On June 25, Plug and Play China held Shenzhen Soft Launch of Plug and Play China Summer Summit 2019 & “Here, Innovation Begins” at the International Convention Center of Kexing Science Park, Shenzhen. The event was endorsed by Commerce Bureau of Shenzhen Municipality and supported by Nanshan District Industry and Information Technology Bureau.
A total of more than 200 guests attended the event, including leaders of relevant departments of Shenzhen Municipal Government, representatives of entrepreneurs from Japan, Germany and other countries, representatives of dozens of well-known corporates and startups in the fields of mobility, fintech, real estate tech and Internet of Things, representatives of the academic circle deeply engaged in research on innovation theory. They exchanged views and had in-depth discussions on topics such as the building of technological innovation ecology, corporate development and innovation strategy, and platform innovation cooperation.
Plug and Play China launched innovation program in Guangdong-Hong Kong-Macao Greater Bay Area for its innovation layout
As a pioneer city of China's reform and opening up, Shenzhen has transformed from an obscure southern town into a world-renowned innovation center. 40 years of hard work has condensed the essence of an era and also made the “Shenzhen miracle” unprecedented.
At present, Shenzhen’s GDP ranks third in China, closely behind Shanghai and Beijing, and is among the top five Asian cities. The number of PCT international patent applications ranks first in China, and the number of patents in emerging technology fields such as 5G communication, graphene, robotics and blockchain ranks among the top in the world. Undoubtedly, Shenzhen has become an important technological innovation center integrating capital, scientific research and talents.
Zhao Chen, Managing Partner and Executive Vice President of Plug and Play China
For contributors to technological innovation, Shenzhen is a place with favorable weather, geographical location and people. According to Zhao Chen, Managing Partner and Executive Vice President of Plug and Play China, “in combination with Shenzhen’s vitality, abundant talent, comprehensive innovation and rich industrial accumulation, Plug and Play will attract more startups and talents to come to Shenzhen through our business.”
Plug and Play China launched programs in Guangdong-Hong Kong-Macao Greater Bay Area, which is significant to the development of its global innovation platform. Nanshan District, as a well-known private economy cluster in China, has nearly 380,000 private corporates, with an average of 1 private entrepreneur for every 4 permanent residents. Currently, there are 156 listed corporates. It is also a region where the world’s top innovation and entrepreneurship resources gather at an accelerated rate.
Wang Hurong, Party Member of Nanshan District Government of Shenzhen and Assistant to Head of Nanshan District
As the “host”, Wang Hurong, Party Member of Nanshan District Government of Shenzhen and Assistant to Head of Nanshan District, welcomed representatives of corporates, entrepreneurs, government agencies and investment institutions from all over the world, and extended his warm congratulations on the establishment of Plug and Play South China Headquarters in Shenzhen.
At the summit, Wang Hurong said, “According to the Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area, Shenzhen shall play a leading role as a special economic zone and an innovation-oriented city at the national level, aiming to be an international city and strive to become an innovation and entrepreneurship capital with international influence. As far as I am concerned, the establishment of Plug and Play South China Headquarters will push the integration of Nanshan District into the global innovation network, facilitate the construction of Nanshan World-class Innovative Coastal Urban Center, and facilitate Shenzhen to be an innovation and entrepreneurship capital and a Greater Bay Area International Science and Technology Innovation Center.”
Liu Suhua, Chairman and Secretary of the Party Committee of Shenzhen HTI Group
For many years, Plug and Play has been working with startups, corporates, government agencies and universities to build an ecological platform for technological innovation. It is also inseparable from the ecological cooperation of capital and investment institutions.
Liu Suhua, Chairman and Secretary of the Party Committee of Shenzhen HTI Group, analyzed and introduced Shenzhen’s advantages in capital and business development environment.
“We give priority to industry, combine industry with trade to develop export-oriented economy. Efforts were made to develop the basic hardware and software facilities of the city, and large-scale urban construction was started, involving the construction of transportation, energy and other infrastructure. Through close cooperation with Plug and Play China this time, we hope to connect Plug and Play's global resources with our rich customer resources and market-oriented mechanism, and facilitate industrial transformation and upgrading in Shenzhen.”
Subsequently, Peter Xu, Executive Director and CEO of Plug and Play China, released the Innovative Ecological Strategic Development Plan of Guangdong-Hong Kong-Macao Greater Bay Area of Plug and Play China.
According to Peter Xu, Plug and Play China is committed to creating a leading innovation ecology and making it an organic carrier of Internet innovation. With input of resources, talent and capital, the ecology runs continuously and grows rapidly. Meanwhile, the ecological platform outputs services, technologies, knowledge and corporates for all kinds of entities, realizing the acceleration of innovation and the implementation of achievements, emphasizing the market promotion after the proof of concept, and enabling innovation to gain value in the market.
Peter Xu, Executive Director and CEO of Plug and Play China
Comparing the Silicon Valley Bay Area with the Guangdong-Hong Kong-Macao Greater Bay Area, we can find that the two area have a lot in common. Therefore, Plug and Play believes that Shenzhen can also be a breeding ground for innovation. The theme of the event is “Here, Innovation Begins”. With this as the starting point, Plug and Play China officially starts the preparatory work of innovation ecology in Shenzhen, and will launch its innovation ecology in Shenzhen next year.
