startups often follow a different trajectory from their Western
counterparts. Between 1980 and 2000, the Chinese startup was a
university spinoff. Over the last decade, more universities have spun
off professors to head startups, Chen explained.
The problem with this
“professor spin-off” approach is that professors who come up with
innovations must shift gears from R&D to CTO, then manufacturing
boss and eventually CEO. Chinese startups often end up floundering
because most professors are not trained to do that. “Not everyone can
be a jack of all trades,” Chen noted.
“I have no intention to hire tenured professors to run projects or
startups,” he said. “We need entrepreneurs coming from outside who are
willing to take risks to lead projects and compete [for] national
Pay for professor/entrepreneurs will be based on their projects, not
out of the university’s payroll. Chen acknowledged that this Open
Innovation Platform creates an “unfair competitive advantage for PKU.”
The Platform is set up to offer PKU’s resources in technology, faculty
knowledge and post doc students to those who seek help in developing an
incubation process, he explained.
The university’s response to Chen’s tech transfer proposal has so far
been enthusiastic. Its embrace of the project derives in part from
Chen’s promise to finance startups on a “project by project” basis.
That approach could eliminate the importance of old connections and
favoritism, requiring a new merit-based model to successfully connect
investment with deserving projects that protect IP rights.
“China has money,” Chen reiterated, but “China needs rules of
engagement and China needs to make the process transparent” in order to
protect IP rights.
Free trade should require a mutual understanding of what one person owns and is receiving value for.
The situation here is a lack of respect for this process. If China would respect the IP rights of partners there could be free trade. When someone outright steals IP as Chinese companies have done many times over at all levels (Huawei-Cisco) then there can be no "fair trade". It is then time to write a set of rules and stick to them. Our US Government is too deeply in debt and does not have the courage to take a stand, but private enterprise should lead the way. In fact market economics will dictate that either China changes, or corporate trade policy changes.
If you are complaining about the standard of living in China, you should direct complaints to Chinese government bureaucrats who live quite well relatively among the "huddled masses" there.
Look at how the prices will skyrocket without made in China. Look at how much more pollution you will suffer without made in China. Chinese are suffering the pollution, making money just enough to make a living. YOU, while enjoying the inexpensive products they produced (but cannot afford to use), accuse them of virus. what a person you are??!!
When you can use free trade to explore others, promote it, even through wars; when other people get out of poverty through free trade, you want to ban it. this is not selfish but evil
If you want to know more about Dongmin Chen, don't forget to read the following blog, in which I identify Prof. Chen as one of China's daredevils.
We did get the funding, but in the end the folks we worked with were not entirely trustworthy.
That "connections" model can scale, with certain local governments in China promising lots of free perks for setting up shop in their towns.
Yes, I recognize that's how things are usually done. As long as you have a Chinese businessman that you trust, and that person has a "good connection" back home, that's probably the way to go.
Did you get the funding you were looking for?
Can that model scale?
One thing I would like to ask our readers is the following:
If funding is available in China -- either on federal, provincial or municipal levels, wouldn't you like to pitch your project to China, get the capital and see if your technology/product may take off in China?
If yes, then who do you talk to in China? How do you go about it?
For the last 20 years the West has been committing slow suicide ( much like being hooked on dope ) by dealing with China, training its Scientists / Engineers and transferring technology for free. Like some human "Ibola virus" China is devouring the West alive. The only people still advocating free trade with China or defending its " grand theft - IP " are the Wall St. 1 % ers who have profited by deliberately giving away US competitiveness to China and the pols, media hacks and shoddy academics they have rented to defend their looting of America among the masses who are still brain washed with 'free' trade.
What great irony, this professor coins a phrase "Open Innovation Platform" that is already a registered Trademark of TSMC. Next time do a little search on Google before re-using a well-known term in the semiconductor industry. http://www.tsmc.com/english/dedicatedFoundry/services/oip.htm
January 2016 Cartoon Caption ContestBob's punishment for missing his deadline was to be tied to his chair tantalizingly close to a disconnected cable, with one hand superglued to his desk and another to his chin, while the pages from his wall calendar were slowly torn away.122 comments