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It's Happening....

Private capitals rushing to innovative projects

Yinzhou Hi-tech Information Incubation Park, funded by Yinzhou District Government, has been put into use recently, attracting a dozen high-tech enterprises for settlement, including Ningbo Houyi Technology, Hemei Bio-pharmaceutical Company, and Houseleek Technology. For start-up technology enterprises, the incubation park helps to solve their problems in capitals for production lines and office space. 
High technology and cultural innovation are the new potential points for urban economic development, as well as the springboard for high-end transformation of economy. According to Qian Chunfang, Director of Yinzhou District Development and Reform Bureau, it is important to make full use of the leveraging effect of government funds and to guide the private capitals to rush to such fields as high technology, cultural innovation and public services. 
Since its introduction about a year ago, Momi Innovation Works has established cooperation relationship with over 20 local enterprises in Yinzhou District. It has provided 10 technological services in such high-tech fields as automatic production line designing, industrial robots and Internet of things. It has also established two laboratories, introduced 35 high-end talents, and attracted the settlement of 26 enterprises in five industrial chains including Internet of vehicles and intelligent home. It is estimated that in 2014 the output value of the works will exceed 500 million yuan. 
With the fund and support from the government, the district has now more such innovative platforms as Momi Innovation Works to attract excellent private capitals. Since the beginning of 2014, the seven major innovative platforms funded by the district government are developing rapidly into the new space to attract enterprises evolved in cultural innovation, research and development and designing.

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