|By Business Wire||
|January 11, 2013 09:30 AM EST||
The Tianjin Economic-Technological Development Area (TEDA) claimed the top ranking among the country's scores of industrial parks for the fifteenth year in a row. However, as China's oldest industrial development zone, TEDA did not finish first again by mere chance.
"Championship is more than just being the best right now, it's about investing to be the best tomorrow as well," TEDA Director He Shushan noted, adding that ever since its creation in 1984, the park has never rested on its laurels.
"For example, TEDA has built itself into one of the most technologically advanced pieces of real estate in the world, offering out-of-the-box solutions and blueprints for the next generation of investors," Shushan said.
TEDA beat about 90 rivals to top the rankings, which were published in December. Awarded the top mark in the all important indicator of economic soundness, TEDA was also ranked first for all sub-indicators, including gross productivity, total industrial value, fiscal income and actual use of foreign direct investment. The rankings were based on five pillar categories: economic soundness; mechanism innovation; tech innovation; social development; and eco-environment. TEDA was also ranked first for mechanism innovation and placed among the top 5 in the other three categories.
Since 2000 TEDA has officially made technology investment a priority. Subsidies amounting to five percent of the zone's revenues have been reinvested in tech infrastructure, a move that has produced over 2,500 patents.
Meantime, TEDA has offered grants worth millions of renminbi to incubate a wide range of companies, including startups, growing companies and developed-companies, respectively.
And all that investment will pay off. By 2015 TEDA expects the value of its electronics information industry to reach about 250 billion renminbi.
TEDA's innovations on behalf of its tenants also extend to pioneering funding options. Under a new pilot program TEDA supports and boosts new- and high-technology companies to use their patents, trademarks, authorship rights and other intellectual property as collateral to apply for what might be elusive bank-funding. Occasionally TEDA offers matching grants as well.
One such beneficiary is Bonna-Agela Technologies Inc., a company that serves chemists and biochemists in the fields of drug discovery, food analysis, pharmaceutical testing, environmental analysis and chemical research. The company received a loan of 10 million renminbi from the Dalian Bank in 2010 through a patent-as-collateral lending arrangement.
In the first 11 months of 2012 alone, TEDA's pilot funding program has attracted hundreds of financial institutions as partners and 38 companies have directly benefited from loans amounting to more than 293 million renminbi.
Binhai Cloud Computing Park, with 500,000-server capacity, is another flagship incubator and accelerator behind the zone's tremendous initiatives to develop the cloud computing sector.
"During China's 12th five-year-plan period, Binhai aims to invest five billion renminbi into cloud computing services and infrastructure," said Zou Fang, Deputy Director of the TEDA Investment Promotion Bureau. "These investments include details like the 890,000-square-kilometer park's ample and redundant fiber, reliable power to support the data centers and other mission critical facility."
TEDA has also arranged for its could computing park partners to enjoy negotiated discounted rates from China's telecom suppliers, a benefit that allows even larger efficiencies of scale, she added.
The focus led innovative groups to call TEDA home, including a shining portfolio of corporate, governmental and institutional tenants – such as Tianjin International Joint Academy of Biotechnology and Medicine (TJAB), the National Research Center of Nanotechnology and Engineering, as well as Binhai Software and Service Outsourcing Alliance (BOSA).
Ranked the world's fastest supercomputer in 2010, TEDA's Tianhe-1A Computer has developed a cloud computing platform that supports demands for 3D animation, oil exploration, industrial machinery and pharmaceutical R&D, simulative analytics, system forecasting, data mining and financial risk modeling. Both Tianjin Meteorological Bureau and the National Offshore Oil Corporation have started trials with the Tianhe-1A supercomputer, which, according to a listing maintained by the University of Tennessee, was 40% faster than the world's No.2 supercomputer.
TEDA offers such a robust and high-tech eco-system that IBM partnered with TEDA in 2003 to set up its SaaS and laaS data service joint venture called I@T. Under the partnership TEDA frequently organizes symposiums where its corporate clients, including IBM cloud computing experts, can gather and exchange notes. And as Tianjin evolves into one of northern China's financial service centers, I@T will be perfectly positioned to service the banking industry, which requires above-average data security and greater systems customization.
The partnership is a win-win, said Liu Yang, the joint-venture's head of marketing. "We were able to be actively engaged in planning the blueprint for cloud computing for the zone," he said. "So it's really about two-way communication and service offerings that cater to real-world demand."
I@T is not alone. TEDA is also home to Tencent's first-ever cloud computing center. The group operates the wildly popular instant-messaging platform called Tencent QQ, as well as one of the world's most active web portals, QQ.com. Tencent holds 29 patents directly related to cloud computing, all of which are in use in TEDA.
In addition, Hewlett-Packard has based its global cloud computing hub in TEDA, while Standard Chartered Bank has set up one of its three hubs there, from which it can service its global clients.
"TEDA will continue to engage in innovation to create a better investment environment for its partners — one that will move upward along the value chain and fulfill our promise of excellence," Shushan said.
The stakes could not be higher. Parks like TEDA will only become more important as China continues on its path away from low-cost manufacturing to an economy based on greater levels of automation and innovation.
"Many countries have been suffering from the 'middle-income trap' since World War II," noted Justin Yifu Lin, former chief economist and senior vice president of the World Bank. He was invited to deliver a world economic-outlook report at Peking University in October.
"Industrial upgrading including technological innovation has been the key factor helping emerging economies in Asia such as South Korea get around the middle-income trap and keep sustained economic growth," he further elaborated.
