At the end of March 2006, Suzhou Industrial Park held a theme meeting promoting technological innovation, marking the start of Technological Leap Growth Project. It has been five years and a new Silicon Valley is taking shape in the East. Before summarizing the achievements, it's necessary to review the reasons why SIP government planned the project in the first place. The 11th Five Year Plan started in 2006 and the fifth session of the sixteenth CPC Central Committee proposed a new topic of building an innovation-based country. At the national meeting on science and technology held in early 2006, ... [MORE]
     The agreement signed between China and Singapore on building the flagship project of Suzhou Industrial Park specifies clearly that the ultimate goal is to build a hi-tech industrial park with international competitiveness. To this end, SIP government has initiated a series of projects and Technological Leap Growth is one of them.The Project focuses on inputs, main bodies, talents, and results, and systems of innovation, incentive, and services. Centering on key sectors of IC designing, software outsourcing, animation, TV, and movie, bio-med, and nanotechnology, the regional innovation system includes... [MORE]
     In 2010, SIP government invested 800 million yuan in science and technology, accounting for 9.47% of total general budged spending and increasing by 10.7% over the previous year. The S&T funds totaling at 561 million yuan are mainly used on startups, key business promotion projects, businesses initiated by recognized leading talents, rent subsidies, the cost of building public technological platforms, proportional aids to projects launched by superior authorities, as well as subsidies on projects enjoying preferential policies. Since the opening of CAS IC designing platform in 2002, SIP has invested... [MORE]
     At the turning point, SIP realizes that the lack of land resources restricts its sustainable development and that people is the most important resource. As a result, local government increases its yearly HR input from 25 million yuan in 2007 to 50 million in 2008 and 2009, 100 million in 2010, and then to 200 million yuan in 2011.A large part of the money was used to optimize preferential policies for recruiting and retaining the urgently-needed talents, including the leading talents in technologies, with overseas education and working background, and those engaged in education and modern services. ... [MORE]
     Last year, SIP government decided on nano-tech as the strategic rising industry so as to drive the five rising sectors of optical new energy, bio-med, converged communications, environmental protection, software and creation. As a result, SIP once again picked up the fast lane of development. During the first nine months this year, a group of R&D facilities broke ground, including national base of nano-tech innovation and commercialization, SINANO phase two, Nanopolis Suzhou, and Suzhou Nano-Tech University Science Park. The number of nano-tech projects increased from 73 to 167, producing the total... [MORE]
     "Instead of growth and mature companies favored by PE and most investors, our guide venture capital targets at seed companies in SIP," explained Deputy Director Shen Xiaoming of SME Service Center. "By helping the startups with growth potentials, we're doing the things that the market is reluctant to do." In addition to the guide venture capital, SIP set up a 30-million-yuan risk compensation fund pool to cover the loan risks taken by financial institutions so as to channel more capital into technological innovation. Other measures include making venture investment, granting loan interest subsidy,... [MORE]
Suzhou Industrial Park Administrative Committee.2004 Copyright. All rights reserved