North Bund Business Incubation Park Becomes One of the 1st Business Incubation Demonstration Bases

By Xin Wen

Recently, the North Bund Business Incubation Park of Hongkou District was awarded the 1st Batch Shanghai Municipal Business Incubation Demonstration Base in the assessment of the 3rd Promising Start-ups.

It’s known that, the North Bund Business Incubation Park, located on No. 391 East Daming Road, was officially opened on February, 2006. Over the years, the Park granted start-uppers who settled in the park various preferential policies, including rent subsidies, petty loans, tax relief and training subsidies, with its main functions being cultivating shipping supporting enterprises, small sci-tech innovative enterprises and assisting the start-up of young intellectuals. Till April this year, 965 start-uppers were on the track of their own business and 387 enterprises in total have received assistance from the Park.