The Administrative Committee of Guangzhou Economic and Technological Development Zone has continuously increased the support for projects in the science and technology industry. In 1994, it set up the Science and Technology Development Fund (8 million dollars per year) and the Science and Technology Reward Fund (3 million dollars per year) to support the high-tech projects in the form of preferential loans and rewards. At the same time, the district finance in 1999, 2000 for two consecutive years to arrange *** 200 million yuan supporting funds to support the district directly under the state-owned companies to introduce or participate in high-tech projects. Actively introduce venture capital mechanism, with the Guangzhou Science and Technology Commission set up the Guangzhou Science and Technology Venture Capital Company, used to promote the development of high-tech industries.
By 2000, Guangzhou Development Zone had built the Guangzhou Science and Technology Park of China Association for Science and Technology, Guangzhou Overseas Educated Personnel Pioneering Park and other high-tech business incubators to provide incubation services for high-tech achievements at home and abroad, and incubated a number of projects successively. The Guangzhou Development Zone also cooperated with the State Science and Technology Commission to build the National 863/CIMS Design Automation Engineering Laboratory, one of the key laboratories of the National 863 Program. Starting from 1998, GDD has successfully co-organized 3 sessions of China (Guangzhou) Overseas Educated Personnel Science and Technology Exchange Conference and founded Guangzhou Overseas Educated Personnel Pioneering Park. 2000, the area of Guangzhou Overseas Educated Personnel Pioneering Park has already reached more than 14,000 square meters, with a total of 54 projects of international students in the park, some of which have already begun to be industrialized and produced.
Guangzhou Development Zone has introduced a number of large enterprises and R&D centers with high-tech content, such as Taiwan Lite-On Group, U.S.A. Jabil Electronics, and Elysian Electronics. Famous multinational enterprises in the zone, such as P%26amp;G of the United States, Thomson of France, and Hong Kong Elionda, have also set up their own technical research centers and product development centers in the GZD. In January 2000, approved by the Ministry of Personnel of the People's Republic of China, the GZD set up post-doctoral scientific research stations in the enterprises. Guangzhou Development Zone vigorously support all kinds of scientific and technological personnel and management personnel to establish private science and technology enterprises, private science and technology enterprises have become a new force for the development of high-tech industries in the Guangzhou Development Zone, such as the Dyson Thermal Energy Company, Guangyang High-tech Industrial Company Limited and other companies in the Guangzhou Development Zone gradually grow.
The commercialization, industrialization and internationalization of high-tech achievements in the Guangzhou Development Zone have achieved good results, fostered a number of high-tech backbone enterprises, developed a number of leading high-tech products with good reputation in domestic and overseas markets, and formed a number of high-tech pillar industries. By the end of 2000, the Guangzhou Development Zone had approved 54 advanced technology enterprises and recognized 23 high-tech enterprises. A number of high-tech enterprises including laser medical equipment, artificial heart valves, modern communication equipment, computer software development, high-density multilayer circuit boards and other high-tech enterprises have been set up, a number of high-tech backbone enterprises have been cultivated, more than 600 kinds of high-tech products of more than 20 categories have been developed, and more than 200 kinds of products have been awarded with prizes of the country, province, city and industry respectively.