East China’s Jiangsu province has been focusing on market demand since the beginning of this year by targeting key technologies, increasing policy guidance and support, promoting the further convergence of various innovative elements for enterprises, accelerating the growth of innovation driving force, and gathering more new momentum for the province’s high-quality development.
At first glance, this large-scale energy storage device may sound like a large "power bank", but due to its main application in outdoor large-scale photovoltaic power plants, it faces numerous uncertain external environmental factors, and the safe operation of the equipment requires very high stability for large-scale energy storage devices.
Faced with the common challenges in the development of this industry, a technology-based enterprise from Suzhou is targeting core technologies and continuously increasing investment in research and development.
The Suzhou High tech Zone, where the company is located, has introduced policy packages to fully support the innovative development of related enterprises in the park from aspects such as talent recruitment, fund compensation, and land supply.
“Based on the guidance of the full lifecycle development of ‘industry+technology’ enterprises, we have formulated over 20 special technology support policies in four categories to help improve the research and development of the enterprises”, Wang Hui, Director of Suzhou High tech Zone Technology Investment Service Center, said.
Driven by the joint efforts of government and enterprises, Jingkong Energy has independently developed a highly integrated smart battery connection control system. In the first half of the year, the new production line was officially put into use, doubling the production capacity, and the products were sold to more than ten countries and regions around the world.
“By using core algorithms, risks can be predicted 30 days in advance, with at least 10 minutes of early warning and automatic triggering. The service life of the protection system equipment can be increased by 20%”, Song Jiufu, Technical Director of Suzhou Jingkong Energy Technology Co., Ltd., said.
From a technology-based small and medium-sized enterprise to a newly emerging national little giant enterprise, Jingkong Energy’s growth is inseparable from the strong support of government departments in the field of innovation.
Since the beginning of this year, Jiangsu has continued to focus on the goal of building a globally influential industrial technology innovation center, taking multiple measures to continuously strengthen enterprises’ dominant position by introducing 12 measures to support private enterprises in participating in major technological innovation.
Jiangsu has implemented a new round of innovative leading enterprise cultivation project, focusing on the common needs of enterprises for funds. Multiple departments such as science and technology and finance are working together to help technology-based enterprises expand financing channels.
At the recently-held Jiangsu Province Science and Technology Finance Deep Integration Matchmaking Conference, a batch of "bank enterprise cooperation" projects were signed and granted centralized credit. In the first half of this year, Jiangsu recorded a new special credit of 210 billion yuan in key technology fields.
“At present, we have been listed on the Beijing Stock Exchange with an average annual revenue growth rate of over 50%. The 80-million-yuan credit granted this time provides strong support for the company's long-term scientific and technological research and development”, Shen Shiqiang, Financial Director of Yunchuang Big Data, said.
In the first half of this year, 62656 technology-based small and medium-sized enterprises in the province obtained entry registration numbers, a year-on-year increase of 35.7%, ranking first in the country. Data shows that Jiangsu’s enterprises have completed 85% of their research and development investment, and 70% of effective invention patents are created by enterprises.