 to 2024 [1]. Group 2: Market Development - The strategy involves cultivating a unified national technology trading market to promote the flow and cross-regional trading of technology, thereby expanding the demand for technology managers [2]. - The establishment of technology manager positions in universities, research institutions, technology enterprises, and medical institutions is encouraged to increase the utilization of technology managers [2]. Group 3: Capability Enhancement - There will be an emphasis on improving the educational and training systems for technology transfer, including enhancing the national technology transfer talent training bases and encouraging practical training to boost the practical capabilities of technology managers [2]. Group 4: Talent Retention - The plan includes establishing incentive mechanisms such as equity incentives, profit sharing, and commission extraction to enhance the income of technology managers, along with improving professional evaluation and employment systems to increase job satisfaction [2]. Group 5: Collaborative Ecosystem - A collaborative service ecosystem will be built around technology managers, involving cooperation among universities, research institutes, enterprises, parks, financial institutions, and incubators to facilitate the transformation of technological achievements [2].