World Technopolis AssociationHerbert Chen1* and Quanhong Shen2 TusPark, Beijing, China...

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OPEN ACCESS 1. INTRODUCTION To bridge research and industrialization and achieve true gathering and supporting effect of nano industry, links be- tween the two must be well managed. With platform of the in- cubator as the core, TusPark has proposed and implemented a mechanism to integrate politics, industry, academy, research, finance, intermediary, media and many other innovation re- sources, innovate and incubate nano technology achievements and realize the mechanism of mass industrialization. During the Process, incubation platform of the TusPark is the core drive. Under the support and instruction of Beijing Munic- ipal Science and Technology Commission, the incubator of Tus- Park carries out project research and constructs new professional nano incubator on basis of Tsinghua University, Chinese Acad- emy of Sciences and other research resources as an advantage and in consideration of its own actual conditions for entrepre- neurship and incubation as well as successful experience of pro- fessional nano incubation platform both at home and abroad. 2. OVERVIEW 2.1 Rapid Development of Global Nanotechnology Industry The development of nanotechnology will bring a huge im- pact on social and economic development, national security, people’s lifestyle, and production method in the 21st Century; therefore, as the new materials and emerging technologies with great market potential and development prospect, nano- materials and nanotechnologies have been universally con- cerned by all the countries in the world. In order to improve the country’s competitiveness and occupy the strategic high- land of nanomaterials and nanotechnologies, the government in recent years has formulated relevant development strate- gies and plans and invested heavily in the research and devel- opment of nanomaterials and nanotechnologies, focusing on promoting the industrialization of nanomaterials. Generally speaking, technological achievements are being transformed toward specialization, and they can be congregated to realize industrial scale and reduce transformation cost to a certain extent. Meanwhile, during the construction and operation process of technological achievement transformation bases, there should be an industrial circle to guide and lead the R&D institutions to improve R&D efficiency and achievement trans- formation efficiency. 2.2 Beijing Nano Zooming Project Nanotechnology industry, as an emerging industry with platform support, is attracting more and more attention of governments and enterprises. Along with the implementation of the 12th Five-Year Plan of China, nanotechnology industry is always treated as a top priority no matter in the Nanotech- nology Research - 12th Five-Year Special Planning of National Major Scientific Research Plan issued by the Ministry of Sci- ence and Technology, the Suggestions on Accelerating the Development of Strategic Emerging Industries in Beijing is- sued by Beijing Municipal Science & Technology Commission, or the relevant-industry supporting and guiding policies of Innovation Ecosystem Building in TusPark: Batch Transformation Mechanism of TusPark Nanotechnology Achievements Herbert Chen 1* and Quanhong Shen 2 TusPark, Beijing, China *Correspondence to : Herbert Chen Vice President, Tuspark (Tsinghua University Science Park), China E-mail : [email protected] World Technopolis Review Copyright©World Technopolis Association This is an open-access article distributed under the terms of the Creative Commons Attri- bution Non-Commercial License(http://creativecommons.org/licenses/by-nc/3.0) which permits unrestricted noncommercial use, distribution, and reproduction in any medium, provided the original work is properly cited WTR 2015;4:247-258 http://dx.doi.org/10.7165/wtr2015.4.4.247 247 2015 Copyright©World Technopolis Association Best Practice for STP

Transcript of World Technopolis AssociationHerbert Chen1* and Quanhong Shen2 TusPark, Beijing, China...

Page 1: World Technopolis AssociationHerbert Chen1* and Quanhong Shen2 TusPark, Beijing, China *Correspondence to : Herbert Chen Vice President, Tuspark (Tsinghua University Science Park),

OPEN ACCESS

1. INTRODUCTION

To bridge research and industrialization and achieve true gathering and supporting effect of nano industry, links be-tween the two must be well managed. With platform of the in-cubator as the core, TusPark has proposed and implemented a mechanism to integrate politics, industry, academy, research, finance, intermediary, media and many other innovation re-sources, innovate and incubate nano technology achievements and realize the mechanism of mass industrialization.

During the Process, incubation platform of the TusPark is the core drive. Under the support and instruction of Beijing Munic-ipal Science and Technology Commission, the incubator of Tus-Park carries out project research and constructs new professional nano incubator on basis of Tsinghua University, Chinese Acad-emy of Sciences and other research resources as an advantage and in consideration of its own actual conditions for entrepre-neurship and incubation as well as successful experience of pro-fessional nano incubation platform both at home and abroad.

2. OVERVIEW

2.1 Rapid Development of Global Nanotechnology IndustryThe development of nanotechnology will bring a huge im-

pact on social and economic development, national security, people’s lifestyle, and production method in the 21st Century; therefore, as the new materials and emerging technologies with great market potential and development prospect, nano-materials and nanotechnologies have been universally con-cerned by all the countries in the world. In order to improve the country’s competitiveness and occupy the strategic high-land of nanomaterials and nanotechnologies, the government in recent years has formulated relevant development strate-gies and plans and invested heavily in the research and devel-opment of nanomaterials and nanotechnologies, focusing on promoting the industrialization of nanomaterials. Generally speaking, technological achievements are being transformed toward specialization, and they can be congregated to realize industrial scale and reduce transformation cost to a certain extent. Meanwhile, during the construction and operation process of technological achievement transformation bases, there should be an industrial circle to guide and lead the R&D institutions to improve R&D efficiency and achievement trans-formation efficiency.

