The general level of 2017 Beijing business startups and innovations by the general public was further improved, according to a statistics and monitoring report released by Beijing Municipal Bureau of Statistics on October 14, 2018.
The reports shows all index of business startups and innovations by the general public in 2017 rose compared with previous year, in respect of resource, environment, vitality and effect.
Among them, the resource index posted a substantial rise, up 21.2 points compared with that of 2016. Data show Beijing had an active capital market in 2017, with the total angel and VC/PC investment of 486.8 billion yuan (about 70 billion U.S. dollars), an increase of 95.2 percent year on year.
The ownership of invention patents reached 94.5 per 10,000 people, climbing 23.2 percent year on year and the conclusion of contract in technology market totaled 448.5 billion yuan.
In 2017, the under incubation startups and their entrepreneurs had a diverse source, including undergraduates, overseas returnees, scientific and technical personnel, former senior executives of big enterprises and continuous entrepreneurs.
The post 80s and 90s generations made up over a half of the legal representatives of Zhongguancun enterprises. It formed a trend entrepreneurs became younger in average age.
As for mass entrepreneurship and innovation’s service, Beijing registered over 400 service institutes, including over 150 incubators for sci-tech enterprises, 30 university science parks and nearly 300 mass entrepreneurship spaces, which served totally 74,700 enterprises or teams.
In light of mass entrepreneurship and innovation’s result, sci-tech small and micro enterprises’ innovation capacities were strengthened and new drivers of economic development were cultivated and developed.
Beijing’s new economy created a revenue of 908.5 billion yuan in 2017, accounting for 32.4 percent of Beijing’s total GDP.