World-class innovative ecological integration service established in Zhongguancun

Over the past year, Zhongguancun Development Group has striven to become a world-class innovative ecological integration service provider.

According to preliminary statistics, in 2019 it provided services for more than 11,000 start-up and innovative enterprises, with a total investment and financing amount of 62 billion yuan, and helped 415 high-grade, precision and advanced industrial projects and innovation incubation projects to locate in Beijing.

Its service income and investment income accounted for more than 25 percent of its total revenue, 10 percent more than in 2018.

Recently, the "Proposal on Promoting the Comprehensive Reform of Zhongguancun Development Group" was approved in principle by the Beijing Municipal People's Government.

Accordingly, Zhongguancun Development Group will accelerate its growth as a world-class innovative ecological integration service provider.

The group will transition from a developer to a full-cycle, one-stop and butler-type service provider, and improve its offerings in achievement transformation, innovation incubation, space services, industrial investment, financial services, and capital services by 2025.

A number of professional technology service platforms in the field of comprehensive information and health have been put into use.

For example, the Shuimu Zhonghui Medical Device Engineering Optimization Service Platform provides services in engineering optimization and consulting for medical device companies which are about to register and go public.

To reduce the cost of preclinical animal compatibility experiments for medical devices, Zhongguancun Medical Device Park and the enterprises in the park have decided to jointly build a medical device biocompatibility evaluation platform which is invested by the park and operated by the enterprises; and IC PARK-Keysight joint laboratory provides free test solutions such as high-speed digital buses for enterprises.

Zhongguancun Software Park has continuously upgraded and optimized IT services and provided multi-faceted IT services that integrate ISP, IDC, and cloud services to enterprises, governments, and service agencies.

It has also built an incubation service network including 11 incubators and 916 incubating companies and cooperated with 14 colleges and universities in discipline construction and entrepreneur and innovator education.

The IC-Park Industrial Service Platform, the first service platform focusing on the chip industry in Beijing, includes enterprise incubation, talent training, and investment, and provides life-cycle support for the implementation and growth of chip projects.

The IP Online platform has launched a total of 32,200 patents available for trading and more than 14,000 patent evaluation and analysis services.

In cooperation with Israel Yeda Technology Transfer Corporation, the Yeda China Innovation Center will be built in Beijing, with the aim of building an IP service system in line with international standards.

The group has invested in and acquired the Beijing Industrial Designing and Researching Institute, and built a high-level planning, design, industry research and consulting services platform; invested in and acquired Ruilin Environmental Protection, a New OTC Market listed company, and created a professional service platform for the environmental protection industry.

In addition it has built the Zhongguancun Tianhe Technology Transfer Center, prepared for the reorganization and establishment of the Zhongguancun Forum Service Company, and held the 2019 Zhongguancun Forum.

In order to build inclusive, open and shared innovative services, the group has successfully built the Zhongguancun e innovative service platform to provide multifunctional and integrated services for innovators and government agencies.

The platform is currently in the internal trial stage and will be officially released next spring.

In addition, the software park big data platform 2.0, Jingxi artificial intelligence industrial map database, and other big data projects have been launched.

With the approval of the National Development and Reform Commission, the group will issue 3 billion yuan of "venture capital investment bonds". It is estimated that 8,630 S&T guarantee, leasing and credit projects will be completed throughout the year, with financing of 46.09 billion yuan.

Nine specialized funds in the field of leading frontier biotechnology, advanced micro and nano materials, and integrated circuit design have been established. As of the end of June, there were 112 funds in the group's fund family, with a total scale of 120 billion yuan.

The Zhongguancun Innovation Fund of Funds will focus on the transformation of major scientific and technological achievements, incubation of high-grade, precision and advanced industries, cultivation of hidden champion and unicorn enterprises, and construction of science and technology service platforms and innovation platforms.

Meanwhile, it will help Zhongguancun enterprises to carry out overseas business, cross-border mergers and acquisitions, and overseas listings.

The total investment scale of the fund will reach 300 billion yuan. In addition, in June this year, at the "Meeting with Japanese Enterprises on Investing in the Beijing Financial Industry" event held in Tokyo, the "Zhongguancun International Innovation Fund" was established.

Innovative products such as "Innovation Guarantee" were successively launched. "Innovation Guarantee" is the first in the country to provide enterprises additional credit amount according to their independent intellectual property rights and new technologies, new products and new services.

"Entrepreneurship Guarantee" provides support for science & technology entrepreneurs, including college graduates, as a supplement to Beijing's policy guarantee for science & technology entrepreneurs.

"Rental Loan Guarantee" is to cooperate with the park to provide enterprises in the park with support in short-term rentals. The CDB Development Financial Guarantee is to provide listed companies in the park with low-cost medium- and long-term loans.

Co-sponsored by Zhongguancun Development Group and Israel's Infinity Group, the Zhongguancun Israel Innovation Center Innovation Powerhouse aims to promote the innovative development of China-Israel start-up teams and enterprises and deepen international cooperation in technology transfer.

It will accelerate the incubation of Israeli start-up teams and enterprises through local Israeli innovative resources and the Zhongguancun Global Innovation Network, and facilitate China-Israel enterprises to exploit each other's markets through the Smart Match Artificial Intelligence Big Data Platform.

The group has achieved new results in the establishment of overseas investment and financing channels. It is rated A by international organizations, ranks top among domestic enterprises and state-owned enterprises in Beijing, and is laying a solid foundation for issuance of overseas debt.