2.2 Beijing Nano Zooming ProjectNanotechnology industry, as an emerging industry with

platform support, is attracting more and more attention of governments and enterprises. Along with the implementation of the 12th Five-Year Plan of China, nanotechnology industry is always treated as a top priority no matter in the Nanotech-nology Research - 12th Five-Year Special Planning of National Major Scientific Research Plan issued by the Ministry of Sci-ence and Technology, the Suggestions on Accelerating the Development of Strategic Emerging Industries in Beijing is-sued by Beijing Municipal Science & Technology Commission, or the relevant-industry supporting and guiding policies of

Innovation Ecosystem Building in TusPark: Batch Transformation Mechanism of TusPark Nanotechnology Achievements

Herbert Chen1* and Quanhong Shen2

TusPark, Beijing, China

*Correspondence to : Herbert ChenVice President, Tuspark (Tsinghua University Science Park), ChinaE-mail : [email protected]

World Technopolis ReviewCopyright©World Technopolis Association

This is an open-access article distributed under the terms of the Creative Commons Attri-bution Non-Commercial License(http://creativecommons.org/licenses/by-nc/3.0) which permits unrestricted noncommercial use, distribution, and reproduction in any medium, provided the original work is properly cited

WTR 2015;4:247-258 http://dx.doi.org/10.7165/wtr2015.4.4.247

2472015 Copyright©World Technopolis Association

Best Practice for STP

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Best Practice for STP

248 2015 Copyright©World Technopolis Association

Zhongguancun National Innovation Demonstration Zone.“Beijing Nano Zooming Project” was launched recently to

carry out researches on key nano-industrialization technolo-gies, investigate for the batch transformation mechanism, con-struct Nano incubators and common open platforms, and perfect the Nano industrial layout. By 2015, the technologies, human resources, and industries in the field of Nano are ex-pected to have developed in a congregation manner, with one national demonstration base established for the batch trans-formation of nano-technological achievements to realize an-nual output value of more than RMB 20 billion in the nano industry, striving to become a world-class nanotechnology in-novation center and a high-end cluster area leading nanotech-nology industry.

During the construction of nanotechnology industry, a nan-otechnology industrial park was tentatively constructed in 2012 at Huairou Yanqi Economic and Technological Develop-ment Zone. Meanwhile, 34 national research institutions, ac-counting for 1/3 of nano-science and technology resources of China, are gathered in Beijing, including the National Center for Nanoscience and Technology, Tsinghua University, Insti-tute of Chemistry, the Chinese Academy of Sciences, and the Central Iron & Steel Research Institute. They undertake nearly half of national projects every year and their published papers and applied patents account for nearly half of that in China. In 2013, Beijing Huairou Yanqi Industrial Park was approved as a national nano industrial park.

2.3 Incubator--An Effective Carrier for Innovation and Entrepreneurship Services

The incubator, fully named as Business Incubator, was called as Entrepreneurship Center when introduced into China. It is a technological innovation service carrier, which aims to promote technological achievement transformation and develop high-tech enterprises and entrepreneurs. It origi-nated in the middle 1950s and has developed for more than 50 years. The world’s first business incubator was born in 1959 in upstate New York. Its founder Joseph Mancuso acquired a 22-acre abandoned factory, divided it into small blocks, and rented to different enterprises, finally took advantages of fam-ily influence and business channels to help new enterprises survive and develop and attract more venture enterprises through visits, face-to-face business talks, customized services and provision of labors.

Wuhan East-Lake Hi-Tech Innovation Center, the first busi-ness incubator, was founded in June 1987, marking China’s

incubator industry entering rapid development. In December 2012, the State Council issued the 12th Five-Year Develop-ment Plan for the Service Sector and proposed the ideas of vigorously developing science and technology service indus-try, actively developing innovation services, fostering entre-preneurial service format, energetically promoting “incubator + venture investment”, actively developing science & technol-ogy financial services, encouraging innovation in science & technology financial business, establishing science & technol-ogy financial integrated platform, and providing differentiated financial services to enterprises. It is required by the Plan to foster a number of technology service enterprises with strong innovation capacity, high service level, and great leading influ-ence in the “12th Five-Year Plan” period, in order to form a series of technology service industrial bases and clustering ar-eas, which have distinctive characteristics and outstanding advantages. This brings strategic opportunities, as well as higher requirements, to the incubator industry.

3. STRATEGIC UPGRADING OF TUSPARK BUSI-NESS INCUBATOR MODEL

3.1 Successful TusPark Incubation Model

TusPark Business Incubator is the soul of TusPark, serving as an innovation source of the whole Park, and ranked first among the three functions, i.e., entre-preneurial business incubator, technological achieve-ment transformation, and innovative talent training.

—— Mei MengDirector, TusPark Development Center

TusPark Business Incubator was founded in 1999 and incor-porated in 2001, taking “incubator + seed investment” as the development model and specialized incubator as the develop-ment target. The Incubator is listed among the national incuba-tors recognized by the Torch Center, the first batch of pilot agencies of Beijing Science & Technology Platform, the first batch of partners of Haidian District enterprise service system, Beijing small entrepreneurial bases, and Beijing strategic emerging industries incubators. In the past 14 years, TusPark Business Incubator has grown together with the enterprises in the park by integrating innovation resources and establishing entrepreneurship platform, incubated more than 1,000 enter-

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2492015 Copyright©World Technopolis Association

prises, trained a large number of outstanding companies, in-cluding 36 Diamond companies, 9 “Golden Seed Project” enterprises, 64 talents under the “1000-Talent Plan”, “Overseas Talent Pooling Program” and “High-end Leading Talent Pooling Project”, and helped 9 companies successfully go listed.

“4-Focalization” ModelRelying on TusPark as the carrier, TusPark Business Incuba-

tor proposed and practiced the development model cored by “congregation, polymerization, focalization and achievement, providing innovation and incubation services to the enter-prises. In the past decade, domestic business incubators com-monly used this development model as operation model. “Congregation” includes space, enterprise, technology, and talent gathering. Within 720,000m2 in the Tsinghua Science Park, TusPark Business Incubator has gathered nearly 500 high-tech entrepreneurship clusters, multinational R&D insti-tution clusters, financial and investment institution clusters. “Polymerization” covers industry-university polymerization,

industry-industry polymerization, industry-intermediary po-lymerization and government-industry polymerization to cre-ate an entrepreneurial environment, which is fully integrated with innovation resources including government, industry, university, research, finance, intermediaries, trade and media. “Focalization” means to put technologies, talents, capital, mar-ket and other resources into superior industries and enter-prises. With congregation, polymerization and focalization, TusPark Business Incubator has formed the fusion of a num-ber of world-class enterprises, leading core technologies and creative talents.

