Wuxi Set up Tech Development Park

The largest science and technology development park in East China's Jiangsu Province was officially established over the weekend.

The park, located in Wuxi, has gathered 40 high-tech enterprises with registered capital totaling nearly 55 million yuan (US$6.6 million) after 10 new members joined the ranks last Sunday. With start-up capital of 40 million yuan (US$4.8 million), the park has launched a fund to finance small-sized high-tech firms and the priority is given to software and bioengineering businesses.


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