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Series reports on Urumqi State High-tech Industrial Zone

( chinadaily.com.cn )

Updated: 2013-09-04

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Technology innovation drives transformation

Series reports on Urumqi State High-tech Industrial Zone

The Urumqi State High-tech Industrial Zone came up with development plans for a technology, industrial, commercial, and ecological demonstration area in the city of Urumqi, in 2011, focused on a large technology zone through an "Innovation dives development" approach that encourages enterprises to innovate. The High-tech zone has used 70 million yuan ($11.4 million) in governmental funds annually to support the developments of science and technology, talented personnel, and intellectual property rights. This year, it plans to add more than 50 million yuan to the fund for technology innovation in small-to-mid-sized enterprises, apart from tax reimbursements.

The High-tech zone will use all kinds of innovation and support funds to get enterprises to put an effort into the creation of products and it spent 53.67 million yuan, in 2011, into technology innovation, accounting for 1.83 percent of public expenditures, and 110 million yuan, in 2012, for 3.25 percent. It has 234 projects that have received 60.66 million yuan of innovation and support funds in all, and 445 that have received 235 million yuan in technology support funds from the central government, and the Xinjiang and Urumqi governments.

It has 66 high-tech enterprises, 21 of them new, accounting for 36 percent of Xinjiang's total and 62 percent of Urumqi's. In the first half of 2013, 19 more enterprises have applied for a space in the zone, accounting for 50 percent of Xinjiang’s total. After the High-tech zone combined with the Xinshi district it began developing scientific and technological enterprises using its four innovation platforms and put 18 million yuan into improving its business incubation center, in 2011, and spent 40 million yuan on a digital exhibition center, a "window of the High-tech zone", in 2012. It has also completed a Phase I project (37,000 square meters) of Xinjiang’s first business incubation center for biomedicines, attracting 54 enterprises. The center will eventually cover 110,000-sq-m space at a cost of 530 million yuan.

This year, the High-tech zone cooperated with Xinjiang's science and technology department to build an International Science and Technology Cooperation Innovation Park and industrial parks for biomedicines, electronic information, and culture, with their own business incubators, enterprise accelerators, and financial services. The High-tech zone wants to build an investment and financing system with government support for enterprises and the State-owned Xingjiang High-tech Industrial Zone Investment Guarantee Co spent 150 million yuan on shares of the Urumqi City Commercial Bank and provided guarantees of 447 million yuan on loans to enterprises, in 2011.

The High-tech zone also took part in a pilot share transfer system project and has signed an agreement on public listing with some enterprises in the zone, while founding the Xinjiang Equity Exchange Center with the Xinjiang finance office this year, which will increase financing for small and mid-sized scientific and technical enterprises.

In accordance with the Ministry of Science and Technology's Guide for Innovation Park Construction, the High-tech zone has a plan to build Northwest China’s first national innovation park and has got approval from the Ministry. The zone is also developing an innovative talented team and has submitted an application for national innovative talent training demonstration base status this year.