Ex-post funding used to encourage enterprises to innovate

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BEIJING, Aug. 11 -- China has introduced ex-post funding into its scientific and technological funding scheme to encourage enterprises to play a key role in innovation, said the country's science authority on Monday. The Ministry of Science and Technology (MOST) published a statement on its official website, explaining the purposes and technical issues surrounding the new rule on ex-post scientific funding which came into effect in November last year. The MOST said, for scientific projects aimed at market application, enterprises should play a key role, therefore they should organize research and development (R&D) with funds raised by themselves. The government will mainly provide ex-post funding. The purpose is to have market determine which innovation projects to pursue and evaluate research outcomes, according to the MOST statement. Moreover, the ex-post funding system will direct state investment to R&D projects that have already produced results, which will prevent embezzlement, and enhance the efficiency of scientific and technological budget, according to the MOST. Previously, the government mainly offered ex-ante grands to innovation projects. There are three categories of ex-post funding. The first is for national scientific programs targeted at industrialization. The second is a reward for enterprises who apply their innovations to solving practical problems. The third category is for R&D projects in the social service sector. Tags: Rapid Prototyping, Rapid Prototyping China, Plastic Tooling, Plastic Tooling China, Rapid Prototype, Rapid Prototype China, Rapid Tooling, Rapid Tooling China, CNC Prototype, CNC Prototype China, Functional Prototype, Functional Prototype China, Metal Prototype, Metal Prototype China, Plastic Prototype, Plastic Prototype China, Rapid Manufacturing, Rapid Manufacturing China, Low volume production, Stereolithography, Stereolithography China, Vacuum Casting, Vacuum Casting China, whatsapp marketing, wechat marketing, seo, e marketing, �W��OӋ�ṩseo, e marketing, web design by zoapcon