Science-based innovation in universities and diffusion through university-industry linkages are the keys to strengthening national innovation capability, especially for emerging markets. This chapter provides a critical overview of China’s innovation and technology transfer between the university and industry in the context of globalization and the new industrial revolution. By doing this, the chapter attempts to provide critical insights for relevant stakeholders—whether they be researchers, innovators, entrepreneurs, government officials, investors, or international organizations—in China’s development, innovation, and technology transfer. The chapter illustrates three aspects related to China’s innovation and technology transfer in comparison with other major players in the field. Then it further analyzes the drivers and challenges of China’s science-based innovation and university technology transfer for understanding the future of China’s innovation and technology transfer.
