In­no­va­tion Lead­ing the Way

Beijing (English) - - EDITOR’S NOTE - By Deng Su­juan Edited by Roberta Raine) Trans­lated

Re­cently, there have been news re­ports about Beijing’s achieve­ments in be­com­ing the na­tion’s sci­en­tific and tech­no­log­i­cal in­no­va­tion cen­tre. Among these achieve­ments is the es­tab­lish­ment of the In­tel­lec­tual In­no­va­tions City Lab (IICL), co-spon­sored by the Cap­i­tal In­sti­tute of Science and Tech­nol­ogy De­vel­op­ment Strat­egy, MIT Con­nec­tion Science, and Dig­i­tal China. Ac­cord­ing to the 2017 Report on Chi­nese Cities’ Sci­en­tific and Tech­no­log­i­cal In­no­va­tion and De­vel­op­ment and the In­no­va­tion Map of Chi­nese Cities re­leased by the IICL, Beijing has taken the lead among China’s top ten cities for sci-tech in­no­va­tion and de­vel­op­ment. As for many first-tier in­di­ca­tors such as in­no­va­tive re­sources, ser­vices and re­sults, Beijing ranks among the best. For ex­am­ple, since 2011, more than 50 per­cent of Beijing’s tech­nol­ogy con­tracts have been un­der­taken out­side of the cap­i­tal, in over 330 cities. This tes­ti­fies to Beijing play­ing a vi­tal role in bol­ster­ing in­no­va­tion and de­vel­op­ment in other parts of China, and con­sol­i­dates its sta­tus as China’s sci­en­tific and tech­no­log­i­cal in­no­va­tion cen­tre.

Beijing, a fer­tile land for mass en­trepreneur­ship and in­no­va­tion, has im­ple­mented favourable poli­cies and sup­port­ive mea­sures. At the Beijing sec­tion of the 2017 Na­tional Mass En­trepreneur­ship and In­no­va­tion Week and Zhong­guan­cun In­no­va­tion and En­trepreneur­ship Sea­son which re­cently ended, more than 260 ex­hibitors dis­played over 300 kinds of prod­ucts, such as self-driv­ing cars, aug­mented-re­al­ity panoramic tele­vi­sion stu­dios, and smart walk­ing de­vices used in cor­ri­dors and pas­sage­ways. A project known as the “Shi Bai Qian Wan Project” caused par­tic­u­lar ex­cite­ment. In line with this project, led by the State-owned As­sets Su­per­vi­sion and Ad­min­is­tra­tion Com­mis­sion of the Peo­ple’s Gov­ern­ment of Beijing Mu­nic­i­pal­ity, ten ( shi) en­ter­prises, in­clud­ing State-owned en­ter­prises un­der Beijing Mu­nic­i­pal­ity and large pri­vate en­ter­prises, will be se­lected to drive for­ward the en­trepreneur­ship and in­no­va­tion work plans of small en­ter­prises. This project will help small en­ter­prises make greater achieve­ments, de­velop mar­kets and in­no­vate busi­ness mod­els; 100 ( bai) work sta­tions will be set up for youth en­trepreneur­ship and in­no­va­tion; 1,000 ( qian) en­tre­pre­neur­ial ad­vi­sors will be in­tro­duced and cul­ti­vated, and teams of ad­vi­sors will be set up; and 10,000 ( wan) in­no­va­tors will be trained to en­cour­age more peo­ple to en­gage in mass en­trepreneur­ship and in­no­va­tion in the cap­i­tal.

Mean­while, the mu­nic­i­pal­ity an­nounced its de­ci­sion to es­tab­lish the Beijing Sci­en­tific and Tech­no­log­i­cal In­no­va­tion Fund (BSTIF) to fur­ther in­no­vate the meth­ods for in­vest­ing funds in science and tech­nol­ogy, to co­or­di­nate in­no­va­tion, pro­duc­tion and cap­i­tal chains, and to spur de­vel­op­ment of Beijing as China’s sci­en­tific and tech­no­log­i­cal in­no­va­tion cen­tre. The found­ing of BSTIF will be an im­por­tant mea­sure for the mu­nic­i­pal­ity to in­tro­duce a mar­ket mech­a­nism and to al­low gov­ern­ment fund­ing to play a larger role. A pro­fes­sional mar­ket- ori­ented team will be in­tro­duced to make bet­ter use of cap­i­tal for sci-tech in­no­va­tions and en­hance ef­fi­ciency, thus boost­ing Beijing’s de­vel­op­ment in this as­pect. BSTIF will be a gov­ern­ment- dom­i­nated eq­uity in­vest­ment “fund of funds” (FOF).

BSTIF will fo­cus on in­vest­ment in the sci-tech in­no­va­tion field, work to­gether with ven­ture cap­i­tal in­vest­ment and other so­cial cap­i­tal, and pay great at­ten­tion to do­mes­tic and for­eign in­sti­tu­tions of higher learn­ing, sci­en­tific re­search in­sti­tutes, in­no­va­tive en­ter­prises and other sources of in­no­va­tion. It will guide in­vest­ment in the in­no­va­tion of high-end hard tech­nol­ogy, guide in­vest­ment in front-end pri­mary in­no­va­tions, and guide high-end sci-tech achieve­ments that con­form to Beijing’s po­si­tion as China’s cap­i­tal, to fos­ter high-grade, pre­ci­sion and ad­vanced in­dus­tries. BSTIF will al­lo­cate a to­tal of 20 bil­lion yuan. With its am­pli­fied FOF and sub-funds, BSTIF will run funds amount­ing to 100 bil­lion yuan. BSTIF will mainly in­vest in op­to­elec­tronic tech­nol­ogy, new-gen­er­a­tion in­for­ma­tion tech­nol­ogy, strate­gic new ma­te­ri­als, new en­ergy, bio­med­i­cine, brain-based cog­ni­tion and brain-in­spired in­tel­li­gence, quan­tum com­put­ing and com­mu­ni­ca­tion, big data, in­tel­li­gent man­u­fac­tur­ing, ar­ti­fi­cial in­tel­li­gence and other fields.

“In­no­va­tion” is a buzz­word in the cap­i­tal these days, with Bei­jingers de­voted to mass en­trepreneur­ship and in­no­va­tion. Shar­ing the view that in­no­va­tion boosts de­vel­op­ment and leads to a bet­ter fu­ture, they will make great con­tri­bu­tions to the cap­i­tal’s sci-tech in­no­va­tion and de­vel­op­ment. (

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