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Lin-gang a hothouse for incubating success, pioneering tech
A news report from chinadaily.com.cn:
Special area in Shanghai taking innovative approaches to develop industries, attract talent
In late June, China’s first independent car design company IAT Auto signed an investment framework agreement with Lin-gang Special Area to conduct its automotive research and development, manufacturing and export operations.
Xuan Qiwu, chairman of IAT Auto, which has worked with over 80 industry leaders including Honda, SAIC Motor and Li Auto for the past 17 years, said there were major reasons the company was setting up in the special area section of the China (Shanghai) Pilot Free Trade Zone.
Apart from an extensive transportation network linking Lin-gang to the rest of the country and the world, various opening-up policies introduced to improve global competitiveness were good incentives for the company to expand its footprint there, he said.
IAT’s new facility will be located in Lin-gang’s Yangshan Free Trade Zone.
The bonded zone has already attracted a large number of well-established overseas carmakers such as BMW and Fiat Chrysler Automobiles to build design hubs, and international centralized procurement and distribution centers for auto parts. Establishing itself in the zone is expected to accelerate IAT’s internationalization, as Chinese automotive companies become more outward looking, Xuan said.
Apart from overseas companies, Lin-gang is also home to a large number of domestic companies in the auto industry chain. The possibility of working with more companies is another major reason IAT was attracted to the area, Xuan said.
In 2023, more than 1.1 million intelligent connected cars were churned out in Lin-gang, with the industry’s annual output exceeding 300 billion yuan ($41.9 billion), which is 10 times the size in 2019.
Big players, big benefits
US electric vehicle maker Tesla can take a big part of the credit for progress made by the industry in Lin-gang. By launching a gigafactory in Lin-gang in 2018, Tesla helped build a full industry chain for intelligent connected car manufacturing in the special area.
More than 180 companies have been providing auto parts or services to Tesla’s gigafactory. Of those, 105 are based in 24 cities in the wider Yangtze River Delta region. Tesla’s 40 gigawatt-hour energy storage project, also located in Lin-gang, is scheduled to be operational by the end of this year.
With a whopping 50 billion yuan in investment, Tesla’s gigafactory is the largest foreign-invested manufacturing project in Shanghai.
More significantly, the massive project involved large and complicated construction work, which in the past usually resulted in a lengthy process to complete administrative approval.
However, Lin-gang allowed Tesla to start construction first and submit the documents later, as long as all the approval procedures were ultimately met. This allowed Tesla to start construction of the facility, put it into use as soon as possible, and churn out the inaugural vehicle in the first year of the factory’s operation.
Wu Xiaohua, deputy-secretary of the Party working committee of the Lin-gang Special Area, said the seemingly miraculous speed at which Tesla achieved this feat reflected Lin-gang’s dedication to improving the business environment. This also gave the market a glimpse of China’s resolve, and the actions taken to expand the country’s opening-up.
Tesla’s vice-president Tao Lin said the multiple institutional innovations introduced in Lin-gang were another major reason Tesla’s operations were galloping ahead there.
“The institutional advantages not only help companies land new projects rapidly, but provide nonstop vitality for the companies’ operations, which is as important,” she said.
Over the past five years, Lin-gang has realized 138 institutional innovative cases covering free trade, investment, cross-border finance and high-end shipping. Just as importantly, 70 of these cases were the first of their kind in China.
Boeing Shanghai Aviation Services’ modification and maintenance businesses in Lin-gang is one of the latest, and best, examples of institutional innovation.
On June 20, the project set a record for Shanghai by completing the process of signing land contracts, gaining construction permits and starting operations within five hours.
To make that possible, Boeing Shanghai took advantage of 13 policies relating to engineering construction projects from Lin-gang’s latest review and reform measures.
The presence of the industry giant will help Lin-gang expand the civil aviation industry, one of four frontier industries targeted in its development along with integrated circuits, artificial intelligence and biomedicine.
Path of exploration
As a special economic zone, Lin-gang should undertake more experiments in institutional arrangements, improve weak links and explore new development paths, municipal government officials said at an executive meeting in late July.
