Beijing Xingwang Industrial Park Co., Ltd. and Beijing Run-Long Medtech Medical Equipment Co., Ltd. held a signing ceremony at a park service kick-off meeting on May 6. 

The two parties signed a cooperation agreement to accelerate the development of Run-Long Medtech with the support of butler services of the Jinghai enterprise service port and Xingwang.

Run-Long Medtech has obtained NMPA (National Medical Products Administration) registration certificates for a number of products, and has introduced planing blades, metal strip anchors, looped titanium plates, arthroscopic approach sleeves, and surgical sutures and similar advances that have reached the international level. 

These products have been applied in such top medical institutions as the Beijing Third Hospital, the Beijing Jishuitan Hospital and 306 Hospital.

Favored by the capital market since its establishment, Long-Run Medtech completed a round of financing of nearly 100 million yuan ($15.54 million) in 2020, and will further increase investment in R&D and production.

Not so long ago it faced the dilemma of insufficient space to fulfill its corporate vision. 

Attracted by the biotechnology and health industry of the Beijing Economic and Technological Development Area (BDA) and the supporting environment of Bodaxing Industrial Park, Run-Long Medtech chose a new site in that park. 

After signing this contract, Xingwang will assist Run-Long Medtech to complete the renovation of the new site of more than 5,000 square meters as soon as possible. Run-Long Medtech's headquarters, R&D and production departments will all move into the park at the end of the year.

It was not only the industrial environment, but also the industrial services provided by the BDA that attracted Run-Long Medtech to settle in. 

The "big butler" of the E-Town enterprise service port is combined with the "small butler" of Xingwang to provide enterprises with full-chain service from settlement to innovation and development.

All of this has given Run-Long Medtech's general manager Tang Wei a good deal of confidence. He said that it is expected that the enterprise’s output value will jump from 30 million yuan in 2020 to 200 million to 300 million yuan within three years, and it may start an IPO listing in 2024. 

According to statistics from Xingwang, in less than two months after the park passed the urban renewal approval of the BDA, the Bodaxing Industrial Park has attracted entry by five high-tech enterprises.