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Incubator project for small and medium companies of Internet of Things

(chinadaily.com.cn)

Updated: 2015-09-01

The Xi’an International Trade and Logistics Park (ITL), which enjoys the benefits of the Xi’an Technology Resource Market’s branch located in the park, is expected to establish an incubator for small and medium-sized companies in the Internet of Things industry.

The project is supported by Xi’an’s science and technology advantages and upper level government. The first phase of the project covers a total area of 100,000 square meters, and provides a cloud service platform on policy consulting for companies in the incubator.

It also shares services with these companies, involving equipment, investment and financing, taxation, and other industrial and commercial services.

The project, with a total investment of 200 million yuan ($32.68 million), is part of the Internet of Things Application Industrial Park in the city, and aims to cooperate with the only exhibition center for the Internet of Things in Shaanxi province so as to demonstrate the technologies and products of these companies.

The cooperation is expected to promote exchanges of technology and equipment between companies in China and abroad in a bid to further develop the industry. The Internet of Things is the main trend and industry of China’s new generation of information technology and, as the country implements new strategies for the development of the industry, the industry’s companies have become increasingly big.

A natural market[NOTE: PLEASE CHECK THIS SENTENCE…]in the Xi’an International Trade and Logistics Park, with a better research, development, application and maintenance platform, is expected to attract more tenant companies.

The Xi’an International Trade and Logistics Park has completed the construction of the main roads in the park, and companies will be granted a certain subsidies in accordance with their tax performances. The authorities have included details of the subsidies in the park’s documents.

Companies in the park also enjoy special national policies concerning electricity and water fee reductions. It is estimated that there will be about 150 small and medium-sized companies in the incubator by 2015, with a total income of 800 million yuan ($130.72 million).

Companies are welcome to take part in the project’s construction and operation by BOT (Build-Operate-Transfer), TOT (Transfer-Operate-Ttransfer), and sole investment.

Address: South Banfang, 6 Gangwu Avenue, Xi’an International Trade and Logistics Park

Postal code: 710026

Telephone: 86 (29) 8359-1921

Fax: 86 (29) 8333-2055

Email: invest_itl@163.com

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