It should also take on more special functions and further improve institutional mechanisms to attain these goals, they added.
Chen Jinshan, director of the Lin-gang Special Area Administration, said the zone will seek more institutional innovations by aligning itself with high-standard international economic and trade rules. Chen cited as examples the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and the Digital Economy Partnership Agreement.
Lin-gang will also conduct more “stress tests” — experiments to test how far the reform can go by including possible challenges and difficulties — on cross-border data, cross-border finance, value-added telecommunications and high-level shipping, he said.
One stress test has already been conducted this year on cross-border data flow in the connected cars, mutual funds and biomedicine sectors, and released in May.
Companies registered in Lin-gang, or other areas of the Shanghai FTZ, can apply for general data cross-border flow services in 11 scenarios specified on a list. However, the data transfer activities must be conducted within Lin-gang.
US carmaker Ford has benefited from the new list, which is the first of its kind in China. Wu Ji, head of information security and data compliance at Ford China, said if one of its cars sold in China needs maintenance, the company needs to transfer the vehicles’ information back to its global headquarters to get technical support.
The new list classifies global aftersales services under the cross-border data flow scenario. This means Ford can now provide these services more conveniently, Wu said.
Shen Yi, a professor of international politics at Fudan University, said the list was “down-to-earth and elastic”, and stressed its importance to stimulating economic growth. “Cross-border data flows are now a prerequisite for industry development,” he said.
“But the compliance cost for such activities cannot be overwhelming for companies. The new list, which is quite exceptional from a global perspective, has provided a list, with limits, that will meet economic development needs because it is based on real business scenarios,” he said.
It is also important that Lin-gang was chosen as the location for such an experiment, Shen said.
“Risks cannot be completely avoided while seeking economic development,” he said. “The solution is not to eliminate risks, which is impossible, but to strike a balance between development and security, and control risks within a tolerable range.”
When it comes to cross-border data flow, no institution, regulatory body or company can come up with a ready-made solution. Also, technologies and application scenarios evolve and upgrade rapidly, Shen added.
The list rolled out in Lin-gang is a realistic solution, he said. “It is through experiments, and maybe mistakes, that progress can be made,” Shen said.
A second list covering insurance and shipping will be released in August, said Chen from the Lin-gang Special Area Administration.
Population growth
The expansion of industries and new businesses, coupled with economic dynamism, has propelled Lin-gang’s population from 440,000 in 2019 — when it was upgraded to become part of the Shanghai FTZ — to over 600,000 today.
The government’s efforts to attract fresh talent to the area have also played a big role.
Over the past five years, Lin-gang has issued 1,110 work permits for expatriates and approved permanent residency for another 79 foreigners. Overseas returnees have set up 270 companies in the special area.
From July 12, Lin-gang took the initiative of issuing China’s first e-visas. With the entire application process completed online, a digital visa can be issued within three days.
An e-visa is valid for a single entry, with an entry validity of 15 days and a period of stay not exceeding 30 days.
Yang Wu, deputy director of the human resources department of Lin-gang Special Area Administration, said such measures can help overseas professionals set up businesses and conduct trade.
Ye Wei, head of the port visa office at the Exit-Entry Administration Bureau of Shanghai Public Security Bureau, said they had worked with the Lin-gang administration to keep records for 1,300 companies to help with their future needs. Similar initiatives are expected to eventually be implemented outside Lin-gang, he added.
Over the past five years, Lin-gang has attracted more than 97,000 professionals. Over 27,000 new talents have settled in Lin-gang in the first seven months of this year, a 41 percent year-on-year increase.
A total of 1,132 companies have registered for the online job market launched by Lin-gang administration in early 2023, which has detailed over 8,000 job opportunities and received 146,200 resumes.
Credit, where credit’s due
To help technology startups stabilize their core research and development and further boost innovation, Lin-gang introduced a new type of loan early last year.