“Incubation + Investment” ModeTusPark Business Incubator, early at its foundation, devel-

oped an “incubation + investment” model for development and focused on investing high-tech enterprises with the high-est innovation capacity in China. Relying on abundant re-sources of Tsinghua University and TusPark, TusPark Business Incubator has become a leading organization in Tsinghua in-

Fig. 1. TusPark Business Incubator Memorabilia

1999

Tsinghua Pioneer Park was founded.

2002

Tsinghua University Overseas Students Pioneer Park was

established jointly by Tsinghua University

and the Management Committee of

Zhongguancun Science Park.

2005

A service platform for high-tech

enterprises was constructed by

Inspiration Incubator in cooperation with

Haidian District.

2010

Highlander and Digital Video which TusPark Business

Incubator incubated and invested were listed on Growth

Enterprises Market at Shenzhen Stock

Exchange

2012

Beijing small entrepreneurial

base: InnoSpring-the first Sino-US cross-

border incubator

2001

Beijing TusPark Business Incubator

Co., Ltd. was established.

2004

TusPark Public Test Platform

was established.

2007

TusPark Technology Asset

Management Co., Ltd. was renamed

Tus-Venture Capital Management

(Beijing) Co., Ltd.

2011

TusPark Angel Investment

Platform was founded.

2013

An internationalized, financialized and

specialized incubator was established.

TusPark Business Incubator

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dustrial system which focuses on “incubation + investment”. By carrying out seed investment in the early projects, TusPark Business Incubator has actively promoted the industrialization of universities’ technological achievements and completed the investment in dozens of venture companies, which then enjoyed sound growth.

“Diamond Plan” Focalization Mode“Diamond Plan” was launched in accordance with the “4-fo-

calization” mode, aiming to develop high-tech companies with world-class technologies and leading position in the industry. In the Plan, various resources from domestic and foreign uni-versities, enterprises and governments are integrated in terms of capital, technologies, talents and industrial chain, to give full support and assistance to a number of candidate “dia-mond” enterprises, which are elected from TusPark Business Incubator and investment companies, and then develop them to be “diamond enterprises” that own world-class technolo-gies and leading position, with a great influence on the devel-opment of China and even the whole world. Since 2007, Tus-Holdings Company has totally selected 36 diamond enter-prises in 5 batches. At present, 8 have been successfully listed and 4 acquired, all of which have become the innovation pil-lars in the development of all fields.

“Three-Dimension” Incubation ModelTus-Holdings takes full responsibility for the development

and operation of TusPark, and has successfully built a nation-wide innovation system taking Science Park as the carrier. The radiation network covers more than 30 cities and regions. Tak-ing the radiation network as the carrier, Tus-Holdings success-fully implemented the “three-dimensional” incubation model (also called TusPark (Kunshan) Model) for technological achievements and entrepreneurial projects. The first “dimen-sion” means to promote school-enterprise cooperation along with the extension of industrial development and to create an industrial chain. For example, under the impetus of Tsinghua Science Park, Extra-large-tonnage Press Project, one of major research projects of Tsinghua University, is settled in TusPark (Kunshan), and industrial chain is initially formed. The second “dimension” is to build a public platform around local industry. Many manufacturing and equipment enterprises had no innova-tion support in Kunshan, so TusPark (Kunshan) constructed an advanced manufacturing innovation center, established exten-sive connection with the Department of Mechanical Engineer-ing, Department of Precision Instrument, Department of Electronic Engineering and other relevant departments of Tsin-ghua University, promoted the connection of about 30 projects of relevant departments with Kunshan, and implemented more

Name Field Listing, Merger & Acquisition

Duration of Incubation

Time of Investment

Beijing Digital Video Technology Co., Ltd. Electronic Information

Growth Enterprises Market 2000-2010 Year 2001

Beijing Spreadtrum Hi-Tech Communications Technology Co., Ltd.

Electronic Information NASDAQ 2005-2007 Year 2005

Beijing Highlander Digital Technology Co., Ltd. Electronic Information

Growth Enterprises Market 2008-2010 Year 2009

Beijing Voyage Media Co., Ltd. Culture &Media New Third Board 2011-present Year 2011

Beijing Northland Biotech Co., Ltd. Biomedicine New Third Board 2007-2009 Year 2007

Beijing Smartdot Technologies Co. Ltd. Electronic Information Merger & Acquisitions 1999-2011 Year 1999

Beijing Ereneben Information Technology Co., Ltd. Electronic Information Merger & Acquisition 2010-2012 Year 2010

Table 1. Successful Cases under the “Incubation + Investment” Model of TusPark Business Incubator

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than 10 projects. For the third “dimension”, the Park is commit-ted to construction of industrial innovation base on the basis of innovation platform, and introduces siRNA R&D Project of Liang Zicai, the siRNA chief scientist of National “973” Plan under the support of Kunshan municipal government and the impetus of TusPark, then builds biotechnology public service platform and establishes a siRNA industrial innovation base, forming a com-mon perspective of “Kunshan is the right place for nuclear acid study” in the industry.

3.2 TusPark Incubation Model Upgrading - Tus-Star

We believe that the future innovation and develop-ment of technology enterprises are driven mainly by financial service. Whether we can provide the enter-prises with venture capital, business counseling, cor-porate governance counseling, and listing counseling”...Just like the seeding needs soil and more rainwater and sunshine in its growth process, the enterprise also needs its own rainwater and sun-light---financial services.

——Jiwu WangPresident, Tus-Holdings Co., Ltd.

