Innovation is the primary driving force behind economic development and an important pillar of the national economy. In recent years, state-owned enterprises in Jiangsu have improved the ability of independent innovation as the core strategy to enhance their competitiveness and promote the transformation and upgrading with remarkable achievements.
The black silkworms appear very strange as silkworms are normally white in appearance.
The black silkworms cultivated by Suhao Silkworm Co. Ltd will be able to spin silk in about 20 days.
Name Suchao, the black silkworms will be able to spin 550000 yuan worth of silk per ton to raise the level and value of the cocoon and silk industry from the source.
Through eight years of continuous investment on research and development, the company has been able to cultivate 12 new silkworm varieties in recent years, which is paid off with the granting of 8 national invention patents.
To win the market through innovation and to increase efficiency through research and development has become the consensus of Jiangsu-based state-owned enterprises.
Over the past five years, state-owned enterprises in Jiangsu have invested a cumulative amount of 56.7 billion yuan earmarked for research and development funds, undertook 26 national science and technology projects and 404 provincial projects with 721 high-tech products developed so far.
In the meantime, Jiangsu has brought into full play the role of state-owned venture capital investment firms to promote the deepened integration of capital and emerging industries.
Up to now, Jiangsu Hi-tech Investment Group Company has invested in more than 750 enterprises, of which 125 enterprises are listed in the domestic and foreign capital markets to facilitate backdoor listing or mergers and acquisitions to stimulate the further growth of scientific and technological innovation.
Relying on strong independent research and development capability and resource cohesion, the state-owned enterprises in Jiangsu are forming a driving force in the innovation guidance and promotion of industrial growth.
At present, 97 state-owned enterprises in the province have established research institutions with 154 subsidiaries listed as provincial techno-intensive enterprises to give a strong footing to the province’s innovation-driven development.
