Shanghai asked to do more on innovation

Source: Xinhua | 2017-03-30

SHANGHAI should strengthen support for startups and talent as well as improve management of intellectual property rights to boost innovation and entrepreneurship, local political advisors said yesterday.

These moves will help turn the city into a global tech and innovation center by 2030, the advisors said.

Shanghai has built 18 city-level innovation platforms to support its ambition. The Zhangjiang High-Tech Park has been labeled as the national technology park.

But Shanghai should expend more efforts to create a top Internet company in the city along the lines of Baidu in Beijing, Alibaba in Hangzhou and Tencent in Shenzhen, the members said during a meeting of the Shanghai Committee of the Chinese People’s Political Consultative Conference.

Shanghai has the means to tap the huge potential and opportunities in Big Data, artificial intelligence and industrial Internet in China because the city leads in these sectors nationwide, the advisors said. Shanghai is offering subsidies to attract overseas talents and engineers.

Shanghai should also improve intellectual property rights management. The city aims to build an Asia-Pacific IPR trade center, said Shanghai CPPCC member Zheng Long.