Core Viewpoint - Shenzhen has introduced a new regulation to encourage innovation and tolerate failure in the technology sector, providing a clear framework for accountability and support for researchers [1][2]. Group 1: Principles and Objectives - The regulation outlines three basic principles: respect for the laws while encouraging innovation, objective and fair assessment based on facts, and a dual approach of legal compliance and error correction [2]. - It emphasizes the importance of recognizing the exploratory nature of scientific research and aims to alleviate concerns regarding innovation risks [2]. Group 2: Conditions and Exemptions - Five conditions for diligent responsibility are specified: alignment with strategic decisions, adherence to democratic decision-making processes, avoidance of personal gain from authority, proactive engagement, and willingness to correct mistakes [3]. - Nine circumstances under which researchers may be exempt from liability are detailed, including failure to meet project goals despite diligent efforts, challenges faced in high-risk projects, and unforeseen factors affecting project outcomes [3]. Group 3: Implementation Procedures - The regulation establishes a structured process for initiating and recognizing accountability, which includes four main steps: initiation, acceptance of investigation, organizational decision-making, and feedback on results [4]. - Entities and individuals recognized for fulfilling their responsibilities will not face penalties, and their evaluations will remain unaffected [4].

Core Viewpoint - The article discusses the newly issued "Guidelines for Tolerance of Failure in the Field of Technological Innovation in Shenzhen," which aims to create a supportive environment for innovation by allowing for the forgiveness of failures in scientific research and technology projects [2][4]. Summary by Sections Introduction - Shenzhen's government has officially released guidelines to promote tolerance for failure in scientific research, emphasizing that failure is a common occurrence in the innovation process [2][3]. Guidelines Overview - The guidelines consist of five parts, detailing three basic principles, five conditions for diligent responsibility, nine scenarios for exemption, and the procedures for investigation and recognition [4]. Conditions for Diligent Responsibility - The guidelines specify five preconditions for diligent responsibility: alignment with strategic direction, adherence to democratic decision-making processes, absence of personal gain from authority, proactive engagement, and willingness to correct mistakes [4]. Exemption Scenarios - Nine specific scenarios are outlined for exemption from responsibility, including: 1. Failure to complete projects despite diligent efforts [5]. 2. Non-passing of milestone assessments for significant projects [5]. 3. Funding for high-risk innovative projects that do not meet expected outcomes [5]. 4. Inability to continue projects due to uncontrollable factors [5]. 5. Challenges due to inappropriate technical routes [5]. 6. Key technologies becoming public unexpectedly [5]. 7. Market changes rendering developed products irrelevant [5]. 8. Research difficulties due to new mechanisms or methods [5]. 9. Other scenarios as defined by relevant regulations [5]. Applicability and Procedures - The guidelines apply broadly to all technology innovation activities funded by municipal financial resources, covering various entities including public institutions and enterprises [7]. The procedures for recognition include initiation, acceptance of investigation, organization of decisions, and feedback on results [7]. Importance of the Guidelines - The guidelines provide a systematic and operational framework that respects the exploratory nature of scientific research, aiming to alleviate the pressure on researchers and encourage innovation by reducing the fear of failure [6][9]. Broader Context - The article highlights a growing trend in the investment community towards embracing a culture of tolerance for failure, which is essential for fostering innovation and creativity in high-risk sectors like artificial intelligence and biotechnology [9][12].

Group 1 - The Shenzhen Municipal Science and Technology Innovation Bureau has issued the "Guidelines for Recognizing Accountability in the Field of Technological Innovation" to provide systematic and operational institutional support for the principle of "encouraging innovation and tolerating failure" [1] - The guidelines define clear "tolerance" boundaries for researchers, outlining three basic principles, five diligence and responsibility conditions, nine exemption scenarios, and investigation and recognition procedures [1] - Units and individuals recognized for fulfilling their responsibilities will not face accountability, and this will not affect their evaluations, assessments, or future applications for financial support for technology projects [1] Group 2 - The belief in "encouraging innovation and tolerating failure" has been a core value of Shenzhen for 45 years, emphasizing the importance of a supportive environment for innovation [2] - Experts argue that a good system should encourage individuals to innovate and create wealth for society, highlighting that the level of societal tolerance directly impacts creativity [2] - The need for institutionalization and standardization of the accountability recognition mechanism in the field of technological innovation has become increasingly urgent as Shenzhen deepens its innovation-driven development strategy [2]

Core Viewpoint - Shenzhen has introduced new regulations to encourage innovation and tolerate failure in the technology sector, aiming to provide a systematic and operational institutional guarantee for scientific research and innovation activities [5][17]. Summary by Sections Overall Requirements - The guidelines emphasize three fundamental principles: respect for scientific laws and encouragement of innovation, objective and fair assessment, and adherence to laws and regulations while allowing for corrections [5][19]. Applicable Situations - The guidelines apply to all technology innovation activities funded by municipal financial resources, covering various entities including public institutions, enterprises, and individuals engaged in scientific research [6][18]. Diligence and Responsibility Conditions - Five conditions must be met for entities or individuals to be considered diligent and responsible, including alignment with strategic decisions, adherence to democratic decision-making processes, avoidance of personal gain, proactive engagement, and timely correction of mistakes [7]. Exemption Situations - Nine specific situations are outlined where entities may be exempt from liability, such as failure to complete projects despite diligent efforts, non-passing of milestone assessments, and unforeseen factors affecting project outcomes [9][10][11][12][13][14][15]. Implementation Procedures - The guidelines establish a clear process for initiating and recognizing diligence and responsibility, ensuring that recognized entities will not face penalties or negative evaluations in future assessments [15][17]. Highlights of the New Regulations - The new regulations provide a systematic framework for "encouraging innovation and tolerating failure," clearly defining the boundaries for exemptions and ensuring broad applicability across various sectors [17][18].