The Beijing E-Town Science and Innovation Bureau recently released the seventh batch of innovative SMEs in the area for the year 2023. 

Eighteen companies, including Beijing NAV Technology Co and Etinpro (Beijing) Co made it to the list, bringing the total number of innovative SMEs in the development area to 359.

What impact does being recognized as an innovative SME have on a company's development? Among the three levels of quality SME cultivation and management in Beijing, innovative SMEs are companies with a high level of specialization, strong innovation capabilities, and development potential. 

They are the foundation of high-quality SMEs and one of the necessary qualifications for applying for specialized and sophisticated new companies. It will also help companies receive more policy support in areas such as policy applications and listing incubation.

As a high-tech enterprise specializing in the research and development and production of satellite navigation, inertial navigation, integrated navigation, unmanned aerial vehicles, and radar series products, Beijing NAV Technology Co considers the mastery of key technology as the core of its development. 

The company has established long-term and close cooperative relationships with several military research institutes and universities and has developed a series of navigation, unmanned aerial vehicles, and radar series products with independent intellectual property rights. 

It has become one of the few product providers in China's private enterprises with the capability to research and develop navigation, unmanned aerial vehicles, and radar simultaneously. 

"With the excellent business environment in Beijing E-Town, we will continue to innovate and develop in the fields of satellite navigation, inertial navigation, integrated navigation, unmanned aerial vehicles, and radar," said a spokesperson for NAV Technology.

Currently, Beijing E-Town has cultivated 359 regional innovative SMEs and 635 specialized and sophisticated new SMEs at all levels. 

In the future, the development area will continue to increase support for SMEs through policy guidance, full-cycle cultivation, and personalized services, explore new development models, and support the high-quality development of industries in the area.