New policy reforms connect academia, finance channels
The Shanghai Zhangjiang National Innovation Demonstration Zone, which has 310 Fortune Global 500 companies, is taking steps to promote innovation and entrepreneurship by developing more specific policies.
The administrative committee of the zone built a Zhangjiang-Boston industrial park together with the government of Massachusetts in the United States to enhance cooperation in human resources, technology, industrial incubation, intellectual property trade, investment, enterprises' service and market expansion in six industries including biological technology and intelligent manufacturing.
It also set up many research and incubation centers together with California and Silicon Valley. The number of scientific parks co-constructed with other Chinese provinces or cities reached 47 to boost the transfer and industrialization of scientific research among regions.
