Haidian Science Park to build on success

Area plans to protect IP rights, accelerate tech transfer and create a complete business chain

The Zhongguancun Haidian Science Park will strengthen its role as an incubator for world innovation by managing Zhongguancun innovation street with "global vision, international standards and Chinese characteristics", said the park's administrative committee officials.

The street, in Zhongguancun's western area, was once home to shops selling books and clothes. A 100-million-yuan ($16 million) transformation project has turned it into a hub for startups and entrepreneurs.