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It's Happening....

8000 innovative start-ups established in Ningbo

Statistics from Ningbo Statistics Bureau show that the high-tech industry realized a total output value of 412.37 billion yuan for the first three quarters of this year, up by 5.4% over the same period of last year, 0.6 percentage point higher than that of the large-scale industry. By the end of September, there had been over 8000 innovative start-ups in Ningbo.

Specifically speaking, the output value of the high-tech industry in the three thirds of the districts or counties maintained growth, and Ninghai County, Yuyao County and Fenghua County ranked top three, with the growth rates of 17.5%, 13.5% and 12.3% respectively.

The high-tech enterprises are the main force of the high-tech industry. In the first eight months this year, the high-tech enterprises achieved a total industrial output value of 227.41 billion yuan and a new product output value fo 130.45 billion yuan, up by 7.1% and 9.3% respectively over the same period of last year. 18 high-tech enterprises are included in the "top 100 high-tech enterprises in Zhejiang Province", with the Yisheng Petrochemical and the Panorama Auto Parts ranking among the top ten.

Research & development and innovation are the source of power of the high-tech industry. Statistics show that in the first three quarters the high-tech enterprises in Ningbo invested over 10 million yuan for research and development, and such high-tech enterprises in the new materials field as Haiyue New Material, Nanoguangbo and Hugestar even doubled their R&D input. So far, 30 technological achievements of the city have gained the provincial technology awards.

The strategic emerging industry has bloomed, becoming another engine for economy besides the high-tech industry. In the first three quarters, the output value of the strategic emerging industry in Ningbo reached 173.75 billion yuan, with an added value of 34.74 billion yuan, up by 5.7% and 9.5% respectively. Among others, the new-generation information technology, new materials, energy conservation and high-end equipment manufacturing accounted for 80% of the output value and the added value, demonstrating a clustering advantage of the strategic emerging industry.

As Ningbo becomes the pilot city for "Made in China 2025", one of the first national demonstration areas for technological achievement transfer, and the national innovative and comprehensive pilot for insurance, it has attracted a series of state-level innovation and entrepreneurship contests, including the 5th China Innovation and Entrepreneurship Contest (Ningbo area) and the 1st China Innovation Challenge Contest (Ningbo area), which has helped to optimize the innovation and entrepreneurship environment of the city and promote the development of innovation and entrepreneurship.

The finance has accelerated the technological innovation. So far, the angel guiding funds have invested in 121 projects, attracting a direct social capital volume of 470 million yuan and an indirect social capital investment of 1.23 billion yuan, realizing the 12-time amplifying effect. In addition, the existing 14 technology credit risk pools have awarded a total credit of 67.6 million yuan for 37 start-up enterprises

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