Lingang acts to attract global startups

An offshore incubator focusing on global startups was established in the Lingang Special Area on Tuesday.

Qu Lin, general manager of the Shanghai Lingang Science and Technology Innovation Center, said at the unveiling ceremony of the center that after the start of the offshore incubation base, it would focus on the development of “the highest level of the latest innovation and breakthroughs, and the freest economic system.”

Six offshore incubation projects, including Emojiwifi and SingPilot, have agreed to move into the area that is part of the Shanghai Free Trade Zone.

The center is expected to become the first choice for foreign innovation and research and development projects in the Yangtze River Delta, an important springboard for enterprises in the delta to go international, an important hub for cross-border technology trade and an provide support for university-industry research collaboration, according to Qu.

A Global Cross-border Technology Trade Center was also established in Lingang on Tuesday. The trade center integrates services in the fields of technology trade, R&D, talent and finance.

The center will establish an international technology trading market in Shanghai to build a cross-border technology trading system in line with international standards.

To support global R&D, the center will create a transnational cooperative R&D base, carry out technical R&D, support intellectual property applications and protection, and support joint research and sharing of intellectual property rights.