2nd China University Scientific and Technological Achievements Fair concludes in Huizhou

The second China University Scientific and Technological Achievements Fair resulted in a total of 4.06 billion yuan ($631.8 million) worth of contracts being signed. The fair concluded on May 27 in Huizhou, Guangdong province.

Huizhou-based firms set their sights on 501 items with innovative potential and a total value of 2.58 billion yuan.

The fair is the largest event in China to promote exchanges between the academic and corporate sectors to achieve better commercial use of research findings.

During the four-day event, about 730 technological innovation agreements were signed by 626 enterprises, with nearly 3,000 companies participating in the fair.

The second China University Scientific and Technological Achievements Fair kicks off on May 24 in Huizhou, Guangdong province. [Photo/Ministry of Education, Science and Technology Department Center]

About 10,000 items were presented by 350 foreign and domestic universities, in fields such as smart equipment, microelectronics, big data and communications, marine science, precision medicine, new energy, and artificial intelligence.

According to the fair's organizer, about 2,500 innovative tech items potentially in demand by the corporate sector were submitted before the fair kicked off.   

The fair also saw two major investments, worth 35 billion yuan, in the platform for the commercialization of scientific and technological innovations.

"Huizhou will continue to open to global innovation resources and make innovation a strong driver of high-quality development, and will also work toward becoming a leader in the commercialization of research findings in the Guangdong-Hong Kong-Macao Greater Bay Area," said Chen Yiwei, Party secretary of Huizhou.

The Huizhou government signed strategic cooperation framework agreements with five participants, including the Institute of Modern Physics (Chinese Academy of Sciences) and the Guangzhou Institute of Energy Conservation (Chinese Academy of Sciences), vowing to collaborate on the construction of a modern physics and clean energy laboratory.