Shanghai Caohejing Innovation Carnival Launched

SHANGHAI, Oct. 27, 2016 /CNW/ -- Caohejing, a leading high-tech park in Shanghai, launched an international technology innovation carnival on October 26 with agreements signed with well-known partners.

According to the agreements, PricewaterhouseCoopers, DTZ and 3M will join hands with the Caohejing Technology Innovation Center to strengthen innovation cooperation, said the Shanghai Caohejing Hi-Tech Park Development Corporation.

The three partners, also the global leaders in respective industries, will provide guidance for the park in intellectual property patents, tax advice and innovation ecosystem establishment.

Present at the signing ceremony were Lingang Group Chairman Liu Jiaping, Li Yanrong, academician of the Chinese Academy of Engineering, Focus Media Founder Jiang Nanchun; Fosun Pharma Chairman Chen Qiyu, Zhou Wei, managing partner of KPCB, Zhu Xiaohu, managing director of the Jingshajiang Venture Capital, FarWest Entertainment Founder and CEO Jon Niermann and more than 300 companies from over 10 countries.

They also attended the opening ceremony of the annual entrepreneurship & innovation conference themed "future together with innovation and technology."

Gui Enliang, vice president of the Lingang Group, chairman and general manager of the Caohejing Hi-Tech Park Development Corporation, made the opening speech, saying that Caohejing is a pioneer and leader in driving the growth of China's entrepreneurship & innovations.

Over the past 32 years, he said, an innovation "tribe" has been formed thanks to the park's strenuous efforts. By leveraging the carnival, Caohejing is expected to be able to gather and introduce a variety of innovation resources, and take a solid step toward becoming an important home to the city's and even the nation's innovation centers.

Innovation Practice

With more than 30 years' development, the hi-tech park has become home of 81 Top 500 global companies, taking a critical mission to make Shanghai a global influential technology innovation center.

The carnival has launched overseas high-level technology talent fairs, seminars on international co-incubation and the Caohejing international incubation consortium in order to support the park's industrial transformation by cooperating with the world's top 500 companies.

The carnival organizer invited local startup and innovation companies to have direct dialogues with the world's top 500 enterprises on how to make innovations, how to create an innovation atmosphere and how to push forward innovations.

During the carnival, 3M China took the initiative to announce the establishment of China's first robot grinding design center in order to share its experience and advanced robot grinding technology with related partners. BMW, Johnson & Johnson, Tencent, Intel and other enterprises also presented their respective innovative experience and practice in artificial intelligence, biomedicine, robotics, big data and Internet of Things.

Innovation Creates Opportunities

The carnival was highlighted by the Innovation and Entrepreneurship Competition with over 400 candidates from China, Silicon Valley in the United States, Israel, Germany and South Korea. Of them, 53 were from overseas enterprises, 126 from universities and research institutes and 229 from makers' teams, covering popular artificial intelligence technologies, UAV technology, new materials, intelligent hardware, bio-medicine, mobile applications and other fields.

The competition aims to promote the exchange and cooperation between local innovation centers and their global counterparts.

It is also an effort for the global innovation ecosphere linkage. The competition is created to drive the industrialization of innovation results and the docking of innovation projects with the real productivity with an eye on the global industrial change.

With interactive online and offline activities, the carnival creates a fast channel for the world's outstanding projects to land in Shanghai. In the contest, 30 projects will be displayed and six will be selected for the final contest on October 27. Contest judges are all well-known experts from China's leading venture capital companies.

Carnival Presents Innovation Strength

Overseas innovative resources were introduced to help local enterprises to go abroad. During the carnival, Caohejing launched a technology oasis for Founders Space from the Silicon Valley of the United States, Hesse from Germany, Yu Shougen from South Korea, Fishburners from Australia, the International University Innovation Alliance and other well-known international incubators.

With regard to the contribution to a global technology & innovation center and technology innovation, the carnival has made full use of Shanghai's regional and policy advantages, trying to link its financial, policy and technology innovation and help capital, technology and human resources to go cross-border freely and efficiently.

From October 26 to 29, the carnival will fully showcase Caohejing's innovative and entrepreneurial atmosphere and environment to reflect its spirit in the encouragement of startup business and tolerance to failure. More than 50 parallel activities will be held to introduce technologies, fashion, music and food. It is expected to have 20,000 participants.

The interactive "Creative Market" will have 200 different forms of creative booths created by makers from China and other countries, showing a high-tech atmosphere and presenting a stage for young makers to unleash their personality and vitality. Participants will not only show their in-person cross-border innovation experience, but also share their achievements in creating productivity through innovation with counterparts.

SOURCE Shanghai Caohejing Hi-Tech Park Development Corp.

Ms. Wang, Tel: [phone]