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Series reports on Urumqi State High-tech Industrial Zone

( chinadaily.com.cn )

Updated: 2013-09-04

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New Urumqi incubators to improve entrepreneurship

Series reports on Urumqi State High-tech Industrial Zone

The Urumqi State High-tech Industrial Zone has been working on an incubator science and technology service system since it combined the zone and its administrative divisions. The new zone plans to spend more on the incubator to improve the environment and mode for a new "incubate-grow-expand” mode of company development. The new zone has five enterprise incubators – the Entrepreneurship Service Center (Returning Overseas Chinese Pioneer Park), Xinjiang State Universities Science and Technology Park, Baihua Village Software Park, Central Asia Science and Technology Cooperation Park, and Xinjiang Bio-Chemistry Innovation and Pioneer Park.

All these places help startups with scientific R&D, testing, production, operations, office buildings, and related facilities. They also have an entrepreneurship tutoring system and e-commerce project for small-to-mid-sized companies and can help startups apply for project funding, investment and finance services, and agent services. These can really reduce costs and risks for science and technology startups and create an ideal environment, with excellent services, for a company to grow.

A renovation project for the State-level Science and Technology Enterprise Incubator (Returning Overseas Chinese Pioneer Park) was completed, in 2011, at a cost of 18 million yuan ($2.94 million) and the "High-tech Window" project in Pioneer Park, covering a 3,700-square–meter area and costing nearly 40 million yuan, opened to the public in July 2012, as a way to make the high-tech zone better known to the rest of the country and the world. Also, in 2012, the Entrepreneurship Service Center was approved for small-to-mid-sized enterprise services by the Xinjiang government.

The new zone put 530 billion yuan, in 2011, into the Xinjiang Biochemical Innovation and Pioneer Park, in the northern part of the zone, a large biochemical science and technology enterprise incubator that can promote the biochemical industry with a cluster effect. This incubator covers a 110,000-sq-m area and took more than two years to build. The 37,000-sq-m first phase is complete and is home to 54 enterprises, including 20 China-Singapore joint operations. The new zone has had support from the Science of Technology Ministry and will give priority to a regional industrial technology innovation site and biochemical incubators and accelerators. It will also encourage society to support the development of professional incubators to improve the city’s scientific and technological innovation ability.