Suzhou CAS Earthstar Innovative Technology Institute is a scientific and technological achievement transformation platform developed by the academician team of the Institute of Geology and Geophysics of the Chinese Academy of Sciences. [Photo/WeChat account: snd-szgxqfb]
Fifty-two key projects based in Suzhou New District which worth investments totaling 33.7 billion yuan ($5.04 billion) were signed into effect on May 24, local media outlets reported.
Over 90 percent of the projects have attracted investments exceeding 100 million yuan each, of which three have exceeded 3 billion yuan and 12 have exceeded 1 billion yuan.
The projects include those from a number of renowned companies from home and abroad, such as Everbright Photonics, Lixiang Automobiles, EST Semiconductors, and Elring Klinger Auto Parts from Germany.
Suzhou CAS Earthstar Innovative Technology Institute, a scientific and technological achievement transformation platform developed by the academician team of the Institute of Geology and Geophysics of the Chinese Academy of Sciences, received significant attention at the signing ceremony.
By integrating and optimizing multiple resources, the project aims to facilitate the industrial transformation of advanced scientific and technological achievements such as deep resource exploration and independent equipment development.
The total investment in the project will reach 1.1 billion yuan, with the output value expected to exceed 2 billion yuan within five years. More than 330 high-end talents will be introduced and more than 150 patents will be authorized.
The investment attraction center for SND's three innovation clusters for high-end equipment manufacturing, new-generation information technology, and the modern service industry was unveiled the same day.
