East China’s Jiangsu province strived to boost industrial growth via corporate innovation which surged 50% year on year in the first half of this year, ranking first in the country.
The fifth Jiangsu Science and Technology Entrepreneurship Competition is going on from one city to another across the province.
More than 500 enterprises and teams signed up for the competition, growing 30% from a year ago.
Among the participating enterprises is Nanjing Woffman Medical Technology Co., Ltd., a start-up enterprise engaged in the development of intravascular tomography system, which is the country’s first vascular optical coherence tomography technology approved by the State Food and Drug Administration in the capacity of innovative medical equipment. This technique can penetrate deep inside the coronary arteries, using optical means to show real-time images within the blood vessels, and provide accurate diagnosis of cardiac bypass surgery.
Nanjing Woffman is by no means the country’s pioneer in this field but has gained enough confidence from the approval from the authorities, paving the way for it to sign up for the competition.
Woffman has also benefited from the long-term friendship forged between Nanjing Pharmaceutical Valley, the industrial park where it is located, and the local Food and Drug Administration, which has helped Wulfman to gain access to the streamlined formalities in the course of the approval.
While all kinds of incubators have provided the breeding greenhouse for the growth of start-up enterprises, the provincial technology property rights trading market has served as the accelerator for the innovation-oriented development of small and medium-sized enterprises since its launch half a year ago.
Wuxi Hejia Instrument Co., Ltd, specialized in the design and manufacturing of self-control valve, has encountered technical bottlenecks in the development of new products.
Zhu Weiping, the company’s CEO, visited the technology property rights trading market to try his luck and was delighted at the arrangement for business matchmaking with Southeast University.
Technological matchmaking is being carried out across the province in full swing. The technology property rights trading market has published 190000 pieces of information on its online platform, which has grown into a data platform featuring full-chain and full connectivity to achieve precise release and matchmaking for 16,000 pieces of information between business requirements and scientific and technological achievements.
In the first half of this year, the province’s economic growth gathered momentum with the rate of corporation innovation exceeding 50% year on year, ranking first in the country. The number of corporate patent grants accounted for 72.9% of the provincial total. The province also registered 582 technological incubators for the incubation of more than 30000 startups, leading the country with the number of the international incubators, the areas of the incubators and the number of the enterprises under incubation.