Previously, Plug and Play has established regional centers in Beijing, Shanghai and Chongqing, covering cities in the Beijing-Tianjin-Hebei region, the Yangtze River Delta region and the Yangtze River Economic Belt region respectively. In the future, Plug and Play China will focus on technological innovation in different industries based on the economic structure of the Greater Bay Area urban agglomeration in Shenzhen. By taking advantage of the international advantages of this area, we will promote the upgrading and transformation of local industries and build a leading global interconnected innovation center. Among them, we will focus on real estate tech, brand & retail, mobility and other vertical fields in Guangzhou. We will focus on brand & retail, Internet of Things, supply chain and other vertical fields in Shenzhen. We will focus on proptech, fintech, insurtech and other vertical fields in Hong Kong.
Focus on innovation ecology and share the achievements of platform construction
Hu Zaixia, Deputy Director General of Industry and Information Technology Bureau of Nanshan District
Nanshan District has four characteristics, namely strong economic strength and rich high-end resources, strong innovative impetus and Silicon Valley alike, unique charm and international, good business environment and efficient corporate service, said Hu Zaixia, Deputy Director General of Nanshan District Industry and Information Technology Bureau. By further integrating the above business environment advantages and the innovative ecological platform system of Plug and Play, we can promote the development of SMEs and technological innovation-oriented corporates.
City has always played an important role in the global innovative ecological platform of Plug and Play, which is not only a space for innovation, but also a participant in resource integration and exchange and integration. Plug and Play has built innovation platforms in 28 cities around the world according to circumstances.
Started in the bay area of California, Plug and Play has witnessed and participated in the Internet explosion since the end of the 20th century. Twenty years later, Plug and Play settled down in the Guangdong-Hong Kong-Macao Greater Bay Area, hoping to build a new innovation center by combining the efforts of all parties. From the bay area of California to the Guangdong-Hong Kong-Macao Greater Bay Area, we have adopted different strategies in each city and accumulated a lot of experience to share.
At the event site, several guests from the field of business innovation and academic research shared their opinions on innovative ecological construction in Shenzhen and the Guangdong-Hong Kong-Macao Greater Bay Area from various dimensions.
Jeff Chien, Senior Vice President and Partner of Plug and Play China
The roundtable was hosted by Jeff Chien, Senior Vice President and Partner of Plug and Play China. Wu Jingsheng, Senior Consultant of BYD, and Lin Tailai, Operation Director of AutoX China, a quasi-unicorn corporate in Silicon Valley, appeared on the stage. Based on their experience in the field of mobility, they held dialogues from the perspectives of corporation and startup respectively, and discussed the topic of open joint innovation and cross-border acceleration. In addition, David Neave, Corporation Innovation Director of Plug and Play Germany, shared his successful experience in innovative ecological construction of mobility in Stuttgart.
Wu Jingsheng, Senior Consultant of BYD
Lin Tailai, Operation Director of AutoX China
David Neave, Corporation Innovation Director of Plug and Play Germany
In the process of innovation, practice and theory are always combined with each other, no matter in the initial stage or in the bottleneck period of starting up business. Entrepreneurs are constantly learning and updating their knowledge at different levels of business schools. In the event, Dr. Cao Yangfeng, President of Innovation Ecology Research Institute of Plug and Play China, introduced the globalization, ecology and platform of Innovation 4.0, and shared his innovation ecology theory and innovation research results based on years of industry observation.
Dr. Cao Yangfeng, President of Innovation Ecology Research Institute of Plug and Play China
In addition, Qiaodan, Vice President of Plug and Play China, and Chen Siyin, Vice President and Head of Fintech of Plug and Play China, shared their experience in practicing open innovation in many cities nationwide, as well as the future plan to build real estate tech and fintech innovation ecology in Guangdong-Hong Kong-Macao Greater Bay Area.
Qiaodan, Vice President of Plug and Play China
Chen Siyin, Vice President and Head of Fintech of Plug and Play China
Chen Zhixin, Senior Vice President and Partner of Plug and Play China
Finally, Chen Zhixin, Senior Vice President and Partner of Plug and Play China, expressed her expectation for the building of the innovative ecological platform in Guangdong-Hong Kong-Macao Greater Bay Area, and shared the long-term plan to promote the development and technological innovation in the Bay Area together with corporates, startups, investment institutions, universities, scientific research institutions and the people’s government at all levels of Shenzhen.
From June 26 to 27, Plug and Play China continued to hold a series of events related to the Summer Summit in Shenzhen, including “Innovative Technology Selection Week” and “Alliance Ventures Batch 1 Global Partnership Day”. Focusing on real estate tech, Internet of Things, mobility and other vertical fields, these events show the technological innovation ecology in Shenzhen by means of theme sharing, technology presentation and business visit, so as to promote the exchange and sharing of resources within and outside the region.
It is reported that Plug and Play China’s innovation ecology in Guangdong-Hong Kong-Macao Greater Bay Area will be basically completed and relevant businesses will be launched in the first quarter of 2020. At the same time, Plug and Play China will invite corporates, startups, investment institutions, government parks, universities, research institutes and other organization in and around the region to jointly build an open platform, utilize local innovation resources, release innovation potential, and pool the efforts of all parties to build an innovation-oriented city with global vision.