Qingdao set to provide 'fertile soil' for growth of enterprises in innovation

Qingdao launches the "Fertile Soil Plan" for the cultivation and incubation of high-tech innovative enterprises. [Photo/WeChat account: opinionline]

Governments at all levels in Qingdao have introduced supportive policies and launched a three-year campaign to cultivate high-tech enterprises. It is expected that the total number of high-tech enterprises in the city will exceed 8,000, a year-on-year increase of 20 percent, this year.

Qingdao has also revised and improved the measures to support the listing of high-tech enterprises on the stock exchange. This year, three new high-tech companies in Qingdao were listed, bringing the total number to 44.

In addition, Qingdao has also put forward measures to help enterprises become a key body for organizing scientific research and play a leading role in the construction of a modern industrial system.

In the first three quarters of this year, the output value of high-tech industries in Qingdao accounted for 65.7 percent of the city's total, 14 percentage points higher than the provincial average.

In the first three quarters of this year, the output value of high-tech industries in Qingdao accounts for 65.7 percent of the city's total, 14 percentage points higher than the provincial average. [Photo/WeChat account: opinionline]