Start-Ups and Innovation Ecosystem in China

Abstract

China plays the dominant role of the ‘whole nation system’, improves start-ups and innovation ecosystems and creates development cornerstone for building an innovative and scientifically advanced country. China strengthens the supply of key innovative factors such as policies, talents and fund and consolidate foundation for building a national innovation ecosystem to provide institutional guarantee for start-up enterprises. Besides, a ‘four-chain integration’ innovative service system is built combining ‘innovation chain’, ‘industrial chain’, ‘capital chain’ and ‘service chain’ and creates an innovative microecology with start-up characteristics. Regional innovation policy is the catalyst for start-ups. China’s start-ups fully integrate into the national grand strategy and target planning of the region and city, strengthen synergy and interaction of national and regional resources and closely connect the core strategies and industries of the city or region to develop start-ups.