Joint enterprise park to foster innovation through support of government policies from both countries

The Shanghai Zhangjiang Boston Enterprise Park will increase cooperation in technologies, market expansion and capital operations between China and the United States.

The Shanghai Zhangjiang Boston Enterprise Park, which opened on Feb 26 in the Massachusetts capital, is expected to transform into a center of international innovation.

Established by the Administration Committee of Shanghai High-tech Industrial Parks and the US-China Partnership Committee (a US organization that promotes Sino-US technological innovation and the development of emerging industries), the park is convenient to get to and has supporting facilities for businesses.

As Shanghai, China's financial hub, transforms into a global science and technology center, the enterprise park in Boston is working to become a bridge of innovation through a series of Sino-US government policies, including financial assistance. It is also trying to attract talented professionals and entrepreneurs from both China and abroad.

Concentrating on China-US resources, the park is seen as a new model of technological innovation and cooperation between both countries. A China-US joint venture is responsible for the operation and management of the park.

Leaders from the Administration Committee of Shanghai High-tech Industrial Parks said the park will also be used to bring in professionals, technologies, enterprises and capital to Shanghai and increase cooperation in technological innovation, market expansion and capital operations between China and the US.

Innovative professionals as well as technological, business and capital resources from the US and China will create a wider and deeper China-US cooperation and help Chinese enterprises smoothly access the US market and the international market, they said.

The officials added that the park will also promote cooperation between manufacturing enterprises from the US and China and form a channel for US enterprises and technologies to enter the Chinese market.

The park will gather innovative resources from universities, enterprises, R&D institutes, incubators and service agencies to build seven major platforms and form an innovation cluster that integrates R&D, incubation, industry, services, trade and finance.

Seven platforms

The seven platforms include platforms for capital services and market connection; smart and new industries; international development and cooperation of enterprises; transforming and trading scientific and technological achievements; technology R&D and exchange; joint innovation in frontier fields; and for training and the exchange of creative talent.

The park, with its rich environmental resources, and its location in Boston, one of the top science and technology innovation centers of the United States, will strengthen cooperation with local institutions such as the New England Association of Schools and Colleges and enterprise alliances, research institutes and high-tech enterprises from both countries.

Six innovation centers will be built in the park, including a life sciences and biomedicine center, a medical treatment and health center, an artificial intelligence center, a semiconductor and integrated circuit center, a network information center, and a new energy and environmental protection center.

"In Boston, there are a lot of biomedicine institutes and innovative research and development results urgently needed in the Chinese market. Cooperation at the park can help break barriers," said Li Jiansheng, executive chairman of the US-China Partnership Committee, adding that he hoped the park can be developed into the highest-level platform of cooperation between China and the US.

After the opening of Shanghai Zhangjiang Boston Enterprise Park, a summit of global leadership will be held each year.

wanghongyi@chinadaily.com.cn