Tech companies can use the loan for stock ownership and equity incentives. Companies from the integrated circuits, artificial intelligence, biomedicine, electronic information, life science, high-end equipment and advanced materials sectors can apply for the loans as long as they have at least one technological achievement already acknowledged by the government.
By the end of June, 16 Lin-gang-based companies had applied for the new loans, and eight had already received them. In September 2023, the pilot program was extended to Zhangjiang, another part of Shanghai with a cluster of pharmaceutical companies.
More practical measures are also being introduced in Lin-gang to retain and attract talent. Over 2,200 people from 200 companies have been approved for home subsidies totaling 50 million yuan, to settle in Lin-gang. Another 2.5 million yuan in rental subsidies has also been granted to nearly 300 people.
Meanwhile, construction of Dishuihu School, a public school covering 12 grades, started in March. It will receive its first primary and middle school students in 2025. With a total investment of 2.34 billion yuan, the school will support the families of workers and offer courses in subjects such as AI and IC to cater to Lin-gang’s development needs.
During a visit to the area in late July, Shanghai’s Party secretary Chen Jining compared Lin-gang to a vigorous and adventurous “little tiger”, and said it should strive to complete the reform and pioneering tasks assigned to it by the government.
The special area has the potential to grow into a vibrant growth engine for Shanghai by attaching greater importance to soliciting new businesses and investment, introducing fresh talents, nurturing new industries and consolidating its existing advantages, he said.
“By aligning with China’s major development strategies, Lin-gang should initiate more reform and lead further opening-up. More new quality productive forces and world-class industrial clusters should be nurtured here by giving full play to its advantages in institutional innovation and continued opening-up,” Chen added.
SOURCE chinadaily.com.cn
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![[2024-pujiang-innovation-forum]-highlights-of-westart2024](https://roboticulized.com/wp-content/uploads/2024/09/153231-2024-pujiang-innovation-forum-highlights-of-westart2024.jpg)
As an integral part of the 17th Pujiang Innovation Forum, WeStart2024 was held at Dongjiao State Guest Hotel and Zhangjiang Science Hall, Shanghai from September 7 to 10. Under the theme of “Refactoring & Renewal”, this year’s conference focused on sci-tech entrepreneurship and investment, aiming to create a global entrepreneurship investment platform that bridges projects with capital. This platform leverages capital to bolster sci-tech innovation and economic transformation. The four-day event boasted two main forums, one symposium, 13 roadshow marathons, and multiple industry sharing sessions. Renowned investment agencies like CICC, Zero2IPO, and Shenzhen Capital Group were invited to delve into the innovative investment landscape, exploring avenues for global collaboration, building a new paradigm of entrepreneurship investment, and stimulating new drivers to sci-tech innovation.
Let’s review the highlights.
Shanghai has been fortifying its position as a global sci-tech innovation center by intensifying element concentration, enhancing functions and services, and cultivating a comprehensive sci-tech ecosystem. This has turned Shanghai into a heaven for entrepreneurship and a magnet for investment. WeStart2024 brought together government bodies, experts, scholars, venture firms at home and abroad, sci-tech businesses, and nearly 1,000 audience professionals to discuss entrepreneurship investment and create an ecosystem for sci-tech innovation together through diverse sci-tech innovation stakeholders, transforming this ecosystem from a strategic blueprint into reality.
On September 8, WeStart2024 kicked off with main forums, featuring 13 keynote speeches and two roundtable dialogues. Key sci-tech finance terms such as “patient capital”, “fundraising, investment, management and exit”, “investment in early-stage, small, long-term and hard technologies”, “angel investment”, and “high-quality development of the capital market” were frequently mentioned, becoming the focal point of discussions and highlighting the future development of sci-tech finance. The roundtable dialogues unveiled the latest sci-tech investment opportunities and delved into trends, current statuses, and strategies of sci-tech entrepreneurship investment amidst new situations and transformative environments.
