Warburg Pincus (300074.SH), located in Shanghai Yangpu District's Bay Valley Technology Park, is an innovative enterprise listed on the Shenzhen Stock Exchange in April 2010. As a key partner in the platform of the Eastern National Technology Transfer Center, it is currently promoting the development of technology validation and evaluation in the field of technology transfer in both directions.

China Economic Weekly - Economy.com.cn (Reporter Song Jie) Located in Shanghai's Yangpu District's Bay Valley Technology Park, Warburg Pincus (Warburg Pincus, 300074.SH) is an innovative enterprise listed on the Shenzhen Stock Exchange in April 2010. As a key partner in the platform of the Eastern National Technology Transfer Center, it is currently promoting the development of technology validation and evaluation in the field of technology transfer in both directions.

Mr. Yan Mingfeng, CEO of National Technology Transfer Eastern Center, Deputy General Manager and Economist of Shanghai Yangpu Science and Technology Entrepreneurship Center Co. Warburg Pincus is a typical example of his successful coaching of enterprises. In April 2010, Warburg Pincus was successfully listed on the Shenzhen Stock Exchange's Growth Enterprise Market (GEM), becoming one of the earliest listed companies on the GEM and the first domestic multimedia communications company listed on the A-share market.

In an interview with reporters on December 18, Yan said, "Many people will ask why you are still doing it today when technology transfer is still a worldwide problem. I think the story may have to start at the beginning."

To be the platform for the platform

After graduating from Shanghai University of Finance and Economics in 2001, Yan joined the Yangpu Science and Technology Entrepreneurship Center, which was still a novelty at the time, and worked for fifteen years.

Since then, Mr. Yan has promoted the development of Yangpu's science and technology service platform and created the "Yangpu Model", which is known as one of the five development models of incubators in China, and has become Shanghai's largest technology incubator in terms of asset size and service function. "Combined, with Yangpu characteristics of the incubator sustainable development path. This is the predecessor of the Eastern National Technology Transfer Center (hereinafter referred to as the "Eastern Center").

On April 23, 2015, Minister of Science and Technology Wan Gang and Vice Mayor of Shanghai Zhou Bo inaugurated the National Technology Transfer Eastern Center (NTTEC)

More than ten years, so that the business performance of Yangpu Science and Technology Entrepreneurship Center has been widely recognized and praised by the relevant government departments and the community, but Yan Mingfeng is thinking: "from the nursery to the incubator and then the accelerator, we have been thinking, enterprises have grown up, still need us? When he 'graduates', will our ties be severed? The fact is, it did not." So the entrepreneurial center determined to seek upgrading and restructuring opportunities, just at this time, the Ministry of Science and Technology's policy guidelines and the work of the Municipal Science and Technology Commission to prepare for the construction of the national technology transfer center in the east of this major work, entrepreneurial center actively strive to successfully undertake the work, for the new situation of science and technology innovation and development and science and technology services to try to explore new paths, but also opened the entrepreneurial center for a comprehensive business transformation and functional upgrades! A new chapter. As a result of the efforts, the National Technology Transfer Eastern Center was officially settled in Shanghai in November 2014, and the Eastern Center, a regional technology transfer platform jointly promoted by the Ministry of Science and Technology and the Shanghai Municipal Government, was officially unveiled on April 23, 2015, and settled in the Bay Valley Technology Park.

Yan Mingfeng said to reporters, for example, "after the inauguration of the National Technology Transfer East Center, the park growth incubation of Warburg Pincus listed, we can go on the platform of the East Center to do a lot of experimental platform, technology verification platform. From a product-based enterprise to a platform-based enterprise, Warburg Pincus wants to be an ecological enterprise and needs a partner like the Eastern Center to help it connect external resources, which is what the incubator to the technology transfer center is doing. We have supported Warburg Pincus to establish a video+industry-based creation space to help companies continue to access innovative resources from the source; we have also built a technology validation test platform with Warburg Pincus - a cloud platform for audio and video communication application technology validation and re-development to open up their advanced resources and technologies to more SMEs. "

Shanghai Technology Exchange, London

Since its establishment one year ago, the Eastern National Technology Transfer Center has focused on the layout of three businesses: technology trading platform, national university technology market and international innovation acquisition platform, and has joined a total of 154 cooperative institutions, including 8 foreign cooperative institutions, 3 branch centers and 5 technology transfer and transformation cooperation; and 14 domestic cooperative institutions, including 5 branch centers and 9 technology transfer and transformation cooperation. The Yangtze River Delta region has set up 2 branch centers and 8 technology transfer cooperation centers, 3 branch centers and 1 technology transfer cooperation center to connect with the Belt and Road Strategy; Shanghai has signed contracts with 6 universities and 3 research institutes, 112 science and technology intermediary service agencies, and 5 experimental and validation platforms with leading enterprises; 6,569 technology transfer experts have been stationed in the platform and partners, and 6,569 technology transfer experts have been cultivated. The number of technology brokers is 110, the number of technology supply and demand items collected is 33,568, the number of activities related to the transfer of scientific and technological achievements organized on their own initiative or with their participation is 9, the number of activities organized by the platform institutions is 13, and the number of participants in the activities is 620.

