Chongqing Aims to Develop "Research Institute Economy" by 2027

Strategic Insights -

Chongqing, a city in southwestern China, has issued a plan to develop a "research institute economy" by 2027, with the goal of building more than 50 industrial research institutes, incubating and cultivating over 20 future industry enterprises annually, and providing more than 5,000 technical services in total. The development of this economy is expected to solve the dilemma of scientific and technological achievements "lying in papers" and open up the "last mile" from the "innovation chain to the industrial chain".

Key Takeaways:

  • The "research institute economy" will be developed through the establishment of a comprehensive and professional research institute matrix, which will connect the entire innovation chain of cutting-edge scientific and technological basic research, applied research, results transformation, and industrialization.
  • The matrix will be built by governments, state-owned platforms, universities, research institutes, enterprises, and professional institutions, and will have multiple functions such as technology research and development, results transformation, pilot verification, and more.
  • The city aims to build more than 50 industrial research institutes of various types and incubate and cultivate more than 20 future industry enterprises annually.
  • The development of the "research institute economy" will help to solve the dilemma of scientific and technological achievements "lying in papers" and open up the "last mile" from the "innovation chain to the industrial chain".
  • The city is also building a network of investment funds for the transformation of scientific and technological achievements, which will provide funding for early-stage investment, small-scale investment, and hard-core technology.
  • The city has established a comprehensive research institute matrix, including the Chongqing High-tech Industrial Research Institute Co., Ltd., which has launched a number of cutting-edge scientific and technological achievements through its incubated enterprises.

Statistics:

  • By 2027, Chongqing aims to build more than 50 industrial research institutes of various types.
  • The city aims to incubate and cultivate more than 20 future industry enterprises annually.
  • More than 5,000 technical services are expected to be provided in total.
  • The city aims to establish a network of investment funds for the transformation of scientific and technological achievements, which will provide funding for early-stage investment, small-scale investment, and hard-core technology.
  • The city has established a comprehensive research institute matrix, including the Chongqing High-tech Industrial Research Institute Co., Ltd.
  • The city has built a number of small and medium-sized enterprise eco-homes, including the Chongqing Western Food Valley Food Industrial Park, which has incubated companies that have achieved significant success.

Sources:

  • Chongqing Municipal Economic and Information Commission
  • Chongqing High-tech Industrial Research Institute Co., Ltd.
  • Chongqing Liangjiang New Area
  • Chongqing Industrial Investment Fund
  • Chongqing Yufu Holding Group
  • Chongqing High-tech Zone