Approved by the Shanghai Municipal Government, Shanghai Caohejing Hi-tech Park Innovation Center was solely invested and run by Shanghai Caohejing Hi-tech Park Development Corp. As a business incubator, Caohejing Innovation Center has committed itself to cultivating and supporting technology-intensive enterprises and promoting the commercialization, industrialization and internationalization of scientific and technological achievements.
Caohejing Innovation Center has been in operation for over 10 years. According to statistics, more than 300 technology-intensive enterprises have graduated from Caohejing Innovation Center, whose fields cover information technology, biotechnology, new materials and others. The success rate amounts to 90%. Currently, Caohejing Innovation Center boasts a total floor area of 29,000m2 and 65 million RMB registered capital.
Caohejing Innovation Center has been recognized as "State-level Innovation Center" and "Model Incubator" by the Science & Technology (S&T) Ministry of China; "International Business Incubator" by the S&T Ministry of China and UNDP; "Shanghai Innovation Park For Returned Scholars", "Advanced Technology Achievements Transformation Base in Shanghai" as well as "Model Unit of Shanghai".
Caohejing Innovation Center is the first business incubator in China to have received the certificate of ISO9001 quality system.