Core Viewpoint - The article discusses the challenges and opportunities in the commercialization of scientific research in China's biotechnology sector, highlighting the innovative "teacher-student co-creation" model at Peking University that aims to enhance the success rate of startups in this field [1][10]. Group 1: Biotechnology Commercialization Challenges - The transformation rate of scientific achievements in China's biomedicine sector remains low, with only about 5% for biotech and 3.9% for university patents [1]. - Many technology startups fall into the "Death Valley" of commercialization, facing long product development cycles and unpredictable clinical trials [1]. Group 2: Peking University's Innovation and Entrepreneurship Model - The establishment of the Innovation and Entrepreneurship Institute at Peking University, led by Liu Deying, aims to create a supportive environment for student-led startups [2][3]. - The "teacher-student co-creation" model allows students to take the lead in entrepreneurship while professors provide support, which helps mitigate risks associated with academic reputations [11][14]. Group 3: Student Involvement and Training - Students are seen as ideal candidates for leading startups due to their familiarity with research and the existing trust relationship with professors [13]. - The institute employs a three-stage empowerment model to train students: cognitive development, practical experience, and market engagement [16][17][18]. Group 4: Ecosystem and Resource Support - The Innovation and Entrepreneurship Institute acts as a platform to connect students with resources, including funding and market opportunities, through competitions and networking events [23][26]. - The institute emphasizes the importance of building trust and relationships with local governments and investors to facilitate project funding [32][27]. Group 5: Unique Advantages of Peking University - Peking University benefits from a comprehensive academic structure that integrates various disciplines, fostering interdisciplinary collaboration for entrepreneurship [41]. - The university's strong research capabilities in both basic and applied sciences position it well for breakthroughs in high-risk, high-reward projects like drug development [41].