The exhibition hall housed a Start-ups Exhibition Zone, showcasing nearly 20 TOP100 roadshow projects and products and the investment ecosystems and achievements of three to five leading venture firms through the linkage of the Entrepreneur Joint Exhibition Zone, the Investment Institution Zone, and the One-to-One Negotiation Zone. There were boards briefing on typical sci-tech businesses in the fields of biomedicine and AI. Social scenes for entrepreneurship investment were also offered to facilitate direct communication between projects and investors.
WeStartTOP100, a new addition to the Startup in Shanghai International Innovation and Entrepreneurship Competition, was launched in June. It selected 100 projects from over 2,000 global entries for on-site roadshows during the conference. The four-day event featured 13 marathon project roadshows with over 100 projects, focusing on six key areas: three in hard tech—biomedicine, artificial intelligence, and advanced manufacturing—and three in future industries—future information, future materials, and future energy.
A special roadshow for universities was also held, where Shanghai-based universities, including Shanghai Jiao Tong University, ShanghaiTech University, University of Shanghai for Science and Technology, Shanghai University of Engineering Science, Shanghai Ocean University, East China Normal University, Shanghai University, and Shanghai Polytechnic University, displayed high-quality research projects. Focusing on exchanges and investment and financing matchmaking in cutting-edge interdisciplinary areas and core technologies in key fields, this roadshow further propelled the commercialization of S&T outcomes in universities. The special roadshow for Hong Kong University of Science and Technology introduced top-notch innovative projects from Hong Kong universities to Shanghai, fostering a new chapter for sci-tech cooperation between the two cities.
In particular, the conference prioritized global vision and international cooperation. During the international roadshow, high-quality projects from countries and regions like France, Germany, Hungary, Zimbabwe, and Morocco, as well as Hong Kong (China), were selected to compete. This facilitated interaction between domestic and foreign entrepreneurship investment resources and explored new paths for global collaboration. A 365-day “never-ending” global entrepreneurship investment cooperation and matchmaking mechanism was established to effectively link international sci-tech innovation talent, technology, capital, and market, empowering the sound development of sci-tech entrepreneurship investment.
Furthermore, the conference collaborated with leading players in entrepreneurship investment, Shanghai State-owned Capital Investment Co., Ltd. and CICC Capital, to open special roadshows. Leveraging the expertise and resources of investment agencies, these roadshows directly linked both sides of entrepreneurship investment, working with numerous sci-tech players on-site to explore high-quality projects and fully support entrepreneurs.
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Tata Electronics and Tokyo Electron Limited (TEL) Announce Strategic Partnership to Grow Semiconductor Ecosystem in India
Tata Electronics today signed a memorandum of understanding with Tokyo Electron Limited (TEL), a leading global supplier of semiconductor equipment and services. The two companies will collaborate to accelerate semiconductor equipment infrastructure for India’s first Fab being built by Tata Electronics in Dholera, Gujarat, and for its assembly and test facility in Jagiroad, Assam.
Through this partnership, Tata Electronics and TEL will also focus on training Tata Electronics’ workforce on TEL equipment and supporting ongoing improvement and R&D initiatives. This collaboration will leverage the strengths of both companies to establish a robust semiconductor manufacturing ecosystem in India.
As previously announced, Tata Electronics is building India’s first Fab in Dholera, Gujarat, with a total investment of INR 91,000 crores (~US$11bn). In addition, another INR 27,000 crores (~US$3bn) will be invested in a greenfield facility in Jagiroad, Assam, for the assembly and testing of semiconductor chips. Together, these facilities will produce semiconductor chips for applications across automotive, mobile devices, artificial intelligence (AI), and other key segments to serve customers globally. As the construction of these facilities progresses, it is critical to grow partnerships across the entire semiconductor ecosystem, spanning process and design technology, as well as equipment suppliers. With this announcement of the partnership with TEL, Tata Electronics has solidified a critical pillar to achieve its execution targets.
Dr Randhir Thakur, Managing Director & CEO, Tata Electronics, said, “We have a bold vision of becoming a leader in electronics manufacturing by offering integrated solutions across the value chain to our global customers. TEL has a history of working closely with its customers, and its expertise in the semiconductor equipment space will help build a dynamic ecosystem to support the timely execution of bringing up our Fab and advanced packaging factories. We are excited about the customer centricity that TEL brings to this partnership.”
