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Publish Date : 23-Jun-2014

After 12 months of confidential discussions, the University of New South Wales (UNSW), one of Australia's leading universities has secured 2 historic partnerships that experts hope will unlock valuable insights into China's world-leading technology transfer and research commercialization.

The University of New South Wales' pro-vice-chancellor (Research), Professor Mark Hoffman, said that the first deal, will be signed in Beijing, between UNSW and the China Iron and Steel Association's (CISA's) subsidiary will provide a platform to commercialize UNSW's metals research with CISA's network of more than 100 steel mills.

CISA's membership covers more than 90% of China's steel industry and this alliance delivers an exciting mechanism to take our technology directly to the world's largest steel industry.

The second deal, between UNSW's commercialization arm and the Fujian Provincial Government, sees the university become a member of the China Cross-Straits Technology Transfer Center.

The agreement sets out the framework for the university to promote its technology to industry based on the principles of Easy Access IP.

This is after Shanghai Jiao Tong University partnered with UNSW to become the first university in Asia to sign up to the Easy Access IP network.

Easy Access IP is about universities reclaiming their purpose to create knowledge and disseminate knowledge.

Under Easy Access IP, universities make a strategic decision to retain only the IP that can be successfully commercialized in- house. The remaining IP is available to business to use, free of charge.

Renewables and green organizations throughout China attracting billions of dollars from global investors (US $54.2 billion), and China leads the world in clean energy investment, well ahead of the US at number 2 by almost US $20 billion.

China invests almost two-thirds as much as the US on research and development and is slated to become the world's largest investor by 2022, this is the reality of the science and technology economics in the 21st century and Australia cannot afford to miss this boat.

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