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Baidu fosters innovation environment in Yangquan

Updated: 2020-07-06

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An office in the Baidu (Yangquan) Innovation Center in Yangquan city [Photo/Yangquan Daily]

Another business called Yangquan New Infrastructure Information Technology Co on June 10 settled in the Baidu (Yangquan) Innovation Center in Yangquan city in North China's Shanxi province.

The head of the company said that among the main factors behind its relocation were the "quality services" being offered by the Baidu (Yangquan) Innovation Center and the local innovation atmosphere -- in remarks reflecting similar sentiments expressed by other companies attracted to the center. 

Since the launch of operations in 2017, the Baidu (Yangquan) Innovation Center has attracted over 100 startups, incubated 102 companies and driven industrial development in Yangquan.

Officials said it has done this by sharing the world's most advanced technologies and taking internet innovation as the focus through the platforms of Chinese internet giant Baidu Inc. 

Wang Jingying, head of the center, said that unlike other incubators, the center offered preferential services such as one-stop free registration, free office space rental and free staff recruitment in addition to local government subsidies, allowing startups to devote all their time and efforts to their businesses. 

"The center's free office space rental policy allowed our company to save annual rent of nearly 200,000 yuan ($28,580) while having in financial difficulties and to use it in business development," said Li Jiao, legal representative of the Yangquan branch of Anhui Baiyixuan Information Technology Co, which settled in the center in 2019. 

Officials said the Baidu (Yangquan) Innovation Center has also been promoting innovation and upgrading local industries.

Apart from the implementation of preferential policies to encourage innovation by enterprises, the center has also offered top-level technical resources in fields including cloud computing, big data, smart manufacturing and mobile development.

It has organized enterprises to participate in various innovation and entrepreneurship competitions to increase their reputation and promoted enterprises through Baidu Inc's channels to enable excellent teams and their enterprises get more support from other investors. 

Shanxi Jiangong Shenhua HVAC Equipment Co, a high-tech enterprise specializing in the production of energy-saving valves and gas boilers for heating and air conditioning, at one time needed cloud services to collect data and manage users. In response, the center's staff members provided door-to-door services to meet the company's needs. 

Officials said that by boosting innovation and entrepreneurship, the center has made important contributions to companies' revenue growth and contributions to local taxation.

By the end of May 2020, resident companies achieved total revenue of about 30 million yuan and paid taxes of about 600,000 yuan, employing more than 700 people.

"The center will focus on incubating startups and improving companies' competitiveness in artificial intelligence, big data, and cloud computing sectors -- as well as attracting more high-quality enterprises to develop and invest in Yangquan," said Wang Jingying.