Facing the future, Tus-Holdings has put forward the strategic requirements for incubator upgrading, made all efforts to create an internationalized, financialized and specialized incubator, and proposed innovation plan for Tus-Star. Therefore, the establish-ment of a new nanotechnology-oriented incubator becomes a new attempt in the strategic updating of TusPark Business Incu-bator; in this way, Tus-Star (Nano) Incubator is emerged.

Financialization: to create a financial incubator of Venture Capital + Investment Banking + Incubation

After experiencing the “incubation + investment” stage, TusPark Business Incubator has stepped into the “investment banking + incubation” stage, namely, the investment banking model: financial services which integrates various resources to provide the whole industrial chain to the enterprises, not just investment. In the past 10 years, Tus-Holdings innovated and guided the incubator model of “incubation + investment”. Facing the future, Tus-Holdings proposed the strategic updat-ing of incubator model to improve the supporting capability of financial service in the whole cycle US of enterprise develop-ment. Tus-Holdings and Lenovo invested in Beijing Ereneben for three years and then helped it and Tsinghua Tongfang to

achieve the acquisition, which is a new successful attempt of new incubation model of Tus-Holdings. In this stage, the incu-bator is featured by a throughout business sector “industry, finance, incubation plus listed companies”, forming a compre-hensive operational capacity of “venture capital, investment banking + incubation”. Currently, the financial services plat-form Tus-Financial Group has developed an incubation sys-tem integrated direct investment, credit, investment banking and comprehensive financial services. The capitals and assets under the management of Tus-Venture Capital Management (Beijing) Co., Ltd. are up to RMB 2 Billion, and the investment is oriented toward information technologies, life technolo-gies, clean technologies, creative industries and modern ser-vices. In addition, TusPark Angel Investment Platform controls RMB 200 million, which was invested in the early stage of the “Angel” Program, including TusPark Business Incubator In-vestment Funds, Ginkgo Angel Investment Funds, Tenry Ven-ture Investment Funds, and AAMA Angle Funds.

Specialization: to create a specialized incubator for new nanomaterials, biomedicine, mobile Internet, and other themes

According to national intermediate- and long-term science and technology development plan, taking the construction of an innovation country as a strategic objective, sustainable develop-ment as a strategic direction, and the combat for economic and technological highlands as a strategic priority, the strategic emerging industries are gradually turned to the dominant force in economic and social development, and the priority is given to the development of such industries related to energy-saving and environmental protection, new generation of information tech-nology, biotechnology, high-end equipment manufacturing, new energies, new materials, and new energy vehicles. In June 2013, according to Management Methods for Innovative Indus-try Cluster Pilot Identification (GKFH 2013 No. [230] Docu-ment), the Ministry of Science and Technology has identified and announced 10 industry clusters as the first batch of innova-tive industry cluster pilots, including Mobile Internet Industry Association, Baoding New Energy and Smart Grid Equipment, Wuxi High-Tech Zone Intelligent Sensing System, and Zhuzhou Rail Transportation Equipment Manufacturing.

According to the direction of national focus on the develop-ment of strategic emerging industries, Tus-Holdings gives full play to its own advantages and characteristics in the field of specialized incubator to further enhance the construction of specialized incubator. In 2013, Tus-New Nano Incubator estab-

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lished Nano Science Incubation Base under the support of Beijing Municipal Science & Technology Commission. With nanotechnology regarded as one of the development direc-tions of emerging strategic industries, “Beijing Nano Zooming Project” was proposed in Beijing. Tus-Incubator is located within 5,000m2 in the core zone of TusPark, taking nanotech-nology as the key incubation objective, gathering nanotech-nology achievements, establishing entrepreneurship and incubation base, connecting industrial channel, and further improving nanotechnology industrial chain in Beijing. Tus-In-cubator employs professional service platform, special sup-porting policies and achievement-oriented transformation to provide fast and efficient incubation services for the entrepre-neurs. Until recently, Tus-Incubator has actively promoted and facilitated the Supercapacitor Project of Jisheng Xingtai Tai (Beijing) Technology Co., Ltd. and the first nano-scale “car-bon silk” atomic production line developed by Academician Fan Shoushan, Tsinghua University to settle down in Beijing Nanotechnology Industrial Park in Huairou Yanqi Economic and Technological Development Zone. In addition, Tus-Hold-ings Company conducts the construction of biomedical spe-cialized incubator and mobile Internet specialized incubator with biomedical investment funds and mobile Internet open platform.

Internationalization: to perfect international incuba-tion project undertaking platform

In the course of providing services to innovative entrepre-neurs, we find that the challenge encountered by technologi-cal innovation-oriented enterprises is global competition, so our vision should commit to the global perspective. In the 21st Century, technological innovation has become a strong power to drive the development of the world, and innovation & en-trepreneurship boom has continually lasted for a long time. In order to cope with global market competition, Chinese entre-preneurs, apparently not satisfied with domestic resources, ask for more capitals, technologies and talents around the world. However, many entrepreneurs from the United States look for future markets in China, and they desire more ur-gently for resources, platforms and landing support from China. Meanwhile, many returned overseas students start up companies in China but most resources are introduced from foreign countries, so they have to become a “flying trapeze”. It is all quietly confirmed that incubators need to go abroad to meet new challenges.

Following the formal foundation of InnoSpring, the first Si-

no-US cross-border incubator by Tus-Holdings Co., Ltd., Sili-con Valley Bank, Shui On Group and Northern Light Venture Capital in April 2012, TusPark signed the Understanding Mem-orandum on Cooperation with Zhiguli Valley Technopark in July 2012, and both parties discussed on the incubator con-struction under the framework of the memorandum. In Sep-tember, the delegation of Tus-Holdings visited Imperial College to prepare for the establishment of an incubator in the UK. In 2013, Tus-Holdings Company further accelerated the expansion of international cooperation channels, and signed a strategic cooperation agreement respectively with Korea Gimpo Science Park, Israel Haifa Science Park, and Hong Kong Science Park. With great efforts of Tus-Holdings, an interna-tional platform network undertaking incubator projects has been gradually shaped out.