The first batch of innovation service stations are expected to be able to complete more than 20 technology transfer-related activities per year, register and subsidize more than 30 companies for the Shanghai Science and Technology Innovation Vouchers (technology intermediary services), and collect 500 items of enterprise needs. The second and third batches of network members will follow, and the eastern center will plan technology transfer matching processes and services that are acceptable to the market, driving technology transfer in the region together.

Overseas practice: building bridges to the world

Panoramic view of Shanghai Zhangjiang Boston Corporate Park

The Greater Boston area of the United States is home to 39 of the top 50 colleges and universities in the United States, including Harvard, Yale and MIT. The concentration of colleges and universities and talents has spawned and attracted a large number of high-tech enterprises. At present, the Shanghai Zhangjiang Boston Enterprise Park in Marlborough is in the stage of property renovation, with nearly 13,000 square meters of building to welcome the first batch of technology startup team.

Shanghai Zhangjiang Boston Enterprise Park (BEP) is a comprehensive enterprise park established by Zhangjiang overseas, the first case of Sino-American cooperation in building a high-tech park, and also the first overseas science and technology park project in China that adopts the mechanism of government guidance, social organization coordination and enterprise market-oriented operation. This project is operated by the Eastern Center and a joint venture management company is established with the U.S. side, with all employees recruited locally. This means that Shanghai can directly absorb the best international technology and talents, or export technology, Shanghai's bridgehead in Boston has been initially established.

Shanghai Zhangjiang Boston Enterprise Park plans to build seven functional platforms and six industrial innovation centers. This year, the eastern center will cooperate with domestic enterprises to build three functional platforms and two industrial innovation centers, which are: a joint R&D platform for cutting-edge fields, a talent exchange platform, a capital and market matching platform, a biomedical technology innovation center, and a medical and health technology innovation center.

In addition, talent exchange platforms, capital and market matching platforms are also being built. The East Center will cooperate with domestic innovation and entrepreneurship talent service providers, venture capital funds, and listed companies to provide talent and investment and financing services for the Shanghai Zhangjiang Boston Enterprise Park. To this end, the Eastern Center is communicating with the Massachusetts government to enjoy tax breaks for corporate acquisitions and intellectual property transactions.

In June this year, under the promotion of the Municipal Science and Technology Commission, Shanghai Innovation Center (London) and Shanghai Technology Exchange London Branch Center were established and located in KIC London Incubator (hereinafter referred to as KIC Incubator). So far, the completion of the "Shanghai-Boston-London" network will help Shanghai to move forward to become an international technology transfer hub. The East China Center for Technology Transfer (ECTT) has established a working platform in London and reached a comprehensive strategic cooperation with the first Sino-European cross-border incubator with a Chinese background in the UK (CKC Incubator), as a strategic stake in the incubator, to jointly build a platform and share achievements, which mainly includes building a Sino-British cross-border incubation and M&A platform, a Sino-British technology pooling and high-tech enterprise exhibition platform, and a Sino-British and Sino-European technology trading platform. In addition, the Eastern Centre has also co-sponsored the establishment of the Sino-British Technology Transfer Fund, which will be used as a vehicle to connect UK and European science and technology projects in the future, opening up a good channel to obtain high quality UK science and technology start-up projects, either for equity investment or to introduce them to Shanghai. In addition to "bringing them in", the Eastern Centre will also "go out" by sending Shanghai's technology start-up projects to the London Science and Technology Centre to help them explore the European market. The Eastern Centre will also plan to set up a parent fund to invest in or acquire a number of overseas projects, according to Executive Vice President Zou Shujun.

"There are a lot of good projects there, but the European market is not big enough and we want to enter the Chinese market. We are setting up a space station in Singapore, where there is a Chinese community, and it will also be very beneficial for many companies that want to go to the Southeast Asian market and work with local research institutions in Singapore. At the same time, we hope to communicate with international talents in innovation and entrepreneurship, and we have held international competitions in Singapore, the UK and South Korea, hoping for better communication between domestic s and overseas s, and hoping to connect the technical elements and do result transfer based on today. How to turn technology into money, how to make people with technology richer, so that technology really change our lives, we need to go to build a variety of platforms, we need to do all kinds of training of talents, we need to take the existing resources from the existing system as well as universities and research institutes to the public platform inside, so that institutions and enterprises can be more free to pick these technologies and projects at will."

(Source: Economy.com)