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GUi plays central role in innovation in Anhui

Updated: August 12, 2024

In recent years, Anhui has embraced science-based innovation, witnessing a surge of tech companies and products. Hefei, the provincial capital, has emerged as an "innovation highland," with Grand Union of Innovation (GUi) becoming synonymous with entrepreneurial opportunity.

Launched on June 13, 2022, GUi has transformed the city's innovation landscape. By connecting resources from various universities and research institutions, GUi attracts high-level talent, fostering robust innovation capabilities and accelerating the commercialization of advanced technologies.
GUi acts as a powerful magnet, cultivating an innovative ecosystem that elevates technological progress. Zhongke Youcai Technology Company, founded by Li Liangbin, exemplifies this new business model, benefiting from high-level talent subsidies that support early-stage startups.

"As a high-tech enterprise established through the empowerment of the University of Science and Technology of China(USTC), we take great pride in being located in GUi," said Li Liangbin, in a recent interview. In 2023, the company received subsidies for high-level talent, which significantly supports the incubation of early-stage startups and fosters a conducive environment for innovation.

USTC was selected as a national pilot unit, pioneering the "empowerment + transfer + agreed benefits" model. This model serves as a platform for delivering talent to the industry, effectively bridging the innovation chain, industrial chain, and funding chain.

The innovative empowerment model has established a robust mechanism for the conversion of scientific research achievements, encompassing intellectual property protection, technology transfer, result evaluation, and incentive mechanisms. Such structures alleviate concerns for researchers venturing into entrepreneurship, allowing them to innovate with assurance.

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Over 100,000 firms like Zhongke Youcai are registered in GUi since its commencement of operation. [Photo/GUi]

Since its inception, Zhongke Youcai has committed to making breakthroughs in new displays and leading advancements in high-end optics. Within six months, the company completed project planning, equipment installation, and trial runs, with plans to optimize processes and validate samples for downstream clients.

Leveraging the industrial connections offered by GUi, Zhongke Youcai successfully secured tens of millions of yuan in the round of angel financing. This funding allows the company to rapidly recruit and assemble a comprehensive industrialization team, ensuring timely progress on production lines and factory construction.

Moreover, GUi actively facilitates connections among enterprises in the industrial chain, helping companies quickly integrate into their sectors and refine their research and development focus. Thanks to GUi's policy interpretations and one-on-one support, companies can stay aligned with policy trends, enabling accelerated growth.

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"GUi boasts a comprehensive service system for tech talent, project implementation, and enterprise financing," Li says. [Photo/GUi]

"GUi boasts a comprehensive service system for tech talent, project implementation, and enterprise financing. We hope that with the support of GUi, future enterprises can access global resources, attract technological talent, draw in financial capital, and address crucial issues like partnerships, funding, and market opportunities," Li Liangbin concluded.

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