Since the beginning of this year, Anhui has focused on supporting strategic emerging industries such as integrated circuits and artificial intelligence and promoting the accelerated growth of private technology enterprises through a series of measures,  including building an industrial fund matrix and creating a full-chain innovation  ecosystem.

Anhui has innovated by establishing a provincial emerging industry guidance fund with a total scale of no less than 200 billion yuan. At the same time, it has also focused on optimizing the innovation and entrepreneurship ecosystem by establishing new research institutions and technology business incubation platforms. 

To fully leverage the innovative potential and creative vitality of the private economy, Anhui has been focusing on enhancing the role of enterprises as the main drivers of innovation and promoting the collaborative innovation capabilities among industry, academia, research, and application. As of now, Anhui hosts over 200 provincial-level technology business incubators, including 67 national ones, with an increasing number of private enterprises actively exploring new fields and industries. To facilitate effective access to various competitive technological resources for businesses, Chizhou City is accelerating the creation of a multi-chain collaborative industrial development ecosystem that integrates industry chains, supply chains, innovation chains, and capital chains. Each year, it selects numerous promising small and medium-sized technology-oriented enterprises for registration and cultivation, supporting their growth into high-tech enterprises.

Moving towards "new" directions and aiming for "quality" advancements, in recent years, Anhui has continuously optimized the innovation ecosystem for private enterprises, stimulating their motivation to pursue novelty and enhance quality. In the first quarter of this year, the added value of private industrial enterprises above designated size in the province increased by 12.1% year-on-year, with the added value of private high-tech industries rising by 18.4%. Private investment grew by 2.4%, which is 0.7 percentage points higher than the annual target for 2024.

Anhui has positioned the private sector as a key pillar of the province's high-quality development, continuously refining legal frameworks and policies while intensifying efforts to create a first-class, market-oriented, law-based, and internationalized business environment. By prioritizing the needs of private enterprises and implementing a comprehensive suite of supportive measures, Anhui has fostered a dynamic and thriving landscape for its private businesses.  

Source: ANHUI NEWS