Networking: to build TusPark Business Incubator net-work system for online and offline interactive support

In order to essentially break the spatial constraints on the development of entrepreneurship incubator, on the basis of the exploration on the reproducibility of incubator operation model, Tus-Holdings gradually forms a spatial incubation sup-port network, which covers main international and domestic innovation zones. Moreover, Tus-Holdings Company also uti-lizes network informationization technologies to establish on-line innovation incubation service platform—Tus-Service Network, further realizing TusPark Business Incubator net-work system for online and offline interactive support.

Tus-Service Network has the following features: taking the network as the carrier to integrate innovation information and elements, constructing a networks to form a standardized management system that is highly integrated with various in-formation, resources and services; the system breaks through the geographical restrictions, facilitates the promotion and replication, and realizes “three breakthroughs” to facilitate the efficient configuration and utilization of resources. Firstly, break through the restrictions of the traditional incubation car-rier. Specifically, take information network as the carrier, put TusPark Business Incubator’s experience into practice, form a standardized model, and promote and copy the model in incu-bation network through “master site - sub-site group”. Sec-ondly, break through the restrictions in data sharing and matching. In detail, unify all interface platforms on the basis of “Cloud Computing” concept to realize data integration and sharing among incubation platforms and effectively promote high-efficiency matching of innovation resources at low cost.

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Thirdly, break through the constraints in geography, industry and other tangible resources. In other words, flexibly and ac-tively realize the online integration of various innovation re-sources including government, industry, university, research, finance, intermediaries, trade and media, according to market changes and business needs, and promote the innovation and upgrading of regional industries through operating incubators.

Innovation incubator: to discover one new incubation model of “integration of four industries” - “Tus-Star”

Since 2009, a number of innovative incubators emerged in China, including Innovation Works, Garage Cafe and Legend Star. Instead of taking physical space as the carrier to gather and incubate enterprises, these incubators promote the estab-lishment and rapid development of the enterprises through early investment, integration of industrial chains and re-sources, establishment of professional technical platforms, counseling of entrepreneurial mentors, and other proactive services. A batch of innovative incubators with new operation mode and strong innovation capability become the most vig-orous new force of business incubator system, initially forming a new pattern of innovation service industry with the participa-tion of state-owned capital, private capital, associations, non-government enterprises, and other social organizations under market-oriented operation.

Based on the traditional incubator model, Tus-Holdings will further combine multi-year experiences to launch the “Tus-

Star” Plan, gather worldwide innovation projects and entre-preneurs which have leading innovative technologies and technology-based business model, and employ new incuba-tion method of “integration of four industries” (incubation service + entrepreneurship training + angel investment + open platform) to gather high-quality entrepreneurial re-sources, train entrepreneurship leading talents, connect “Dia-mond Plan”, and produce a number of world-class influential enterprises. Inspiration to create a chain of financial services to support the entire platform will be the powerful driving en-gine of “Tus-Star” Development Program, similarly, “Tus-Star” combined with “Diamond Plan” will also inspire the work of promoting financial services platform to be an important start-ing point and the carrier.

New Case: Tus-Star (Nano) Specialized IncubatorTo open up the R&D and industrialization path to achieve

true gathering and supporting effects of nanotechnology in-dustries, they should be well linked. Tsinghua Science Park has proposed and implemented a mechanism that takes sci-ence park incubator platform as the core, integrates multiple innovation resources including government, industry, univer-sity, research, finance, intermediaries, trade and media, then innovates and incubates nanotechnology achievements, fi-nally achieves mass industrialization.

One nanotechnology achievement transformation mecha-nism as explored in Beijing, which focuses on science park

Fig. 2. TuswPark Networking

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Fig. 3. the “Tus-Star” Plan

Tus-Star

Entrepreneurship trainingIn reliance on the resources of Tsinghua University

and Tus-Holdings, holding for entrepreneurs to provide mentor matching, entrepreneurship

courses, entrepreneurship salon and other training courses for entrepreneurs

Open platformThrough integration of Tus-Holdings’ internal and

external resources, provide a continuously and fully supported open technological entrepreneurship

platform for entrepreneurs

Angel investmentTus-Holdings incubator initiates a new profit model

for the domestic incubators, and its mature business model will provide more professional investment

services for start-up enterprises

Incubation serviceBased on Tus-Holdings incubator’s service experience in technological entrepreneurship, provide complete

service solutions for start-up enterprises

Fig. 4. Diamond Plan

World-class enterprises

Tus-Star

Diamond Plan

VC, PE

Angel investment

Entrepreneurship training

Project solicitation and screening

Incubation service and open platform connection

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incubator platform, namely, give full play to the leading role of the New Energy and New Material Division of Beijing Munici-pal Science & Technology Commission in policies, the indus-trialization bearing function of Beijing Industrial Park, and serving capacity of various nano-industrialization service inter-mediaries to explore an effective model with effective linkage, governmental guidance and market mechanisms.

Throughout the mechanism, the science park incubator platform is the core driving force. Taking Tus-Star (Nano) Spe-cialized Incubator (or called TusPark Nano Specialized Incuba-tor, the first nano specialized incubator in Beijing), for example, under the support and guidance of Beijing Municipal Science & Technology Commission, TusPark Specialized Incu-bator takes full advantage of research resources from Tsing-hua University, the Chinese Academy of Sciences and other institutions, combines actual business and incubation condi-tions, and learns from the successful experiences of foreign and domestic nano professional incubation platforms to carry out project researches and new nano specialized incubator construction.

New nano specialized incubator highlights on the full indus-trial-chain service, from project R&D stage, achievement trans-formation, to centralized mass incubation. Meanwhile, the whole industrial chain is supported by the feedback and guid-ance of nano industry so as to control R&D direction and real-ize major breakthroughs and efficient incubation. Finally TusPark Specialized Incubator connects project industrializa-tion to Beijing Nanotechnology Industrial Park and other in-dustrial bases, in order to achieve the congregation of nanotechnologies in industrialization stage. With the above measures, the channel to nano industrialization is opened up to make nanotechnology become a true key technology to support the industrial upgrading in Beijing and even in the whole society.

