09 June 2017
State-owned high-technology company China Aerospace Science and Industry Corp (CASIC) is pinning its hopes on private entrepreneurship and innovation to speed up the commercialisation of the country's space technologies. The company supports more than 6,000 private innovative, entrepreneurial programs that have attracted more than 1.7 billion yuan ($ 250 million) in total funds. It has also set up eight innovation incubators across the country, covering a total of 483,000 square meters. Last year, the output of businesses in those incubators surpassed 40 billion yuan.
MORE...