Make technology investment 'more quantity and quality'
2026-08-03
The improvement of investment efficiency in technological innovation is a systematic project related to the overall efficiency of the national innovation system. Only by making investment more precise, mechanisms more flexible, and ecosystems more inclusive, can technology investment be both quantitative and qualitative, and better transformed into a solid support for building a strong technological country.
Innovation competition, investment competition, and more importantly, efficiency competition. In recent years, China's overall R&D funding has been steadily increasing, with the total number of R&D personnel ranking first in the world. The "basic foundation" of technology investment is already solid enough. However, a large investment scale does not necessarily mean high investment efficiency. How to transform real money into tangible productivity is a practical problem facing technological innovation work.
To improve the efficiency of investment in technological innovation, we need to use our brains in terms of structure and usage. In practical work, problems such as wastage of research funding and inefficient and repetitive investment in technology still exist to varying degrees. Some places are keen on "sprinkling pepper noodles", with many scattered projects and scattered funds; Some scientific research projects prioritize project initiation over output, with funds spent but no results achieved; There are also some places that engage in "internal competition" and homogeneous development, with repeated investment but little output. The crux of these problems lies not in insufficient investment, but in poor use.
Let every penny be spent on the cutting edge, and put effort into precision. The direction of investment cannot be determined by intuition, but should be guided by national strategic needs and market demand. For example, basic research should be willing to invest in the long term, provide stable support, and enable researchers to sit on the cold bench; We should concentrate our efforts on tackling key core technologies and avoid fighting on our own; Achievement transformation requires being good at building bridges and breaking through bottlenecks. Different stages of innovation have different investment logics, and it is important to avoid using one set of methods to dominate the world. For example, in recent years, Chongqing has focused on areas such as chips and high-end sensors, established special research and development plans, and concentrated efforts to break through key technological bottlenecks, achieving good results and transforming limited investment into tangible output and market value.
The key to improving the efficiency of investment in scientific and technological innovation lies in reforming the management and evaluation mechanism of research funding. If the management of scientific research funds cannot be flexible and efficient, and project evaluations are still judged by the number of papers, the effectiveness of investment will inevitably be greatly reduced. To ensure that funding follows talent and revolves around innovation activities, and to give researchers greater decision-making power over technology routes, funding, and resource allocation, we must truly focus on innovation quality, contribution, and performance, and provide more support to truly talented individuals and teams, ensuring that money is spent wisely.
It is important to recognize that the improvement of investment efficiency in technological innovation also relies on a shift in thinking. Government departments should have less management thinking and more service awareness, transforming the constraints of rules and regulations into precise and efficient services; Enterprises should dare to be innovative "question setters" and "examiners", and use R&D investment to drive deep integration of technological innovation and industrial innovation; The whole society should have the patience to tolerate a decade of silence, so that long-term investment can overcome cycles and bear fruit.
The improvement of investment efficiency in technological innovation is a systematic project related to the overall efficiency of the national innovation system. This year marks the beginning of the 15th Five Year Plan, with only 9 years left to achieve the goal of building a technological powerhouse. Only by making investment more precise, mechanisms more flexible, and ecosystems more inclusive, can technology investment be both quantitative and qualitative, and better transformed into a solid support for building a strong technological country. (Looking into the New Era)
Edit:He ChenXi Responsible editor:Tang WanQi
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