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Innovation and reform in Tsinghua Holdings
Innovation is not only a Tsinghua tradition, but is also rooted in Xu's mind.
There is a relationship between innovation and responsibility, to which Xu attaches great importance, saying, "There are obvious differences between doing business and being an entrepreneur, because entrepreneurs can create more value if they are given strong responsibilities." Therefore he has been devoting himself to those issues in his career in Tsinghua, emphasizing the significance of innovation's motivating function and its effect on individual people’s skills.
"I've been thinking about how can entrepreneurs and talents apply their abilities since I came to TH in 2012."
To realize his conception, Xu reformed management and set the members free to make decisions. "Actually, most of the achievements come from the efforts of our member enterprises, not me. My job is to support them, encourage them and make an overall plan," he said.
New circumstances and opportunities
In the interview with China Business News, Xu talked about innovation several times, "There's no doubt that innovative works in modern times all originate from universities.''
University-involved innovation has become a trend. For example, Silicon Valley often invites Stanford professors to work for them and entrepreneurs of Silicon Valley are also invited to speak at Stanford University. In fact, thanks to the Bayh-Dole Act in 1980, universities and research institutes throughout the US can be funded by the government for their technical patents, which significantly stimulates innovation.
This March, the State Council published an, and drafted anin May.
These new policies inspire researchers and ensure that universities can industrialize their scientific works and creations.
Recently Xu declared at the Tianjin Davos Forum that Tsinghua Holdings will carry out a "Star Aggregation" plan and a "Footstone" plan. The dream of a trillion-yuan-valued TH may come true in the near future.
