Yingze district in Taiyuan, capital of North China's Shanxi province, has improved its technological innovation and entrepreneurship incubation system over the past decade.
The district has seen high-tech enterprises grow, the number of scientific researchers expand and tech innovation capabilities improve over the past 10 years.
As one of the four special industrial bases approved by the Ministry of Science and Technology in 2012, the National Torch Program Yingze Featured Industrial Base now has six national and provincial innovation and entrepreneurship incubators which have incubated 287 companies, according to Wang Feiyue, director of the district's science and technology bureau.
Since last year, the district has advanced the construction of the second phase of Yingze Featured Industrial Base by introducing promising and leading enterprises specializing in information technology application innovation, intelligent equipment manufacturing, digital industry, modern logistics, biological base materials, modern medicine and health, and focusing on intelligent manufacturing.
In September 2020, a business incubator co-built by the district and Building Dream Start Technology Co based in Shenzhen was put into operation.
The incubator has become a vital venue for promoting the innovation and entrepreneurship among private enterprises, with many strong and promising enterprises in traditional and emerging industries operating in the area.
Wang said that the district will further promote the advantages of the incubator in cultivating tech companies, accelerating the commercialization of sci-tech achievements, and attracting talent, and give full play to its role in attracting investment and professionals as well as boosting intellectual property development.
In addition, Yingze district has implemented tech projects in the new technology, new materials, advanced equipment manufacturing, artificial intelligence, and big data sectors, and helped enterprises to improve their traditional processes via high technology, so as to upgrade local traditional industries.
As a result, more than 1,400 sci-tech small and medium-sized enterprises were recognized by the district over the past three years. The number of high-tech enterprises increased from 10 in 2017 to 145 in 2021, and more than 20 million yuan ($2.77 million) has been invested in 46 tech projects at the district level.