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Homegrown Innovation Helps China Shine
Homegrown Innovation Helps China Shine
UPDATED: July 26, 2010 NO. 30 JULY 29, 2010
Pilot Park for Innovation
Zhongguancun Science Park strives to become an innovation center for China and the world



Fresh minds

Talent is key to innovation. And a large percent of all innovations come from young minds.

In the past decade, Yang noted, the number of overseas-returned students starting their business in Z-Park has increased rapidly. Currently, there are more than 15,000 returned students working in the park, and the number of companies established by these people has exceeded 3,000.

Deng Zhonghan, one of those returned students, obtained his doctorate in electronic engineering and his master's degrees in economy and management, and physics from the University of California, Berkeley. Soon after he returned home in 1999, he established Vimicro Corp. in Z-Park. In 2005, the company won the National Science and Technology Advancement Award for the multimedia chip technologies it developed, and Deng was invited to join the Chinese Academy of Engineering (CAE) in 2009, as the academy's youngest member.

Wen Jianping, with his doctorate in engineering from the University of New South Wales, returned home in July 2001 and established Beijing Origin Water Technology Co. in Z-Park. The company now ranks first in China and third in the world in the field of applicable technologies of novel membrane filtration systems, and is the only Chinese company that can compete with international magnates in this field, such as General Electronics and Siemens.

Yang said in order to attract returning students to start business here, Z-Park has established six service systems: pioneer services, venture capital nurturing, resource sharing, financing promotion, career development and financial support. And after the State Council approved the national innovation model park in March 2009, Z-Park launched a project to attract and gather high-level overseas talents.

"Our primary goal is to attract more than 150 leading talents and venture investors to start businesses in Z-Park within the next two years," said Yang.

Z-Park will grant a 1 million-yuan ($147,490) lump sum bonus to every leading talent who starts a business in the park.

Innovation center

In March 2009, the State Council approved Z-Park as a technology innovation center that would eventually become a global innovation center. The Action Plan on Establishing Zhongguancun National Innovation Model Park (2010-12) has listed specific measures for fulfilling this goal.

Z-Park supports exports of products developed in the park with IPRs to expand into overseas markets, guide and encourage companies to make international trademark registration and defend their rights overseas, support and guide companies to make international certification, and explore overseas development service centers to set up service platforms for companies based in the park.

Yang said Z-Park supports international academic organizations and industrial organizations to carry out exchanges with businesses in the park and explore new opportunities for international cooperation. Z-Park welcomes various international industrial organizations to establish branches in the park and strives to explore exchanges and cooperation in depth with international renowned science parks.

"Due to accelerated economic globalization, we emphasize indigenous innovation, which means we want to obtain key technologies and IPRs in an open environment. Indigenous innovation does not reject technology introduction, nor does it reject international cooperation," Yang added.

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