he ministry of science and technology will encourage and support private enterprises to participate in the country's major science and technology tasks, give full play to the characteristics of flexible mechanism and high market sensitivity of private enterprises, promote the transfer and transformation of achievements of universities and research institutes in private enterprises, and accelerate the formation of competitive products in the market, wang zhigang, minister of science and technology, said Sunday.

"Private economy is an important part of China's economic development, and encouraging and supporting the development of private science and technology enterprises has always been an important part of science and technology workers.The ministry of science and technology will speed up the construction of a technology innovation system featuring enterprises as the main body, market orientation and deep integration of industry, education and research, further optimize the innovation and entrepreneurship ecology and create a fair competition innovation environment and market environment for private enterprises, wang said at the 12th China industry-university-research cooperation and innovation conference on the same day.

At the same time, we will support private enterprises to increase their investment in science and technology, make full use of various policy tools, adopt early stage capital investment, late stage subsidies and other means to support technology research and development of private enterprises before competition, and encourage capable private enterprises to explore frontier no-man's land.We will improve the science and technology finance system, strengthen financial support for private science and technology enterprises in their innovation and entrepreneurship growth, and ease the financing difficulties and costs that high growth enterprises may face.

In addition, the ministry of science and technology will strengthen the training of innovative talents in private enterprises, smooth the flow of talents from universities and research institutes to private high-tech enterprises, so that outstanding scientific and technological talents can stay in private enterprises.We will study policies and measures to support the training of technical personnel in small and medium-sized scientific and technological enterprises, encourage more scientific and technological personnel to start businesses in the market with their scientific and technological achievements, and foster more new technology clusters and industrial growth points.