TECH Explore Zhongguancun: China's Silicon Valley

TECH

Explore Zhongguancun: China's Silicon Valley

CGTN

04:17, April 25, 2019

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(Photo: CGTN)

China Hi-tech Industry Incubation, one of the 27 hard technology incubation platforms supported by the Zhongguancun Management Committee in Beijing, is committed to integrating cross-domain industrial innovation resources, gather professional industry service organizations and provide online service to accelerate the incubation of hard technology companies.

Up to now, it has cultivated start-ups including Keyinno Tech, Ltkrehab, and Deno Gen. Its rapid development has benefited from the service and policy made by Zhongguancun since 2018.

Nurturing the hard technology incubator platform is the latest innovation and optimization measure introduced by Zhongguancun Science Park. By integrating professional technology and incubation service resources, Zhongguancun provides a full range of services for technology-based entrepreneurial projects and enterprises. It accelerates the transformation of scientific and technological achievements and promotes high-tech enterprises to transform locally in Zhongguancun Science Park, to serve and support the construction of Beijing's high-tech economic structure and high-quality development.

Zhongguancun, an "electronics street" in the 1980s, has now become Zhongguancun Science Park——the commanding heights and vanes of global technological innovation. In the historical process of China's innovation and development, Zhongguancun leads the way, colleges and universities take root, scientific research institutes are flourishing, and high-tech enterprises are developing and upgrading rapidly.

Over the years, Zhongguancun has taken advantage of talent, technology, and capital to build platforms and integrate resources for promoting the integration and interaction of colleges, technology enterprises, various talents, entrepreneurial incubators, and venture capital. It gradually formed the ecosystem that is conducive to innovation and entrepreneurship. 

Mechanism innovation and reform have greatly stimulated the vitality of entrepreneurial innovation in various market entities in Zhongguancun. According to the data provided by the Zhongguancun Management Committee, in 2018, Zhongguancun Science Park has owned more than 22 thousand high-tech enterprises such as Lenovo, Baidu, and Jingdong with total revenue of more than 5.8 trillion yuan (863 billion US dollars). Its technology revenues exceeded 1 trillion yuan for the first time in 2018, Dou Yanli, Joint Secretary of the Zhongguancun Advanced Technology Innovation Center, told CGTN Digital.

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