Nano Professional Incubation Base: Under the guid-ance of the Beijing Municipal Science and Technology Com-mission, Tus-Holdings new nano incubator platform was awarded with the plaque for establishment and taken as the executor of promoting nanotechnology achievement trans-formation. Beijing Municipal Science and Technology Com-

Fig. 5. Batch Transformation Mechanism of Nanotechnology Achievement Taking Incubator Platform as Core

Beijing Municipal Science &

Technology Comm

ission

Support & Guidance

Research

Feedback & guidance

Tus-Holdings New Nano Incubator

Early contact Incubation service Industrialization landing

Nano-industry enterprises

Nanotechnology enterprise

Enterprise requiring nanotechnology for industrial upgrading

Financial, intellectual property and other

supporting agencies+

Inculcation service Open

platformAngle investmentEntrepreneurship

training

New centralized incubator

Nano-industry bases

Huairou Yanqi Industrial Park

Tus-Holdings sub park network

Other industrial parks

Industrial connection

Herbert Chen and Quanhong Shen, WTR4(4):247

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Best Practice for STP

256 2015 Copyright©World Technopolis Association

mission is responsible for the management, assessment and support for the identified incubators, encouraging them as market- oriented mechanisms to participate in the transfor-mation of nanotechnology achievements, actively joining the exploration, transformation, investment, industrializa-tion landing and other promotion activities of nano projects. The following picture shows Tus-Star (Nano) Incubator (i.e., TusPark Nano Incubator) which is the first Beijing nano spe-cialized incubator identified by the New Energy and New Material Division of Beijing Municipal Science & Technology Commission. Project Investigation & Review: Relying on the incuba-tor, the investigation mechanisms to establish nanotechnol-ogy achievements and the nano project reserve have been established, followed with reviews for enterprises planned to settle in the incubator and selection of high-quality prom-ising nano incubation projects into the incubator for project incubation. Entrepreneurship Training: Systematic trainings have been provided for nano industrial projects and entrepre-neurs within the incubator through Beijing NanoBusiness Salon, TusPark Entrepreneurship Salon, TusPark Entrepre-neurship Initiative, and other brand series of training activi-ties, so as to help realize the transition from research personnel to entrepreneurs as soon as possible. Venture Capital: TusPark Business Incubator has invested in multiple enterprises for nanotechnology projects, includ-ing Jisheng Xingtai Tai (Beijing) Technology Co., Ltd., Bei-jing UNIFLY Scientific and Technology Company Limited,

Beijing U-Precision TECH Co., Ltd., Hyperstrong Technol-ogy Co., Ltd., Shenogen Pharma Group, Shenzhen Wald Electronics Co., Ltd., Hi-Print Technology Co., Ltd.

Fig. 6. TusPark Nano Incubator

Fig. 7. Review on Enterprises for Entering the Incubator

Fig. 8. Crystal Plaque for Individual Enterprise Settled in the Incubator (Nano Specialized Incubator Reserved Project)

WTR 2015;4:247-258 http://dx.doi.org/10.7165/wtr2015.4.4.247

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2572015 Copyright©World Technopolis Association

S/N Time Theme

1 2012.2.22 Talent Policy Talk

2 2012.3.15 International Patent Application and Foreign Patent Portfolio Strategy

3 2012.4.17 High-end Talent Interview Practical Analysis

4 2012.5.8 Market Promotion Forum on "New Third Board"

5 2012.5.31 Intellectual Property Roundtable Symposium

6 2012.6.20Special Section in Tsinghua Returned Students Pioneer Park of Zhongguancun Returned Overseas Student Top-level

Entrepreneurial Project Promotional Seminar

7 2012.6.22 "Returned Overseas Student Cutting-edge" Salon of Zhongguancun Special Talent Zone

8 2012.7.19 "Attract Investment & Gathering Strength" Venture Capital Experience Exchange

9 2012.12.18 Lecture on China's Capital Market Development and New Development Opportunities for New Third Board

10 2012.12.282012 TusPark Business Incubator's New Enterprise Reception and Plaque Awarding Ceremony Held for Settled

Enterprises

11 2013.1.15 Seminar on Nanotechnology Development Trends and Policy Interpretation

12 2013.3.28 Software Copyright Registration

13 2013.4.18 Talk on Beijing Science and Technology Policies

14 2013.4.25 Business Secret Risk Control

15 2013.5.9 Innovation Fund Application Practices

16 2013.5.23 Financial & Tax Planning Skills for SMEs

17 2013.5.30 Response Plan for Legal Risks in Recruitment, Employment and Probation

18 2013.6.7 Talent Policy Talk

19 2013.6.8 "Tsinghua Venture Industry" Community Foundation Salon

20 2013.6.20 Symposium on Intellectual Property

21 2013.6.27 Interpretation and Training on High-tech Enterprise Designation and Review Policies

22 2013.7.4 Beijing Nano Zooming Project Salon

23 2013.7.18 New Media Marketing Salon

24 2013.7.26 New Settled Enterprise Reception

25 2013.8.1 Training on New Technology & Product (Service) Recognition Policies

26 2013.8.8 "3D Printer Connecting Your Image with All Things" Salon

27 2013.8.15 "Huawei 4G, Not Only a Bit Faster" Salon

28 2013.8.22 Corporate Brand PR Communication - Exchange of News Writing and Photography Skills

29 2013.8.29 Israel Investment Seminar and "Health Care" & "Modern Agriculture" Project Special Roadshow

30 2013.9.5 Sharing of Employment Document Modification and Risk Response Plan

31 2013.9.12 Sharing of Business Photography Skills

32 2013.9.17 Nano Section of New Product Launch in Strategic Emerging Industry Incubation Base

33 2013.10.15 "Talent War - Human Resources and Personnel Training" Courses

34 2013.10.17 Training on Deduction Policy of R&D Expenses in Enterprise

35 2013.10.23Special Section in Tsinghua Returned Students Pioneer Park of Zhongguancun Returned Overseas Student Top-level

Entrepreneurial Project Promotional Seminar

Table 2. Entrepreneurship training activities of TusPark Entrepreneurship Salon

Herbert Chen and Quanhong Shen, WTR4(4):247

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258 2015 Copyright©World Technopolis Association

Through the incubator platform, a batch of nanotechnology achievement projects have been organized to connect with industrialization bases, specifically, employing such means as Tus-Holding Venture Industry, new nano incubator product launch and roadshow of nano project investment.

