“Enterprises nurturing” represents one of the “four beams” of Songshan Lake, namely, “source innovation, technology innovation, results transfer, enterprises nurturing”. Over the past year, Songshan Lake Science City has made pleasant progress in enterprises nurturing by implementation of multiple measures and full advancement.
Fresh breakthrough in the capital market – the listing of Uni-Trend on the sci-tech innovation board in January this year marked the zero breakthrough of company listed on the sci-tech innovation board. The capital market of Songshan Lake Science City has demonstrated expansion development momentum; in July this year, Songshan Lake Angel Fund has been officially filed by the Asset Management Association of China and will play a guiding role as fiscal fund, nurturing and incubating high-quality startup companies of Songshan Lake.
Optimizing development space for enterprises – Songshan Lake has allocated low-cost space with an area of 15,000 square meters. High-growing projects and high-tech enterprises renting for less than three years are entitled to a rent of less than 50%.
The unveiling ceremony of the capital market service Dongguan Base of Shanghai Stock Exchange was hosted in Songshan Lake on April 13
Launch of a basket of policies – a basket of policies were launched by Songshan Lake in July this year, providing tangible and solid support in multiple aspects such as enterprises listing, financing, technology innovation and results transfer.
By capitalizing on its advantage in industry cluster development in the past 20 years, Songshan Lake Science City is fully advancing in multiple fields such as capital, technology platform, development space and business environment dependent on scientific apparatus, new type of research institutes and leading enterprises. It is accelerating building a new pattern for high-quality development of enterprises, further improving its technology innovation system and steadily advancing to its goal of becoming a “cradle of emerging industrial with global influence”.
Picking up speed
Accelerating building a new pattern for high-quality development of enterprises
For Songshan Lake Science City, the quantity and quality of high-tech enterprises are important part of its “four beams and eight pillars”. Over the past year, Songshan Lake Science City is picking up speed to accelerate building a new pattern for high-quality development of enterprises.
Songshan Lake arranged an area of 15,000 square meters as Dongguan key park for business solicitation
Space expansion – enhancing space integration. Dongguan key park for business solicitation (low-cost space) was unveiled in July 2020. Songshan Lake has arranged an area of 15,000 square meters to serve as pilot of Dongguan key park for business solicitation (low-cost space). High-growing projects and high-tech enterprises are entitled to enjoy 50% discount off the rent for renting for less than three years.
Support of capital – capital represents the “wing” of enterprises’ innovative development. In January this year, with Uni-Trend going public on the sci-tech innovation board, the capital market of Songshan Lake Science City shows expansion development momentum.
Uni-Trend went public on the sci-tech innovation board in January this year
In April this year, the capital market service Dongguan Base of Shanghai Stock Exchange was unveiled in Songshan Lake, helping enterprises to better align with and integrate into the capital market, exploring new trajectory and accumulating fresh experience for enterprises to secure financing.
In July this year, Songshan Lake Angel Fund has been officially filed by the Asset Management Association of China. The total size reaches one billion yuan with the size of the first phase being 500 million yuan. The first batch of investment projects are all enterprises settled and incubated in Songshan Lake. These enterprises will complete important stages of R&D, mass production and commercialization in Songshan Lake.
In 2020, Songshan Lake built a headquarters base for listed companies. Songshan Lake ranks first both in the number of reserved enterprises applying to go public and in the number of enterprises tutored by Guangdong Securities Regulatory Bureau. According to statistics, Songshan Lake has helped over 200 enterprises in application to various special funds through industrial policies of the country, province, city and the industrial development zone, with over 300 million yuan of fund being approved.
Sharing platform of Dongguan research instrument and equipment was launched in November 2020
Platform building – enterprises in different development stages of startup, growth and transition have multiple demands in aspects such as human resources, resources and capital. Group development and coordinated advancement represent both the demand of enterprise development and the demand of Songshan Lake Hi-Tech Industrial Development Zone for its fundamental shift from “zone” to “city”.
In November 2020, the sharing platform of Dongguan research instrument and equipment was launched. Totally 3,338 sets of research instrument and equipment of 49 companies are open to use, covering 21 industries such as biomedicine, electronics and electrical, and mechanics. The platform includes a batch of high-grade, precision and advanced instrument such as transmission electron microscope, large-scale thermal vacuum test system, Magnetic Resonance Imaging (MRI) System and industrial CT.
In December 2020, Songshan Lake Entrepreneurs Union was established
In December 2020, Songshan Lake Entrepreneurs Union was established, which will encourage enterprises to exchange development experience and strengthen interconnection and flow of resources among enterprises; in March this year, Songshan Lake Entrepreneurs Union Youth Entrepreneurs Meeting was hosted, which encouraged young entrepreneurs to shoulder mission of high-quality development and provide valuable experience in driving development of new economy; also in March, the first division station of Songshan Lake Entrepreneurs Union was established in the CMIC industrial park.