And as the cost of inputs rise and gradually erode China's low-cost competitive advantage in the global economy, the necessity of having innovative industrial parks like TEDA will only grow, said Trish Saywell, a former reporter covering China at Dow Jones' Far Eastern Economic Review and Asian Wall Street Journal. "Tech-innovation and production-networked incubators are primed for growth now in China," she noted. "This will give China an advantage even if foreign capital migrates to lower cost centers."
SYS-CON Events announced today that MangoApps will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device.
Jul. 28, 2016 02:15 AM EDT Reads: 1,386
IoT is rapidly changing the way enterprises are using data to improve business decision-making. In order to derive business value, organizations must unlock insights from the data gathered and then act on these. In their session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, and Peter Shashkin, Head of Development Department at EastBanc Technologies, discussed how one organization leveraged IoT, cloud technology and data analysis to improve customer experiences and effi...
Jul. 28, 2016 02:00 AM EDT Reads: 2,040
The IETF draft standard for M2M certificates is a security solution specifically designed for the demanding needs of IoT/M2M applications. In his session at @ThingsExpo, Brian Romansky, VP of Strategic Technology at TrustPoint Innovation, explained how M2M certificates can efficiently enable confidentiality, integrity, and authenticity on highly constrained devices.
Jul. 28, 2016 01:45 AM EDT Reads: 1,097
In today's uber-connected, consumer-centric, cloud-enabled, insights-driven, multi-device, global world, the focus of solutions has shifted from the product that is sold to the person who is buying the product or service. Enterprises have rebranded their business around the consumers of their products. The buyer is the person and the focus is not on the offering. The person is connected through multiple devices, wearables, at home, on the road, and in multiple locations, sometimes simultaneously...
Jul. 28, 2016 01:15 AM EDT Reads: 815
“delaPlex Software provides software outsourcing services. We have a hybrid model where we have onshore developers and project managers that we can place anywhere in the U.S. or in Europe,” explained Manish Sachdeva, CEO at delaPlex Software, in this SYS-CON.tv interview at @ThingsExpo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 28, 2016 01:00 AM EDT Reads: 1,609
"We've discovered that after shows 80% if leads that people get, 80% of the conversations end up on the show floor, meaning people forget about it, people forget who they talk to, people forget that there are actual business opportunities to be had here so we try to help out and keep the conversations going," explained Jeff Mesnik, Founder and President of ContentMX, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 27, 2016 10:30 PM EDT Reads: 1,407
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
Jul. 27, 2016 10:00 PM EDT Reads: 2,665
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discussed how businesses can gain an edge over competitors by empowering consumers to take control through IoT. He cited examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He also highlighted how IoT can revitalize and restore outdated business models, making them profitable ...
Jul. 27, 2016 09:45 PM EDT Reads: 2,003
"delaPlex is a software development company. We do team-based outsourcing development," explained Mark Rivers, COO and Co-founder of delaPlex Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 27, 2016 08:00 PM EDT Reads: 2,034
We all know the latest numbers: Gartner, Inc. forecasts that 6.4 billion connected things will be in use worldwide in 2016, up 30 percent from last year, and will reach 20.8 billion by 2020. We're rapidly approaching a data production of 40 zettabytes a day – more than we can every physically store, and exabytes and yottabytes are just around the corner. For many that’s a good sign, as data has been proven to equal money – IF it’s ingested, integrated, and analyzed fast enough. Without real-ti...
Jul. 27, 2016 07:30 PM EDT Reads: 1,109
I wanted to gather all of my Internet of Things (IOT) blogs into a single blog (that I could later use with my University of San Francisco (USF) Big Data “MBA” course). However as I started to pull these blogs together, I realized that my IOT discussion lacked a vision; it lacked an end point towards which an organization could drive their IOT envisioning, proof of value, app dev, data engineering and data science efforts. And I think that the IOT end point is really quite simple…
Jul. 27, 2016 06:45 PM EDT Reads: 1,179
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
Jul. 27, 2016 06:45 PM EDT Reads: 2,069
A critical component of any IoT project is what to do with all the data being generated. This data needs to be captured, processed, structured, and stored in a way to facilitate different kinds of queries. Traditional data warehouse and analytical systems are mature technologies that can be used to handle certain kinds of queries, but they are not always well suited to many problems, particularly when there is a need for real-time insights.
Jul. 27, 2016 04:30 PM EDT Reads: 1,879
Big Data, cloud, analytics, contextual information, wearable tech, sensors, mobility, and WebRTC: together, these advances have created a perfect storm of technologies that are disrupting and transforming classic communications models and ecosystems. In his session at @ThingsExpo, Erik Perotti, Senior Manager of New Ventures on Plantronics’ Innovation team, provided an overview of this technological shift, including associated business and consumer communications impacts, and opportunities it ...
Jul. 27, 2016 04:30 PM EDT Reads: 213
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
Jul. 27, 2016 04:15 PM EDT Reads: 1,144
Is your aging software platform suffering from technical debt while the market changes and demands new solutions at a faster clip? It’s a bold move, but you might consider walking away from your core platform and starting fresh. ReadyTalk did exactly that. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, will discuss why and how ReadyTalk diverted from healthy revenue and over a decade of audio conferencing product development to start an innovati...
Jul. 27, 2016 04:00 PM EDT Reads: 1,070
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
Jul. 27, 2016 04:00 PM EDT Reads: 1,744
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, discussed the importance of WebRTC and how it enables companies to focus...
Jul. 27, 2016 03:30 PM EDT Reads: 977
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
Jul. 27, 2016 11:00 AM EDT Reads: 738
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.
Jul. 27, 2016 10:30 AM EDT Reads: 1,234