Some of the lessons to be learnt from China

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JGITMThere are some pivotal lessons that one can learn from China. In my research with Mingfeng Tang (Southwestern University of Finance & Economics, China), Angathevar Baskaran (University of Malaya, Malaysia) and Yong Lu (Pennsylvania State University, USA), we discovered that the Technology Business Incubators (TBIs) in China are managed in a disctinct manner. The four Chinese TBIs that we evaluated were all not-for-profit organizations and their directors were appointment by local governments.

At the macro-policy level, the Ministry of Science and Technology (MOST) shapes the general guidelines and rules, such as entry and exit policies as well as incubator evaluation framework. Torch Program Office under the MOST organizes, develops, finances and guides China’s official incubator programs. Provincial, municipal, county and district S&T commissions are responsible for implementing the program and establishing incubators in their local jurisdiction. At the micro-management level, TBI management team follows the guidelines of local Science & Technology commissions and establishes detailed execution policies. The policies are in accordance with those made by upper government agencies.

More details about this research can be read in our full research paper here.

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