Six enterprises in Suzhou International Science Park (SISPARK), a high tech cluster in SIP, went public last year, making the number of listed enterprises in the park amount to 16. This has improved SISPARK’s fame as a cradle of listed enterprises.
By the end of last year, the total market cap of the 16 enterprises had reached RMB 202.912 billion, and seven of them had reported a market cap of more than RMB10 billion.
Why can SISPARK see so frequent and fruitful listings? The secret lies in the “hard tech”, which refers to breakthrough technologies that require immense imagination and innovation. AI, aerospace, biotechnology and chips are all examples.
Since its inception in 2000, SISPARK has upgraded its industrial layout for several times to foster a “hard tech cluster” with AI technology as the core, which has attracted many enterprises engaged in integrated circuit design, intelligent networks, industrial software and other sectors. These enterprises develop fast, and many hope to go public to finance future growth.
SISPARK has provided strong support for enterprises intending to enter capital markets. A recent effort was to invite the famous investment organization CASSTAR to establish a venture capital fund and a hard tech incubator in it.
Moreover, SISPARK has been offering enterprises opportunities and help in acquiring information about IPO, understanding related policies and procedures, and learning experience for preparations.
In addition to efforts under SIP’s “Listed Companies’ Nursery” program, SISPARK launched the “SISPARK Ecology Plan” in 2020 to provide enterprises with assistance in such aspects as financing, talent recruitment and technical upgrading.
SISPARK’s support has allowed many enterprises to quicken their pace toward capital markets, and in return, the enterprises have made increasing tax contributions.
February 7, 2023