Space expansion, capital support and platform building…Against the backdrop of faster convergence of technology innovation resources of Songshan Lake Science City, Songshan Lake is accelerating building a new pattern of high-quality development for enterprises and further improving innovation system of the science city.
Launch of policy “gift bag”
Building a cradle of emerging industries with global influence
Songshan Lake Science City is now making efforts in key industries such as new generation of information technology, high-end intelligent equipment, new materials and producer services industry to build a cradle of emerging industries with global influence.
Innovation chain and industry chain represent the “two wings” of the top-level design of Songshan Lake Science City, while a large batch of high-quality enterprises constitute a critical link in connecting the innovation and industry chains.
At present, in the field of information technology, Songshan Lake boasts Sinopatt Semiconductor, the largest PSS manufacturer in China and Shengyi Technology, China’s largest manufacturer of copper clad laminate, whose sale of memory storage accounts for 10% of the global; in the field of intelligent equipment, it is home to listed company Uni-Trend and Zhengye Technology, and Han’s Yueming, China’s first batch of laser equipment manufacturer…A large batch of leading technology enterprises in the industry are on a rapid rise in Songshan Lake, injecting substantial power for development of Songshan Lake Science City.
Songshan Lake pointed out that the industrial zone will improve industry chain dependent on innovation chain and optimize innovation chain based on industry chain. It will place emphasis on nurturing high-grade, precision and advanced industries, bringing into play the role of leading enterprises and accelerating convergence of a batch of core enterprises in the upstream and downstream to strengthen industry cluster by centering around lines of the whole-industry chain. Efforts are made to promote transformation and upgrading of industry structure of Songshan Lake and nurture high-growing enterprises by centering around strategic emerging industries to produce champions in the field of segments.
Recently, Dongguan and Songshan Lake has successively launched a basket of policies “gift bag” to accelerate nurturing of enterprises and drive high-quality development of enterprises.
In April this year, “Dongguan’s Several Measures on Advancing High-Quality Development of Strategic Emerging Industry Bases” was launched. The policies include encouraging development of the first set of major technology equipment in the industry with a maximum subsidy of 10 million yuan being granted according to ratio of equipment development and sales revenues; a maximum subsidy of 20 million yuan is granted to recognized high-level innovation research teams and leading talents in starting business; efforts are made to build a size of 50 billion yuan of strategic emerging industry fund system, etc.
On May 11, “Songshan Lake’s Implementation Measures on Promoting Development of Bioindustry” (hereinafter referred to as the “Measures”) was disclosed. According to the “Measures”, Songshan Lake will grant subsidies by means of subsidy, reward and supporting facilities in five aspects of projects introduction, R&D innovation, industrialization, public service platforms and promotion and exchanges. Among them, a single enterprise of bioindustry can enjoy a maximum subsidy of 21 million yuan each year in terms of clinical research of new medicine. In terms of public technology service platform, a single enterprise of bioindustry can enjoy a maximum subsidy of 21 million yuan each year.
In July this year, a basket of heavyweight policies were launched such as “Songshan Lake’s Implementation Measures on Encouraging Enterprises to Go Public”, “Songshan Lake’s Implementation Measures on Nurturing Enterprises”, “Songshan Lake’s Implementation Measures on Supporting Enterprises’ Development Through Financing”, “Songshan Lake’s Implementation Measures on Supporting Technology Research and Development” and “Songshan Lake’s Implementation Measures on Promoting Transfer and Transformation of Technology Results”, which provide tangible and solid support for enterprises in multiple aspects such as listing, financing, technology innovation and results transfer.
In terms of nurturing of technology enterprises, a maximum reward of 3 million yuan is extended to innovative enterprises. Incubators of technology enterprises are entitled to recognition reward and reward for excellence in operation with plan of nurturing technology type of entrepreneurs being implemented. In terms of encouraging enterprises to go public, a maximum subsidy of 17 million yuan is granted. A maximum reward of 26 million yuan is jointly granted by the city and the industrial park to introduce and nurture listed enterprises.
In terms of support for enterprises to achieve financing for development, a combination of policies are launched such as subsidy for financing secured loans, discounted interest for credit loans, subsidy for pledge loans for patent rights and subsidy for technology insurance. The maximum interest subsidy of the park stands at one million yuan and the highest interest subsidy of Dongguan city and the park totally reaches two million yuan, which supports problems of enterprises such as difficulty in financing and high cost of financing.
China Spallation Neutron Source
Inside the “ecological forest” of Songshan Lake Science City, China Spallation Neutron Source and a batch of scientific apparatus Dongguan is actively obtaining, new type of research institutes and leading enterprises such as Huawei are injecting strong momentum into development of Songshan Lake Science City. Many leading technology enterprises are dense trees growing in this ecological forest and constitute important components for the city to maintain strong vitality.
The launch of a basket of policies is like sunshine and dew, nourishing growth and thriving of the enterprises. With policies being put in place and functioning, growth space for enterprises will be further released. Songshan Lake Science City will steadily approaching its set goal of becoming a “cradle of emerging industries with global influence”.