China tops the world in incubators, makerspaces

Source:Xinhua-Global Times Published: 2017/9/19 22:03:40

China's 7,500-plus incubators and makerspaces have fostered more than 223,000 businesses by the end of 2016, the Xinhua News Agency reported Tuesday, citing data from Torch High Technology Industry Development Center under the Ministry of Science and Technology.

China now has more incubators and makerspaces than any other country in the world.

As of the end of 2016, China was home to 3,255 incubators and 4,298 makerspaces, and a total of 223,000 small and medium-sized enterprises emerged from these programs, the data showed.

In 1987, China's first technology business incubator, Wuhan Donghu Pioneers Center, was formally established.

China aims to increase the total number of domestic incubators, makerspaces and accelerators to more than 10,000 by 2020, with a target of 100 overseas incubators, makerspaces and accelerators in the same period.

These programs are expected to generate 3 million job opportunities and 2,000 listed companies, the report said.

Posted in: COMPANIES

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