4. CONCLUSION

By introduction to training activities for Beijing Nano Indus-trial Salon, TusPark Entrepreneurship Salon, TusPark Entre-preneurship Cluster and other series brands in addition to systematic entrepreneurship training provided to nano indus-trial projects and entrepreneurs within the incubator, this Text drives their transformation from research talents to entrepre-neurs as soon as possible as a favorable reference for other parks in transforming technological achievements.

After “investment-plus-incubation”, TusPark Incubator has entered a new stage of “investment bank plus incubation”, i.e. investment bank pattern, which aims to integrate many re-sources rather than just invest and provide full-chain financial service to the enterprises. In addition, through the incubation platform, nano technology achievements are interfaced with industrial base by large scale. The adopted means include Tus-Park Entrepreneurship House, Nano Incubation New Product Release, Nano Project Investment Road show, etc.

This Text also introduces some key nano projects organized by large scale on basis of professional nano incubator as a car-rier. Through professional nano incubator of TusPark, a num-ber of nano technology achievements has emerged on recommendation and acquired funds support.

Beijing Municipal Science and Technology Commission has established a number of new nano incubation platforms and verified the first professional nano incubator in Beijing, Tus-Park New Professional Nano Incubator. There will be more and more professional nano incubator in Beijing and all over the China.

TusPark will keep continue effort, not only the professional nano incubator, but also the professional incubator on Mobile internet, renewable and clean energy, environmental protec-tion, big date and smart city.

Received March 30, 2015Revised November 09, 2015Accept December 14, 2015

Fig. 9. Beijing Nano Business Salon (Activities List (Partial) of TusPark Entre preneurship Salon)

Fig. 10. New Nano Product Launch of TusPark Business Incubator

WTR 2015;4:247-258 http://dx.doi.org/10.7165/wtr2015.4.4.247

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2592015 Copyright©World Technopolis Association

General Guidelines for Authors

A. GENERAL PRINCIPLES

1. Aims General Guidelines for Authors cover general requirements related to paper submission for World Technopolis Review, an international journal published by World Technopolis Associa-tion (hereinafter referred to as WTA).

2. Name and Purpose of Journal WTA’s International Journal is named ‘World Technopolis Re-view’ and published to share research papers on Technopolis (or science park) development and regional innovation strate-gies, lay a foundation for interdisciplinary researches, and con-tribute to sustainable development of Technopolis(or science park).

B. QUALIFICATIONS

3. Paper Submission An author is eligible to submit a research paper when WTA members, the researchers in the field or the Editorial Board acknowledge paper submission rights.

C. SCOPE OF SUBJECT

4. Scope of Subject An author can write and submit a research paper on his or her desired topic in the following two subjects. ① Planning & Development: Urban planning: urban engineer-

ing: architectural planning: architectural engineering, real estate science: regional planning: and regional develop-ment science

② Operation & Management: Public policy: economics: geog-raphy: public administration: self-governing administration: business administration (management of technology): so-ciology: industrial engineering

D. PRINCIPLES FOR PUBLISHING

5. Fitness for Purpose The subject of research papers must be fit for the purpose of World Technopolis Review Publication and must represent original work that is not published elsewhere or in another lan-guage and another version.

6. Plagiarism, Fabrication, Falsification All works shall be free of plagiarism, fabrication, and falsifica-tion.

E. FUNDING & CONFLICT OF INTERESTS

7. Disclosure of Interests Author(s) must disclose all information on research grants / funding and real or potential conflict of interests in the ac-knowledgement section or in an annex.

F. DESCRIPTION OF AUTHOR/CO-AUTHOR

8. Contact Information An author and co-author must be contacted at any time in rela-tionship with the content of research paper. Personal and con-tact information should be disclosed fully to the person in charge of editing.

9. Responsibilities for Submitted Research Papers Authors must take full responsibility for the content of submit-ted research papers.

10. First Author First author refers to the lead author, who contributes most to the content, experiment, or the actual writing of a research paper. If there is more than one eligible first author, they all shall be so regarded and listed as the first authors.

11. Co-author Co-author refers to the authors other than the first author who are responsible for data collection, actual writing of research paper, and research planning. The names of co-authors shall be listed in the order of their contribution.

12. Corresponding Author Corresponding author refers to the author who is responsible for contact with the Editorial Board throughout the review and editing process. If there is a single author of the work, the sin-gle author is the corresponding author.

G. COPYRIGHT AND OPEN ACCESS

13. Open Access Submitted manuscripts are accessible to all WTA members, re-searchers, and the general public at no cost. If used for other

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260 2015 Copyright©World Technopolis Association

General Guidelines for Authors

research, its source should be indicated in an appropriate man-ner and the content can only be used for noncommercial pur-poses.

14. Peer Review & Copyright Transfer Agreement All authors must sign the Peer Review & Copyright Transfer Agreement and submit the Agreement together with the re-search paper to WTA.

15. Peer Review All submitted manuscripts shall go through a double-blind peer review process in which both authors and reviewers re-main anonymous.

16. Copyright Transfer The copyrights of submitted research papers, rights to publish database, and for publication in other materials format - be-longs to WTA since authors agreed to and submit the Copy-right Transfer Agreement to WTA.

