New South Wales to partner with Shanghai Jiao Tong on research commercialisation.
Australia’s University of New South Wales (UNSW) has signed a research partnership with China’s Shanghai Jiao Tong University (SJTU) with the aim of collaborating on commercialisation outcomes.
Describing the deal as a “breakthrough for technology transfer and research commercialisation in China”, UNSW said the partnership would lead to SJTU adopting the principals of Easy Access IP, collaboration on research, and access to a shared investment fund to provide seed funding for research into materials engineering, computer science, and biotechnology.
Laurie Pearcey, UNSW’s director of China Strategy & Development, said: “With China on track to overtake the US as the world’s largest investor in research and development by 2020 and Chinese universities driving so much of China’s innovation, this is a real coup for Australia. China’s rise will hit the US-centric model of patenting and research commercialisation head on. Easy Access IP is fundamentally about university research making a tangible direct impact on society and the economy.”
UNSW was the first Australian university to adopt Easy Access IP, whereby universities make intellectual property portfolios available for free in return for establishing stronger commercial links.
