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Guangzhou Science Town

Updated Beijing Time

Guangzhou Science Town broke ground on December 28th 1998 is a science and technology industrial park for upgrading the creation ability and accelerating the development of hi-tech industry. It is also the future core of Guangzhou's hi-tech industry development district. With an area of 20.24 square kilometers, the Science Town is to draw an investment of 16 billion yuan. Part of the town has already been put into construction. Five functional districts are set in the Science Town including electronic information industry district, bio-medicine industry district, new material and new energy industry district, colligate incubator of research and development service district, and ecological preservation zone.

Guangzhou Science Town has invited international bidding for its planning and designing with all the facilities meet a high standard. Also the City has been granted ISO14000 national level demonstration zone.

Admission qualification for enterprises of the Science Town is comparatively high. The total investment of each project should not be less than 5 million USD. All the projects should be hi-tech ones with high content of science and technology, good economic returns and meet the requirements of environmental protection.

As of end of 2006, nearly 600 enterprises in the Science Town are under incubation. 210 different research and developing organizations have settled in with 4 of national standard. The city has already attracted 188 foreign invested projects with 1,394 million USD and 629 domestic projects with registered capital of 6,882 million yuan.

Publicity Department of Guangzhou Developing District Management Committee

Tel: 8211 1354

(by Carrot Chan)

Source: Lifeofguangzhou.com

Editor: Carrot Chan

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