Productive Jinwan incubator prepares accelerator

With 72 startups filling all its factories, Jinwan Maker Town is about to open a new accelerator park to raise these intelligent-manufacture startups to the next level.

Maker opened in September 2016 in Hongqi Town to help fledgling businesses grow rapidly. It provides them with one-stop business services such as policy consultation, business guidance, and finance networking. As of July 1, the accelerator park will house up to 15 of these enterprises, limited only by competitiveness in terms of output value and technological capability.

The annual output value is targeted at 200+ million yuan ($31.6 million) in the first year, and then 300+ million yuan ($47.4 million) the second year. In 2017, startups in Maker Town yielded a combined output value of more than 400 million yuan ($63.2 million). This was achieved after just one and a half years, thanks in part to businesses that quickly achieved commercial-scale production.

The goal now is to foster at least five High & New-Technology Enterprise (HNTE) firms, or at least achieve candidate status for them, by the end of the second year. There should be more than 30 intellectual property rights acquired, and at least 800 new jobs -- 300 of them to university graduates.

Jinwan Maker Town

The integration of intelligent manufacture and finance will form a complete industrial chain in Jinwan District. Furthermore, favorable government policies will be used to full advantage.

At the same time, the park will attract emerging businesses in "smart" hardware, electronics and information, Internet of Things (IoT), and industrial robots. Other innovative projects regarding new materials, new energy, and aviation and aerospace are also encouraged. In addition, a series of quality service offerings is being developed to promote the process.

Jinwan Maker Town Accelerator Park [Photos by Zhang Zhou / Zhuhai Daily]

Jinwan's intelligent manufacturing is to become more competitive within three years, according to Xu Xiao, CEO of Maker. He foresees the district as an intelligent manufacturing haven within an advanced equipment manufacturing industrial belt on the west bank of the Pearl River. The district will also provide a training base and IPO consultation.

With the ultimate goal of integrating the upstream and downstream of the intelligent manufacturing industrial chain, the accelerator park will become one of the largest of its kind on the west bank within five years, Xu asserted.

Investment promotions are already under way even though work is still at the furnishing stage, according to a project head.