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Chongqing Ranks 8th in Comprehensive Strength of Sci-Tech Innovation

By YAN DENG|Mar 01,2024

According to the 2023 Evaluation Report on Regional Sci-Tech Innovation of China, Chongqing ranked eighth in China and 1st in Western China in terms of comprehensive strength of sci-tech innovation last year. Chongqing ranked 36th in the "Nature Index 2023 Science Cities", marking its first entry into the global top 50 cities.

The Jiangbeizui CBD in Chongqing. (Photo provided to iChongqing)

Build on the cultivation of sci-tech innovation entities

How to make an industry prosper? As a strong magnet to high-end sci-tech resources, Jiangbei District in Chongqing has become the main front for developing innovative industrial clusters. It will become the "cradle" for fostering future industries and new productive forces.

Among them, high-tech, high-growth, and high-value enterprises represented by Ruanjiang Tuling AI are taking the lead in sci-tech innovation. As a local AI enterprise in Chongqing, Ruanjiang Tuling AI has been committed to the R&D of AI technology. It has developed AI application platforms such as AI algorithms, machine vision, and knowledge graph platforms, providing intelligent solutions and professional IT services for dozens of provincial and municipal governments and hundreds of enterprises. The success of Ruanjiang Tuling AI is just the epitome of Jiangbei District's success in cultivating sci-tech innovation entities.

In terms of scientific research investment, Jiangbei District has issued unprecedentedly favorable policies. It has clarified 14 key tasks in four sectors and detailed support in six aspects: capital investment, financial support, and resource allocation. It has also increased the number of high-tech enterprises and enhanced their strengths, thus consolidating the development foundation of high-tech industries.

Moreover, government officials continue to conduct enterprise visits. They visited 114 newly recognized high-tech enterprises at the beginning of the year, and they visited more enterprises throughout the year to solve their practical difficulties and smooth their development path.

According to statistics, 612 technology-based enterprises were recognized in Jiangbei District in 2023, totaling 2,431. It cultivated 69 high-tech enterprises, with a total number of 351, showing strong development momentum.

Establish an innovation ecosystem

Jiangbei District has transformed the sci-tech system, improved the innovation investment system, accelerated the transfer and transformation of sci-tech achievements, and introduced and cultivated high-end sci-tech talent. Thanks to the meticulous service and policy support of Jiangbei District, Chongqing Yuyin Financial Technology Co., Ltd. started business on December 28, 2023, setting a new model for fostering echelons of innovative enterprises and building "Digital Chongqing" in Jiangbei District.

Jiangbei District has deepened the pilot reform of intellectual value credit loans for technology-based enterprises and broadened enterprise financing channels. By virtue of this, 26 technology-based enterprises obtained intellectual value credit loans and commercial loans totaling 78.5 million yuan in 2023, alleviating the pressure on technology-based enterprises in cash flow and R&D funds.

Create a strong atmosphere of innovation and entrepreneurship

In 2023, Jiangbei District held a series of successful activities to create a good environment for innovation. For example, it organized various symposiums to interpret preferential policies for enterprises, invited industry-university-research institute cooperation promotion associations to conduct in-depth research in industrial parks, held innovation and entrepreneurship competitions, and issued implementation plans to strengthen science popularization in the new era.

By 2023, Jiangbei District had built 35 incubation carriers at all levels, with an innovation carrier area of more than 250,000 square meters. These carriers introduced and cultivated 233 enterprises this year, including 75 recognized technology-based enterprises and 23 high-tech enterprises. These achievements have further enriched the enterprise structure in the district and established a full-cycle cultivation chain from technology-based small and medium-sized enterprises to high-tech enterprises and then to listed enterprises.


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