On April 23, 2019, Plug and Play China officially announced that the Yangtze River Delta Headquarters had landed in Shanghai “Zhangjiang Science City” and held a signing ceremony. Witnessed by Shanghai Propulsion Technology Innovation Center Construction Office, Shanghai Science and Technology Innovation Center and Shanghai Pudong New Area Science and Technology and Economic Committee, Plug and Play China and Shanghai Zhangjiang (Group) Co., Ltd. and Shanghai Vanke Enterprise Co., Ltd. signed a cooperation agreement. In 2019, Yangtze River Delta Headquarters would permanently Land in Shanghai “Zhangjiang Science City”. With an area of over 13,000 square meters, Yangtze River Delta Headquarters is scheduled to be put in operation in the fourth quarter of 2019.
Plug and Play, based in Silicon Valley, is one of the world’s earliest and largest technology investment and entrepreneurial accelerators. Plug and Play has established branches in 28 countries and regions. And its investment has helped accelerate over 10,000 startups. In addition, Plug and Play has teamed up with over 300 top investment institutions and 280 multinational corporations. Plug and Play platform boasts a full-fledged scientific and technological innovation ecosystem for identifying, fostering and making investment on “unicorn” enterprises.
After completion, Plug and Play China Yangtze River Delta Headquarters will become Plug and Play’s second largest technology innovation center in the world, with single volume second only to the US Silicon Valley base. With the joint efforts of Plug and Play and its stakeholders, the former Shanghai Regional Center was officially upgraded to “Plug and Play China Yangtze River Delta Headquarters” in 2019. A Full-service Center has been built in the Zhangjiang Science City of Shanghai Free Trade Zone. As the only business center and headquarter in the Yangtze River Delta region, the Full-service Center will be wholly responsible for the development, operation and management of Plug and Play China herein. Plug and Play China believes that the germination of innovation needs to be discovered earlier. Plug and Play China will accelerate and upgrade the industry technology through its unique global innovation platform.
At the signing ceremony, Mr. Hou Jin, Deputy Director of Shanghai Propulsion Technology Innovation Center Construction Office, gave a congratulation message. He sincerely welcomed Plug and Play China Yangtze River Delta Headquarters’ entry in Zhang Jiang. He wished such entry will bring extensive and valuable innovation elements to Zhangjiang Science City. He also hoped that Plug and Play would focus on promoting open cooperation and making positive contributions to the integration and development of technological innovation and entrepreneurship. By fully integrating Zhangjiang's abundant scientific research resources, agglomerated innovative elements and comprehensive support facilities, Plug and Play China, such a cross-border platform with global innovation resources, is capable of creating an open technological innovation ecosystem in Shanghai “Science and Technology Innovation Center” and “Zhangjiang Science City”. Both sides are poised to jointly promote technological innovation and foster new growth points.
Hou Jin, Deputy Director of Shanghai Propulsion Technology Innovation Center Construction Office Delivered a Speech
Huang Lihong, Deputy Director of Shanghai Science and Technology Center, also expressed her heartfelt wishes and expectations for the landing of the regional headquarters. Director Huang pointed out that Zhangjiang Science City is making efforts to build a world’s first-class science city featuring advanced science and technology, environmental and humanistic ecology, and great innovation vitality. With converging innovation resources and remarkable international cooperation results, Zhangjiang Science City has emerged as a shining business card to showcase Shanghai’s innovative and entrepreneurial achievements; Zhangjiang Science City is of utmost significance to develop Plug and Play China Yangtze River Delta Headquarters: such combination will facilitate provision of service for start-ups in Shanghai and Yangtze River Delta region as well as leveraging on Plug and Play’s global technological innovation resources; it can draw on the research strengths of well-known regional enterprises and research institutes, share and integrate vertical resources, and give full play to Plug and Play platform in terms of joining hands with world’s top venture capital institutions. Such move will instill vitality for technology start-ups. Shanghai Science and Technology Center is tasked to coordinate and manage technology start-ups and provide the corresponding public services in Shanghai. We will pay close attention and proactively introduce more famous overseas incubator brands and promote their development in Shanghai.
Huang Lihong, Deputy Director of Shanghai Science and Technology Center Gave a Speech
Onsite, Mr. Yuan Tao, Secretary of the Party Committee and Chairman of Zhangjiang Group, Mr. Chen Hao, Executive General Manager of Shanghai Vanke Co., Ltd., and Mr. Xu Jieping, Managing Partner and CEO of Plug and Play China, signed the Cooperation Agreement on Plug and Play China Yangtze River Delta Headquarters’ entry in Shanghai “Zhangjiang Science City”. The ceremony was witnessed by Mr. Hou Jin, Deputy Director of Shanghai Propulsion Technology Innovation Center Construction Office, Huang Lihong, Deputy Director of Shanghai Science and Technology Center, Mr. Tang Shiqing, Director of Shanghai Pudong New Area Science and Technology and Economic Committee, and Ms. Fu Jun, Deputy Director of Zhangjiang Branch of China (Shanghai) Free Trade Zone Management Committee.
After the signing ceremony, Mr. Xu Jieping made an introduction to the Plug and Play China Yangtze River Delta Headquarters.
Plug and Play attaches great importance to and promotes technological innovation in the Yangtze River Delta region. The landing of this regional headquarters is an important strategic decision of the Silicon Valley headquarters. After completion, Plug and Play China Yangtze River Delta Headquarters will become the Silicon Valley-Based Plug and Play’s second largest technology innovation center..
Mr. Xu Jieping, Managing Partner and CEO of Plug and Play China Delivered a Speech
The regional headquarters’ entry in Shanghai “Zhangjiang Science City” echoes Shanghai's status as a core city in the Yangtze River Delta world-class urban agglomeration, reflecting Plug and Play’s focus and confidence of the innovative elements already gathered and continued to be gathered in Pudong New Area and “Zhangjiang Science City” in the Free Trade Zone. Plug and Play China will be committed to early identification of outstanding technological innovation projects. Based on exclusive regional industrial and environmental advantages, Plug and Play China will use capital and industrial means to promote upgrade and transformation and strive to discover, foster and give rise to more technology start-ups. At the same time, Plug and Play will continue to implement open innovation and advocate cross-border integrated development with a wide range of leading and large-scale enterprises. We are ready to accelerate circulation of resources in the international arena and promote their upgrade and transformation.
Plug and Play also released the space design for the Yangtze River Delta Headquarters, integrating functions such as creation space, large enterprise innovation, regular display of futuristic technology worldwide, open communication and leisure area, global roadshow hall and conference center. The Yangtze River Delta Headquarters is positioned to be a world’s leading science and technology ecosystem and an active platform for delivering innovation results.
Finally, Mr. Xu Jieping sent a sincere invitation to the technology start-ups in the Yangtze River Delta region: “Technology innovation and global delivery reversed for the best you!”