Recently, the office manage the national "863 "LED lighting project Plan, project research and development and Industrial Union of the Secretariat of the National Semiconductor Lighting organized a meeting to found a "LED lighting R&D Fund". Its aim is to help reduce the industry and technology level gap between Chinese and foreign enterprises. The primary task for it is to form a Interests Community through co-investment，thus to solve the key technical problems in the development of LED lighting, to upgrade products, to face with the international competition together.
After two years of deliberation, the "Co-investment, risk-sharing, benefit-sharing R&D Fund " mode is becoming more and more clear. On the meeting, they discussed about the rules and manage way of the "LED lighting R&D Fund", and all the representatives of the meeting found-member have subscribed theirs share of fund automatically. The first phase of investment to the "LED lighting Research&Development Fund" is 20 millions RMB. The setting of the fund is good for excellent corporations achieve business combination in Chinese LED lighting industry, they can share the risk and benefit together, take part in the international competitions together in emerging science and technology industry as well.
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