Antipodean academics look to China to establish R & D centers

As more educational and scientific institutions look to forge bonds with China, Shenzhen in Guangdong province is preparing to welcome the Monash Technology Transformation Institute.

The unique venture is thought to be one of the biggest commercialization agreements of its kind, whereby the Monash University, the Chinese government and commercial partners are dedicated to carrying out "research and development to bring targeted intellectual property to an investible stage".

Monash University's deputy vice-chancellor (enterprise) Ken Sloan, who is responsible for providing leadership and strategic support for the university's industry partnerships, says the deal announced recently will "increase the range, reach and commercialization potential" of the university's research.