Toshiki Kawai, President ＆ CEO of Tokyo Electron Limited, emphasised, “We are delighted to announce our partnership with Tata Electronics, which brings together our combined expertise and resources to strengthen the semiconductor ecosystem in India significantly. This strategic collaboration spans both front-end fabrication and back-end packaging technologies, highlighting our commitment to delivering exceptional support and value to Tata Electronics. By leveraging our collective strengths, we aim to accelerate development and drive innovation across multiple technology nodes. Together, we are poised to set new benchmarks in the industry, fostering a robust and dynamic semiconductor landscape that will benefit all stakeholders.”
TEL is committed to supporting the Indian semiconductor ecosystem. Both the front-end and back-end product groups will provide resources and technology support to bring advanced TEL products to the Indian market. TEL will lead this effort by also offering diversified products for the MAGIC market (MAGIC—Metaverse, Autonomous Mobility, Green Energy, IoT & Information, Communications). TEL will actively explore opportunities to leverage India’s talent to establish an engineering service in India to support its global product development.
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Blackwired, the leading cyber observatory for disruptive cybersecurity technologies, has announced the launch of ThirdWatchSM, a groundbreaking solution to identify direct threats facing an organization and its Third Parties.
ThirdWatchSM is a subject-directed monitoring platform that provides a comprehensive 360-degree view in 3D of existential threats that impact organizations and the associated cyber risks posed by their vendors, partners, suppliers, networks, and digital assets. Utilizing a non-invasive, zero-touch technology process, ThirdWatchSM generates Direct Threat Intelligence while cross-referencing this intelligence with traditional vulnerability assessment data. This integration produces evidence-based scoring and specific solution sets to mitigate all direct cyber threats facing an organization.
Direct Threat Risk Management
This innovative platform establishes a new category—Direct Threat Risk Management. By incorporating all features of Attack Surface Management (ASM) and Third-Party Risk Management (TPRM) tools, ThirdWatchSM surpasses conventional offerings, delivering enhanced usability, substantial value, and unique Direct Threat Intelligence.
Central to ThirdWatchSM are its pivotal features, including Direct Threat Intelligence, Direct Threat Mitigation, Third-Party Risk Management, Network Vulnerability Assessment, 3D Visualization, a comprehensive Ecosystem and Evidence-Based Scoring. The platform is designed with five key configurations: Enterprise, Audit, Managed Service Provider (MSP), Incident Response (IR), and Legal.
“Implementing a ‘defend forward’ mentality is crucial. To combat modern threats, organizations need to pivot to a proactive approach to threat management, seeking out threats and neutralizing them before they escalate into attacks. ThirdWatchSM empowers organizations to identify and eliminate direct threats that jeopardize core operations, subsidiaries, and affiliates while mitigating risks posed by third parties in their ecosystems.” – Jeremy Samide, CEO & Co-founder, Blackwired.
ThirdWatchSM ensures compliance with third-party regulatory cybersecurity requirements and helps organizations navigate potential supply chain disruptions caused by cyber events.
Management teams can utilize the platform to monitor their cybersecurity operations’ effectiveness, access cyber threat landscapes swiftly, and provide a digital witness record of pre-event direct threat intelligence.
Blackwired leverages industry and government expertise to deliver innovative solutions that integrate cutting-edge technologies such as artificial intelligence, edge computing, blockchain, and quantum computing. This strategic integration is underpinned by a methodology that starts with the premise of proactive prevention and, when necessary, offense – a notably different approach compared to traditional reactive cybersecurity measures.
The launch of ThirdWatchSM marks a significant evolution in cybersecurity strategy. Organizations can utilize the platform to enhance cyber resilience while safeguarding their digital assets against a rapidly changing threat landscape. As cyber risks escalate, ThirdWatchSM offers a proactive defense mechanism designed to help organizations stay one step ahead of malicious threat actors.
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