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A GLOBAL INNOVATION HOTSPOT ’s open-door policies and diverse government initiatives have promoted THE SYNERGISTIC GROWTH OF SCIENTIFIC RESEARCH, EDUCATION AND ENGINEERING. This rapidly expanding innovation hub continues to attract ambitious projects, leading talent, and generous investment from around the world.

This summer, Johnson & innovators including Honeywell, the potential for innovation play to its technological and Johnson Innovation opened Novartis, AstraZeneca, and is enormous. We are really talent advantages to co-create another of its JLABS life Roche, which have all picked excited about the many and co-construct on innovation science incubators in the heart Shanghai as one of their top opportunities for collaboration and digitalization. of Zhangjiang Hi-Tech Park in three global headquarters. among our resident “This is the first time Shanghai, . It is the first Other government statistics companies, and externally that Siemens has signed a QUAECTEM in the Asia Pacific, and the confirm such diversity. As of July with the many other start-ups memorandum of scientific and QUO QUATEM largest in the world. 2019, there were 1,431 foreign across the city,” Chan said. technological cooperation with DOLUPISIT “Driven in part by the strong employees —118 classified as “Our JPALS network has Shanghai government.” says PLIST support from the Shanghai top talent and granted tier-A experienced significant growth Weiguo Wang, Senior Vice Municipal and New visas. By August 2019, 59 through these collaborative President of Siemens Ltd., Area Governments, we have foreign companies had become expansions and new initiatives, China and General Manager picked Shanghai to serve as affiliated with the Shanghai R&D and the impact on the global of Region East, “In the future, our regional hub for global Public Service Platform. innovation ecosystem is we will actively participate in innovation,” says Johnson undeniable,” added Melinda more cutting-edge science and & Johnson’s Sharon Chan, Incubating budding innovators Richter, Global Head of technology projects and build Head of JLABS @ Shanghai, With capacity to accommodate Johnson & Johnson Innovation the innovation ecosystem.” who explained that the city more than 50 life science – JLABS, highlighting the 250+ Things are looking bright for engineering, other notable medical equipment, and innovators of all shapes and latter also partnered with now boasts the highest and healthcare start-ups, the J&J mentors across 40+ J&J other incubator platforms. The examples include Shanghai Jiao Dow Chemical for a material sizes to transform great ideas Shanghai Zhangjiang Enterprise concentration of medical R&D JLABS @ Shanghai has engaged locations worldwide. Gateway Medical Innovation Tong University’s collaboration science project. into solutions,” says Chan. Innovation Management for an resources nationwide. international experts in science Johnson & Johnson is joined Center was launched in 2018 with Medtronic and ExxonMobil Given the lengthy and incubation programme. The 4,400-sqm JLABS and commercialisation, as by many firms attracted to and, in just a year, completed on the MedTech Innovation bumpy road to commercialize Transforming cities with In addition, Shentong Metro @ Shanghai is illustrative of well as almost 30 venture the innovation ecosystem of 144 tests for 80 clients. Accelerator, a project life sciences products, sharing advanced infrastructure Group (the operator of Shanghai the cascade effect fuelled by capitalists to hold weekly Shanghai. With the help of extensively subsidized for the resources and saving costs While the city embraces the Metro and ) foreign-funded R&D centres meetings with their early- Yangpu Government Accelerating growth with development and applications are just as essential for any latest technologies such as has been working with Siemens in the city. Facilitated by a stage company residents. Its in Shanghai, Siemens the academic community of polymer materials. Another research venture’s ultimate AI, robotics and cloud-based on large-scale infrastructure home-grown and international transparent business model Digitalization Experience Center Many projects have benefitted generous grant was given to survival. Shanghai’s many computing, it is also facilitated projects, which will have major network of institutions, experts focuses on scientific innovation, Process Industry Showroom, from Shanghai’s unique the joint programme between stimulatory measures with by the physical infrastructure significance for Shanghai. and businesses, the culture while companies retain their launched in August 2017, has concentration of research Dow Chemical and Fudan non-discriminatory clauses supporting its ambition. “Shanghai has also done of collaborative innovation is intellectual property and since hosted more than 1,000 universities and other University, whose research for both foreign and local The idea of the Internet a remarkable job to become rapidly shaping the future of entrepreneurial freedom. visitors from government, subsidized platforms on a global output includes an innovative enterprises, such as weighted of Vehicles, in particular, has the vital centre for advanced Shanghai and beyond. As of July Chan explained how her enterprises and academies. scale, as Wang, Chan and epoxy resin and curing agent pre-tax deduction of R&D attracted telecommunications technology leadership, and 2019, up to 450 significant R&D company’s China Lung Cancer In March 2019, STCSM Richter highlighted. Siemens, for for anti-corrosion coatings expenses, directly benefits and automotive giants to should continue to be a leader centres in the city are funded by Initiative, and the delivery of and Siemens signed a example, has already worked and electrical potting, all foreign-funded R&D centres. Shanghai, as China Mobile in emerging technologies,” foreign investment, according other healthcare solutions in memorandum of scientific and with 15 universities and their prepared from recycled “We hope that the Communications Corporation says Chan. n to Science and Technology the region, can be fast-tracked technological cooperation. In affiliates in Shanghai on 155 materials. Other examples of government will continue its and Nokia Bell Labs joined Commission of Shanghai with the opening of the JLABS future, STCSM will provide research programmes. foreign enterprises financially valuable support in developing forces with Shanghai- Municipality (STCSM). @ Shanghai. “China’s start-up various channels and platforms From information supported by STCSM include the city’s innovation based Pan Asia Technical Among them are multinational ecosystem is booming, and while Siemens will give full technology, biomedicine to General Electric for developing ecosystem and helping Automotive Center. The http://stcsm.sh.gov.cn/

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