“High-growth enterprises cultivating project” launched

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Category: Ningbo Business

Published: Tuesday, 20 March 2012 13:19

The industrial transformation and upgrading conference held recently revealed that by 2015, Ningbo will cultivate 100 high-growth “gazelle enterprises” with good growth potential, strong competitive power, significant technological advantages, and strong independently innovative capacity and development potential. And more than 10 enterprises are to be listed in the market.
This initiative aims at accelerating the industrial transformation and upgrading of Ningbo by cultivating a range of enterprises with the potential of leading the industrial development. In principle, the enterprises involved should be in the strategic emerging industries of the “4+4+4” plan of the 12th Five-Year Plan period.
According to a related official from Ningbo Municipal Economy and Information Committee, the enterprises are qualified ones mainly from the eight major industries such as new material, new energy, new equipment, new information technology, energy conservation and environment protection, health, marine high-tech and creativity industry. They should also meet certain requirements for cultivation. For example, the enterprises should anticipate an annual increase of 40% of both sales revenue and profits and taxes in the following three years.
As the first year of the three-year plan, this year will see the selection of the first 100 high-growth enterprises. The increase of the sales revenue of these enterprises will be twice that of the average of the above-scale enterprises in Ningbo, with the new product output value being 5% higher than the average of the above-scale enterprises. The newly-added patents will exceed 150, and at least two enterprises will enter the channel of being listed in the stocks market.
The selected enterprises will be comprehensively assessed in terms of innovative capacity, management, products, market competitiveness and social benefits. Besides, they should be enterprises with proper management, good reputation and strong social responsibility, and without bad records of major accidents in the aspects of safety, environmental protection, health, labor, taxes, credit, quality and property rights within the recent two years.
The enterprises will undergo dynamic cultivation, that is, in the following two year, a number of enterprises will be eliminated from the list and other enterprises will be included to maintain the total number of about 100, to which some related departments will conduct tracking management, policy implementation, special support and major services.
It is learned that Ningbo is to set up special “high-growth plan” funds out of the special funds for strategic emerging enterprises. Policy resources and element resources from departments of all levels will be concentrated on the high-growth enterprises. In the meanwhile, such services as in market developing, investment and financing, enterprise listing and industrial docking will be strengthened to promote the rapid growth of the related enterprises