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Two Enterprises are Finalists for “National Innovation Demonstration”

Recently, the Ministry of Industry and Information Technology of China issued a list of state-level technological innovation demonstration enterprises identified in 2018. After independent declaration, recommendation by local organizations and experts’ evaluation, 68 enterprises have been identified as state-level technological innovation demonstration enterprises. Jiangsu Yangnong Chemical Industry Group Co., Ltd. and Jiangsu Yawei Machine Tool Co., Ltd. joined the list.

Since 2011, the Ministry of Industry and Information Technology and the Ministry of Finance have jointly carried out the identification of national technological innovation demonstration enterprises every year. Up to now, 494 demonstration enterprises have been identified and approved by rolling review. These technological innovation backbone enterprises adhere to high-intensity R&D investment, play a leading role in radiation and provide a strong support for the construction of manufacturing power. At the same time, local industrial and information technology departments actively carry out provincial-level technological innovation demonstration enterprises. The two-level identification system has been formed.

It is reported that the national technological innovation demonstration enterprises adopt dynamic management with a three-year review. Unqualified enterprises will revoke the title, issued a notice and delisted. The assessment makes a comprehensive and systematic evaluation of the enterprises from the aspects of innovation input, talent incentive, innovation cooperation, innovation team building, innovation condition construction, technology accumulation and reserve, technology innovation output, technology innovation benefit, etc.