I. Nature and purposes
The Torch Program is a guidance program for developing new/high tech industries in China. It was approved by the State Council and is implemented by the Ministry of Science and Technology. The purposes of the program are to implement the strategy "Promote the development of the country with science and education", carry out the general policy of reform and opening to the outside world, bring into full play the advantages and potential of China’s scientific and technological forces, take market for orientation, promote the commercialization of new/hi-tech achievements, industrialization of new/high tech good and internationalization of new/high tech industries.
II. Main contents
1. Create a Proper Environment for the Development of New/high tech Industries
Widely carry out advocating campaign for the Torch Program formulate complete sets of policies, laws and regulations for the development of new/high tech industries; create sound supporting environment and establish the managerial system and operational mechanism fit for the development of new/high tech industries; open up financing sources and build up risk investment mechanism ; open up domestic and overseas information channels and establish information networks; and formulate medium to long term plans and implementation plans conforming to realities.
2. Establish New/high tech Industrial Development Zones and Pioneering Service Centers.
The establishment and development of new/high tech industrial development zones are an important component of the Torch Program and an inevitable outcome of reform, opening to the outside world and the social development of the socialist market economy. The new/high tech industrial development zones are based on intensive intelligence and open environment and mainly dependent on China’s own scientific and technological and economic strength. They are concentrated zones established for purposes of transforming achievements of science and technology into practical productive force to the maximum extent through local optimization of soft and hard environments, orienting to both domestic and overseas markets and developing China’s new/high tech industries
The new/high tech industrial development zones have the following seven functions;
(1) Bases for the development of new/high technologies;
(2) Sources of new/high technologies and products for traditional industries;
(3) Windows opening to the outside world;
(4) Experimental zones for close combination of science and technology with economy, and promotion of transformation of achievements of science and technology and technical innovation;
(5) Demonstrative zones for close combination of science and technology with economy, and promotion of transformation of achievements of science and technology and technical innovation;
(6) New urban areas of socialist modern civilization;
(7) Schools for training and bringing up high technology industrialist.
The new high/new tech pioneering service centers are a new type of scientific and technological service agencies of public good type, established by consulting the successful experiences of foreign countries in the development of "hatcher" and considering the conditions of China, Their purposes are to depend on the related policies of the state and the necessary conditions provided by the governments at various levels to create locally optimized environments, bring up new stating points of economic growth for the development of new/high technologies ,promote commercialization of achievements of new /high technologies so as so "hatch" new/high tech enterprises, and provide comprehensive services for the establishment of new/hi-tech enterprises
The new/high tech pioneering service centers are an important link in transformation of new/high tech industries, a starting point between laboratories and enterprises, a school for bringing up scientific and technological industrialists, links connecting the development zones and institutions of higher education and large and medium enterprise, and an important component of the supporting service systems for the development of new/high tech industries
The projects of the Torch Program are an important component of the program, functioning as the starting point and basis of the program.
The projects of the Torch Program are high technology projects oriented to domestic and overseas markets, based on the key research programs of the state, localities and sectors, achievments of programs for the research and development of new/high technologies and other research achievements, aimed industries, selected and good economic benefits, Through the implementation of the program new/higt tech enterprises and enterprise groups will be brought up.
The key fields of development of the Torch Program include: new materials, biological engineering, electronics and information, opto mechano electronics integration, new energies, high energy, efficiency, energy saving and environmental protection.
4. Internationalization of New/high tech Industries
Enhancing international cooperation and promoting the internationalization of China’s new/high tech industries is one of the Torach Program’s major tasks. The approach to the internationalization is to establish wide cooperative relation with various countries and regions and enter into various forms of and technological, financial, enterprise and commercial sectors in foreign countries through governmental or non-governmental channels, on the basis of equality and mutual benefit, so as to help China’s new/high tech products enter international markets and promote the development to new/high tech industries towards internationalization.
Training and attracting talents are one of the key factors for the development of mew/high tech industries, and is the basic guarantee for the achievement of commercialization, industrialization and internationalization of new/high tech products, To foster a great number of talents of scientific and technological management and scientific and technological industries, who have mastery of technologies, are good at management, business handling, and innovation, and meet the challenge of market competition, is a key task of the Torch Program.