橫琴誌 | HENGQIN RECORD

Inno Valley HQ celebrates three years promoting startups

Hengqin New Area’s Inno Valley HQ has just celebrated its third anniversary.

Also known as the Macau-Hengqin Youth Entrepreneurship Valley, Inno Valley HQ is a demonstrative innovative industrial base and talent accumulation center for Macau and mainland Chinese youth – as well as foreigners with Macau One-Way Permits – who want to start their own ventures.

During the past three years it has achieved remarkable results in promoting cooperation between Guangdong, Hong Kong and Macau, promoting the integration of science and technology, accelerating the gathering of high-end talent, strengthening the cultivation of high-end industries and accumulating innovative and collaborative resources.

Encompassing office, commercial, service and residential facilities, the valley provides venture capital investment, business services and other top-grade resources plus advanced support facilities for youth to launch their ventures.

In addition to offering a free workplace for the first year, Inno Valley HQ provides a complete communications network, public services, convention and business centers, an exhibition hall and other facilities plus one-stop services combining personnel recruitment, industrial and commercial registration, taxation registration and banking.

It has also established a “support-tutor-fund” three-dimensional venture incubation platform to help businesses grow and endeavors to become a venture-start-up land for the “Internet+” idea in the Pearl River Delta.

Internet+ is an idea proposed by China’s Prime Minister Li Keqiang in 2015 and refers to the application of the internet and other information technology in conventional industries.

According to the Hengqin government, Inno Valley HQ has incubated 275 startups through June 2018, including 154 Hong Kong and Macau entrepreneurial teams. A total of 22 enterprises have obtained venture capital worth a combined 414 million yuan while 27 national high-tech enterprises have been cultivated. The incubating enterprises have applied for more than 80 scientific and technological projects, with a total of more than 10 million yuan in funding. Over 300 patents have been granted.

On 12 December 2017, Inno Valley HQ became the first State-level sci-tech enterprise incubator in Hengqin.

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