Soft­ware park beck­ons start-ups

China Daily (Canada) - - FRONT PAGE - By WANG YING in Shang­hai


In the next five years, the Shang­hai Pudong Soft­ware Park (SPSP) will pro­vide a min­i­mum of 300 mil­lion yuan ($48.4 mil­lion) to sup­port busi­ness start-ups, part of the city’s goal of build­ing a global tech­no­log­i­cal in­no­va­tion cen­ter.

Ac­cord­ing to an ac­tion plan re­leased last week, the Park will cre­ate a new devel­op­ment mode in mul­ti­ple di­men­sions.

The five-year ac­tion plan calls to build a unique space for start-ups, es­tab­lish a good en­vi­ron­ment for new busi­nesses, and de­velop new in­dus­try chains and val­ueadded chains for soft­ware and in­for­ma­tion ser­vices.

“Such goals are in line with the city’s am­bi­tion of build­ing a global tech­no­log­i­cal in­no­va­tion cen­ter,” said Zhang Su­long, gen­eral manager of Shang­hai Pudong Soft­ware Park Co Ltd.

The park aims to take a lead­ing role in sup­port­ing tech­no­log­i­cal in­no­va­tion and busi­ness start-ups across the na­tion, he added.

“It plans to nur­ture more than 10 na­tional or re­gional lead­ers in cre­ative tech­nolo­gies and form an en­ter­prise clus­ter of more than 1,000 com­pa­nies with a to­tal out­put value in ex­cess of 100 bil­lion yuan,” said Hu Ping, gen­eral manager of the SPSP Ven­ture Cap­i­tal Man­age­ment Co Ltd.

The park will also es­tab­lish over 50 funds to pro­mote its en­ter­prises and raise more than 10 bil­lion yuan, Hu added,

In or­der to re­al­ize th­ese goals, it will raise more than 30 mil­lion yuan in an­gel funds for start-ups cre­ated in the first year, and more than 200 mil­lion yuan in ven­ture cap­i­tal to aid en­ter­prises es­tab­lished in the next two to five years.

Of­fi­cially founded in March 2000, the SPSP is home to 600 in­for­ma­tion and com­mu­ni­ca­tion tech­nol­ogy (ICT) en­ter­prises, with more than 40,000 spe­cial­ist staff work­ing there.

“About 60 per­cent of the com­pa­nies here are smal­land medium-sized, and we are ded­i­cated to of­fer­ing a prime place for busi­ness starters to grow and de­velop,” said Zhang.

Zhang Jun, CEO and co­founder of Shang­hai PPDAI Fi­nan­cial In­for­ma­tion Ser­vice Co Ltd, said he had failed three times to start a busi­ness be­fore his team fi­nally set­tled in the park at the end of 2010.

“We used to be a small start-up com­pany with­out a proper of­fice space, and now we have just fin­ished the fourth round of fi­nanc­ing. We have made great progress and our story shows just how im­por­tant a good en­vi­ron­ment is for a start-up,” Zhang said.

Ray Tsang, who suc­cess­fully sold his com­pany IES Sys­tems Ltd to Marvell Semi­con­duc­tors in 2011, agreed.

“The park pro­vides a good busi­ness ecol­ogy for star­tups,” he said, adding that he is mulling set­ting up a new ven­ture there.

Born in Hong Kong and ed­u­cated in Canada and the United States, Tsang said he was im­pressed by the en­trepreneur­ship of Chi­nese peo­ple.

“All the suc­cess­ful sto­ries of Chi­nese-listed com­pa­nies have in­spired a grow­ing num­ber of peo­ple to cre­ate their own busi­nesses,” he said.

Apart from the start-ups, there are nearly 100 well­known soft­ware en­ter­prises in the park in­clud­ing Ger­many’s SAP, Citi­corp Soft­ware from the United States and TATA from In­dia, as well as do­mes­tic com­pa­nies like Aug­men­tum, and Hisoft.

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