The central service center of Shanghai Technology Exchange in Wuhan. [Photo/WeChat account of Optics Valley of China]

The Shanghai Technology Exchange unveiled its central service center in the East Lake High-tech Development Zone (also known as Optics Valley of China, or OVC) during the Wuhan Sci-tech Innovation Conference, on Feb 20.

The center is jointly established by the Shanghai Technology Exchange, the valley's administrative committee,  Wuhan Huagong University Science Park Development Co, and the Wuhan science and technology bureau.

As a pivotal technology trading center in Central China, it primarily aims to address the challenges faced by Wuhan, including the lack of an authoritative system for technology authentication and valuation, the absence of institutional support for the transformation of academic and institutional research achievements, as well as the difficulties associated with the transfer of professional scientific and technological achievements.

Wuhan plans to establish the center as a pivotal hub for technology trading and as a demonstration zone for the transfer and transformation of scientific and technological achievements over a five-year period.

As an equity exchange that is licensed by the China Securities Regulatory Commission, the Shanghai Technology Exchange is the first permanent national technology market. It was jointly established by the Ministry of Science and Technology and the Shanghai Municipal People's Government.

The Shanghai Technology Exchange's system for technology authentication and valuation will be introduced to accelerate the establishment of a nationally influential science and technology innovation center in Wuhan, thus creating a vibrant ecosystem for the technological innovation sector.