A maglev line started trial operation in Changsha, central China's Hunan province, this month. It is China's first commercial maglev line with proprietary intellectual property rights. 60 percent of the core technologies are from a team at Southwest Jiaotong University. It's an example of China's attempt of commercializing research findings.
In the past, most research findings were not commercialized due to lack of policy support. Southwest Jiaotong University changed the intellectual property commercializing procedures, to accelerate the process of putting research results into the market. With the new policy, it only took the maglev team four months to sell their technologies.
"The participation of big companies made sure that we can transfer our research results to products. Our efforts were paid off. And with the fund, we can work on future innovation and commercializing our findings," said Luo Shihui, professor of Southwest Jiaotong University.
The cooperation also benefited the enterprises.
"For enterprises, we don't have the capability to do the research on our own. Universities have technology, and we have demand. It's a good cooperation," said Zhang Siqing, vice chief engineer of CRRC Dalian Co. Ltd..
By the end of last year, Southwest Jiaotong University has commercialized 12 projects. Other universities, including Fudan University and Zhejiang University, are all working on encouraging research, and putting research results into the markets.