H. EDITORIAL PROCESS

17. First Screening of Research Papers Submitted manuscripts are checked for correctness of submis-sion format, reference as well as attached diagrams and tables. Research papers that pass the first screening shall be sent to the Editorial Board for the following review and editing pro-cess.

18. Assigning Reviewers The Editorial Board shall assign reviewers on the basis of sub-ject area and research techniques and shall initiate the review process to ascertain the relevance of the work to the Journal, appropriateness of research planning, and the validity and au-thenticity of papers.

19. Revised version submission In case when reevaluation is required for revised version of research papers, the third-party independent reviewer (for the same subject area) shall review the paper and determine whether to publish the re-submitted paper.

I. SUBMISSION GUIDELINES

20. Originality Submitted manuscripts must be original and not be published elsewhere, except for papers released in the form of a working paper in academic symposia and seminars. Submitted papers are not returned to authors.

21. Paper Submission Authors shall submit a research paper by mail or online at any time of the year without the pressure of a due date. (But pub-lication date may depend on the submission date.)

22. Language and Voice All research papers must be submitted in English only and use the active voice as much as possible. Vague and ambiguous expressions are discouraged.

23. Use of International Unit All units used in the submitted research papers must be based on the International System of Units.

24. Paragraph Alignment The text in the body of the paper shall be in single column format and shall be aligned to the left margin. No connection signs, except for formulas and special characters, shall be used in the text.

J. GENERAL STYLE GUIDE FOR AUTHOR(S)

25. Format Paper Type (Size) and Software: A research paper shall be typed in MS-Word format and printed in letter sized white pa-pers (215.9 mm×279.4 mm) with the text in a single column format. Paper Margin: 1.25 cm (all sides) Font and Space: Times New Roman; 12pt; (body, references, and other data contained in the annex.); double-spaced. Figure(s) and Table(s) Captions: Figure(s) and table(s) shall appear in the middle of the body. Figure captions shall appear centered below the image while table captions shall appear to the left of the table. ·16.9 cm×24.0 cm (full page diagram)·8.0 cm×up to 24.0 cm (column width diagram) Indentation: The first line of every paragraph shall be indent-ed with a single default tab. Tables, figures and pictures inserted in the body of the paper shall be attached as separate files as resolution problems may arise while formatting the layout of images.

26. Content of Title Page Title: A precise and concise phrase should be used to describe the content of the research paper. Unique research tech-niques, proper names of regions or organizations must be in-cluded in the title page in order to differentiate the paper from other papers. Double-blind review: When submitted electronically, the ti-tle page must be a separate file.Author: The names of all authors who responsible for writing pa-pers shall be written in the order of family name and given name.

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2612015 Copyright©World Technopolis Association

Affiliation: The full official name of organization the author belongs to shall be written together with its email address(s), website URL, or social network system. All authors, must dis-close the official name and accurate information of their affilia-tions and the corresponding author must disclose their con-tact information. Abstract: An author shall submit an abstract of less than 200 words about the subject, methodology, and other characteris-tics in a concise and accurate manner. Keyword: An author shall write keywords related to subject, topics and relevant proper names that are to be used for search and indexing based on Subject Heading, Thesaurus and other available tools. Acknowledgement: An author must disclose all research grants, funds, or other financial benefits that might result from the publication of the research paper.

N. REFERENCE AND INDEXES (BOLD, CENTER ALIGNMENT)

27. Reference StyleAll notes are replaced by footnotes, and references related to the content of the research paper must be fully cited in a sepa-rate reference file.

EXAMPLESFamily name, Given name. (Year) Title of monograph (City of

published (printed): Name of publisher(or printer)), Pages. Family name(A), Given name(A), and Family name(B), Given

name(B). (Year) Title of monograph (City of published (printed): Name of publisher(or printer)), Pages.

Family name(A), Given name(A), Family name(B), Given name(B), ........, and family name(Xi), given name(Xi). (Year) Title of monograph (City of publication (printed): Name of publisher(or printer)), Pages.

Family name(A), Given name(A), and Family name(B), Given name(B). (year) “Title of Chapter,” Pages, in edited by Ed-itor’s name, Title of monograph (City of published (print-ed):Name of publisher (or printer)), Pages.

Oh, D.S. (2010) “Case Study in Daedeok Innopolis,” Techo-nopolis Review 12:24-37.

<Online Journal article (with DOI)>Oh, D.S. (2010) “Case Study in Daedeok Innopolis,” Techonopolis

Review 12:24-37. accessed Feb. 22, 2011. doi:10.1000/ 1111111.

<Online Journal article (with URL)>Oh, D.S. (2010) “Case Study in Daedeok Innopolis,” Techo-

nopolis Review 12:24-37. accessed Feb. 22, 2011. http://www. wtanet.org/pub/0289.htm.

<Website>Wikipedia. (2011) “Silicon Valley.” last modified on 23 April.

http://en.wikipedia.org/wiki/Silicon_Valley (Wikipedia 2011).

<Electronic Books>Austen, Jane. (2007) Pride and Prejudice (New York: Penguin

Classics). Kindle edition.

K. REVISION AND WITHDRAWAL OF PAPER(S)

28. Revision RequestsAuthors should not interpret a revision request as a guarantee of ultimate publication.

29. Revision PeriodAn author should revise his or her research paper and submit the revised paper within two weeks in order not to delay pub-lication process after receipt of notification by the Editorial Board.

30. WithdrawalThe research paper shall be subject to withdrawal from publi-cation at any time even after its publication in World Technop-olis Review is confirmed in case when the content is proven to be in violation of the Copyright Transfer Agreement and re-search ethics.

General Guidelines for Authors

Numbered Type of Body (Example)

The Body and References should not contain information that makes the authors easily identifiable.

1. INTRODUCTION(Bold, Center alignment)

1.1 First Chapter (Plain, Left alignment)

1.1.11.1.21.2

2. SCIENCE PARK AND INCUBATION(Bold, Center alignment)

2.12.2

.

.

REFERENCE AND INDEXES(Bold, Center alignment)