Xu Zhihao, the head of the Robotics Technology Team at the Institute of Intelligent Manufacturing, Guangdong Academy of Sciences, has been quite busy with his schedule recently. His team has made breakthroughs in mobile robot technology and successfully applied it to outdoor cleaning robot products. Starting from 2021, we have established a joint laboratory with a company to carry out research and close cooperation around related field technologies, and have achieved success. Our research team finally invested 1.3 million yuan in the company through patent evaluation, and the high proportion of returns greatly encouraged our researchers Xu Zhihao said. The Guangdong Academy of Sciences, where Xu Zhihao is located, is one of the 40 pilot units for the empowerment reform of job-related scientific and technological achievements in China. At present, more than 100 technology companies have been incubated with our own technology, providing technical services to over 50000 companies annually. Now, the Guangdong Academy of Sciences has further local regulations to ensure the reform of promoting the transformation of scientific and technological achievements. On July 31st, the 11th meeting of the Standing Committee of the 14th People's Congress of Guangdong Province approved the "Guangdong Province Science and Technology Innovation Regulations", which will come into effect on October 1st, 2024. It proposes multiple innovative institutional measures to promote the development of science and technology innovation work in Guangdong Province from all aspects, processes, and perspectives. This is an important measure to implement the spirit of the Third Plenary Session of the 20th Central Committee of the Communist Party of China and comprehensively deepen the reform of the science and technology system in Guangdong Province. It elevates the active reform pilot and effective reform experience of Guangdong Province in recent years into local legislation and solidifies it Wu Shiwen, Deputy Director of Guangdong Provincial Department of Science and Technology, stated. The Regulation consists of 11 chapters and 94 articles, focusing on the layout of the entire innovation chain of "basic research+technological breakthroughs+achievement transformation+science and technology finance+talent support". Chen Yongkang, Deputy Director of the Legislative Affairs Commission of the Standing Committee of the Guangdong Provincial People's Congress, introduced that although Guangdong Province continues to lead in scientific research investment, patent application volume, and the number of high-tech enterprises, there are still "bottlenecks" in the transformation of scientific and technological achievements, such as cumbersome transformation processes, long transformation cycles, insufficient motivation for researchers to transform, and poor market integration. The situation of "unable to transform", "unwilling to transform", and "afraid to transform" still exists. Therefore, the Regulation has made systematic, innovative, and operable institutional designs. In terms of the empowerment reform of job-related scientific and technological achievements, Article 29 explores that, under the premise of pre agreed benefits, universities and research institutions can grant ownership or long-term use rights of job-related scientific and technological achievements to the person who completed the achievements, and encourage institutions such as universities and research institutions to explore innovative models for the transformation of job-related scientific and technological achievements, such as encouraging scientific and technological personnel to hold equity in cash through follow-up investment, and encouraging the licensing of job-related scientific and technological achievements to small and medium-sized enterprises through methods such as using first and paying later. These measures will effectively mobilize the enthusiasm of the vast number of scientific and technological personnel to transform their achievements, and effectively promote the implementation of 'organized scientific research' in Guangdong Province Liao Bing, Secretary of the Party Committee of Guangdong Academy of Sciences, was greatly encouraged by the promulgation of the Regulations. Basic research is a shortcoming in Guangdong Province's scientific and technological innovation. To this end, the Regulation has dedicated a chapter on "Basic Research", emphasizing the use of "hard measures" to strengthen the "hard investment" in basic research and build the "hard power" of scientific and technological innovation. For example, Article 13 elevates the basic research investment policy of "the proportion of provincial financial science and technology special funds invested in basic research shall not be less than one-third" to a regulation. Technology finance is a characteristic of scientific and technological innovation in Guangdong Province. The Regulation has made institutional arrangements in building a system of science and technology innovation investment funds, managing state-owned venture capital institutions, expanding fund exit channels, providing technology credit support, intellectual property financing, technology insurance services, multi-level capital market support, and cross-border technology investment and financing. For example, Article 41 clearly establishes and improves performance evaluation, incentive constraints, and fault tolerance mechanisms for state-owned venture capital institutions, promoting them to increase their support for early-stage technology-based enterprises. Li Shulin, Deputy Director of the Finance Department of Guangdong Province, stated that the Regulation further strengthens the reform of "streamlining administration and delegating power" in the transformation of scientific and technological achievements in provincial-level research and development institutions and higher education institutions. The reform will expand from the transformation of scientific and technological achievements to state-owned equity formed by the valuation and investment of scientific and technological achievements, and implement separate management of scientific and technological achievements. If investment losses occur despite fulfilling the obligation of diligence and responsibility, it will no longer be required to report to the competent department for review. "Guangdong is the vanguard, pioneer and experimental area of reform and opening up. It has great potential in accelerating the construction of systems and mechanisms to support comprehensive innovation, and giving full play to the key role of scientific and technological innovation in developing new productivity and promoting Chinese path to modernization. The Regulation conforms to the new situation, implements new concepts, responds to new concerns, and proposes new measures, providing strong legal support for Guangdong's scientific and technological innovation work, and will help Guangdong make new and greater contributions to the construction of a strong country and national rejuvenation The main person in charge of Guangdong Provincial Department of Science and Technology stated. (New Society)