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SIP expects greater achievements relying on innovation

SIP authority's foresight and persistent pursue for innovation over the past 24 years has led to the flourishing of local emerging and high-tech industries, which are expected to propel a more prosperous economic development in the area in future.

SIP's three pillar industries, including biomedicine, nanotech and AI, have maintained a high-speed growth, respectively with an annual output value of RMB 61.5 bn, 50 bn and 35 bn last year. Concurrently, a series of new and high technologies such as those for medical and financial services have seen great advancements, while the local talent pool has been expanding.

All of the achievements have laid a solid foundation for SIP to set up an ecosystem with upgraded industrial structure and improved government-enterprise and enterprise-enterprise collaboration mechanisms to facilitate more efficient investment utilization, business incubation and technology development.

"We strive to become a world-class high-tech park," said Ding Lixin, deputy director of SIP Administrative Committee.

Suzhou Daily
May 21, 2018

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