The Taizhou Port Economic Development Zone in Taizhou, Jiangsu province, is stepping up efforts to promote technological innovation, facilitating the rapid growth of technology-driven enterprises.
This year, three companies within the zone were recognized as gazelle companies in Jiangsu province, which refer to new, rapidly expanding, and innovation-focused enterprises. Additionally, one company successfully secured a spot on the list of potential unicorn companies in the province, signaling a promising future.
Among the recently-named gazelle companies is Jiangsu SARCAH Group Co, which independently developed a hinge for embedded refrigerator production, marking a significant achievement in the domestic manufacturing of this product. With an annual output of 5 million units, the product commands a 90 percent market share in its segment within the domestic market.
A plant of Jiangsu SARCAH Group Co. [Photo/WeChat account: gh_1ff53eb21f0a]
Throughout SARCAH's application process for gazelle company status, the zone provided specialized guidance and assistance and helped the company in securing multiple subsidies.
Looking ahead, the zone will continue to drive the seamless integration of technological and industrial innovation, establishing a development framework encompassing "technology-based small and medium-sized enterprises - high-tech enterprises - high-growth enterprises" to foster new quality productive forces.