East China’s Jiangsu Province has stepped up its efforts for the promotion of innovation-powered growth in the accelerated development of the national innovation demonstration zone in southern Jiangsu by complying with the instructions given by General Secretary Xi Jinping on the stimulation of innovation and entrepreneurship for the creation of the Innovation China action benchmark.
Nanjing PharmaBlock Co. Ltd, a global leader in providing innovative chemistry products and services throughout the pharmaceutical R&D process, got listed on the new third board last month.
With more than 30,000 kinds of molecular block library through independent research, the company has been able to provide different types of large toolbox for new drug research and development, greatly shortening the time spent on the development of new drugs and cutting the cost of operation.
Growing out of a ten-member innovative team into a techno giant, Nanjing PharmaBlock has witnessed explosive growth by relying on the incubation from the Nanjing Bio-Medicine Valley which serves as the national incubator, accelerator, biotechnology platform and public service platform via a nanny-style service system and leading hardware facilities to have attracted a large number of innovation and entrepreneurship talents for the making of a powerful biomedical R&D and incubation zone.
At present, the southern Jiangsu regions have launched 344 maker spaces and 393 corporate incubators of a wide variety with more than 20000 startups under incubation.
In the meantime, the Integrated Innovation Service Platform in the national innovation demonstration zone in southern Jiangsu has become an experimental plot of integrating resources and optimizing resources.
Earlier this year, an automobile lightweight technology industrialization project headed by Zhao Hua made it to secure the crucial loan from the one-stop service in Changshu, one of the key spots in the national innovation demonstration zone in southern Jiangsu. The loan was granted less than two months after the application was submitted and no collaterals were required for the distribution of the loan.
A three-in-one incubation service chain complete with pioneering incubation, innovation support and financing service has taken shape in southern Jiangsu.
The five prefectural cities in southern Jiangsu now register 7723 hi-tech firms, accounting for 71% of the provincial total. 183 gazelle-type enterprises with high growth and development prospects have posted 489 million Yuan of operating revenue on the average with a three-year compound growth rate of 32.3%. 856 enterprises have been listed on the new third board and other stock markets at home and abroad. 34 enterprises have been listed in the country’s top 500.
