After 40 years of hard work and innovative development Zhongguancun has been a symbol of China's reform and opening up since 1978.

How to break through the bottleneck of the transformation or marketization of scientific and technological achievements?

Many universities and research centers in Zhongguancun have found their own new models to overcome this problem. In this regard, the Beijing Institute of Technology has implemented an institutional innovation --- discipline-based companies.

In 2016, the Beijing Institute of Technology set up a Technology Transfer Center. As an internal institute, the center is responsible for the management of the whole university's transformation of scientific and technological achievements.

At the same time, it set up a wholly-owned company named BIT Technology Transfer Co LTD. The company operates with market rules and related assessment mechanisms. Only in this way can the transformation or marketization of science and technology achievements be quickly achieved.

The Technology Transfer Center has served 128 companies in Zhongguancun, and has rights to 1600 scientific and technological achievements.

Since 2010, the Beijing Institute of Technology has founded 15 discipline-based companies and has promoted more than 50 transformations of scientific achievements with a total value of 85 million yuan.

The Beijing Institute of Big Data Research, supported by university talents, is another example of market-oriented success. One of the first comprehensive big data research institutions in China, it follows the model of industry-college-institute cooperation.

The institute has already incubated a group of outstanding big data companies standing out in the market. With an improved the training system of undergraduate, master and doctoral education, it has created a training model for top-notch personnel in the big data technology industry.

Boya Big Data Academy and launched the Big Data Education Alliance are also among the most valuable assets of the R&D institute.