Zhangjiang serves as home to nearly 2,600 startups
Zhangjiang, known as the high-tech highland of Shanghai, is incubation home to nearly 2,600 startups and is helping to boost the city's credentials as a place that offers rich resources in talent and capital, Shanghai Daily learned today.
Some incubation bases offer various services such as public service platforms and patent protection for local and multinational firms in Zhangjiang, located in the Pudong New Area.
A total of 2,586 firms have chosen 86 incubation bases in Zhangjiang and they come from a wide range of industries like bio-medicine, integrated circuits and electronics. They are involved in developing technologies like artificial intelligence, advanced chip design and manufacture, data analysis, new-technology display and new materials.
International incubation bases have also been created in Zhangjiang, including Sino-German and Sino-Russia innovation centers, as well as a special incubation base IZJ (International Zhangjiang) that mainly targets overseas multinationals.
Partnering more than 20 multinationals and 200 investment groups, IZJ has incubated 41 projects with a total market value of 3 billion yuan (US$441 million).
IZJ is also cooperating with local government bureaus to offer one-stop intellectual property rights services for multinationals, such as patent application and protection, said Wu Jiaxiang, chairman of IZJ.
So far, more than 280 firms from Zhangjiang are listed on domestic and overseas stock markets.
In the second half, four or five innovative bio-medicine firms from Zhangjiang will probably list in the stock markets, said Lou Qi, general manager of the Shanghai Zhangjiang Biotech & Pharmaceutical Base Development Co.
SMIC showcases the technological evolution of wafers, which can be cut into chips used in smartphones and other electronic devices.
