Wuxi City exceeds 10,000 science and technology-based SMEs

WUXI,China,March 3,2023 -- On March 2,Wuxi Science and Technology Innovation Conference announced that in2022,the number of science and technology-based SMEs in Wuxi exceeded 10,000for the first time,reaching 10,651; the city's high-tech industry output valueaccounted for 50.4% of industrial output value,breaking the 50% watershed forthe first time.

Wuxi's science and technology-based SMEs and high-tech enterprises reached10,651 and 5,546,an increase of 2.87 times and 1.99 times respectivelycompared to data of 2019; the number of effective invention patents increasedfrom 29,000 to 45,000,three-quarters of which were born in enterprises; theproportion of output value of high-tech industry and strategic emergingindustry to industrial output value rose to 50.4% and 41.3%,up 4.8 and 13.2percentage points respectively from 2019.

More enterprises are speeding up the promotion of R&D institutions to expandtheir capacity and take up the role as the main force of innovation. 161 newenterprise R&D institutions above the provincial level were established in2022,a record high in previous years. Three enterprises,including ZKICME,FASTEN and NCAP China,were shortlisted for the provincial innovationconstruction pilot,and the number of shortlisted enterprises in Wuxi rankedfirst in Jiangsu Province.

Wuxi,located in the geometric center of the Yangtze River Delta,is takingadvantage of location to highlight its center role in the Taihu Lake Scienceand Innovation Community. On February 21,a delegation from Wuxi went to HongKong to set up the Wuxi (Hong Kong) Science and Technology Innovation Centerand sign 43 projects on talent,industry,innovation and finance.

"Wuxi will firmly promote enterprises to become the main body of innovationdecision-making,R&D investment,scientific research organization andtransformation of results,and empower the city of industry and commerce in thenew era with the power of science and innovation." Du Xiaogang,Secretary ofthe Wuxi Municipal Committee of the CPC,said that in the current and futureperiod,Wuxi will accelerate the cultivation of high-level innovativeenterprises,through the implementation of a new round of innovativemultiplication plan. By 2025,Wuxi will have 15,000 new science andtechnology-based SMEs,10,000 new high-tech enterprises,and 1,300 newprovincial-level or higher enterprises. It aims to build a first-classindustrial innovation highland with international influence.

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