Innovation 2020

One thing is sure: the Chinese government is not short of goals for 2020.

The latest large-scale project “Innovation 2020″ aims to convert basic research – which China is increasingly good at - into technology and markets. Emphasis will be placed on nuclear fusion and waste management, regenerative medicine as well as more “traditional” areas like material science or IT.

With all the talks about bottom-up, community-based or open innovation, China still trods the more conventional path of top-down government-sponsored innovation. One really looks forward to 2020 to see which strategy will bring the best results.