Weihai Torch Hi-Tech Science Park
- Weihai Torch Hi-Tech Science Park Administrative Committee
- Mr Ma
- Huancui, Weihai, Shandong
Weihai Torch Hi-Tech Science Park is a state-level development zone approved by the State Council on March 1991. Located in Weihai's northwest zone of culture, education and science, the Park has the total area of 111.9 square kilometers, the coastal line of 30.5 kilometers and 150,000 residents. It is 3 kilometers away from the city center, 4 kilometers away from Weihai Port, 10 kilometers away from Weihai Railway Station, 30 kilometers away from Weihai Airport and 80 kilometers away from Yantai Airport.
The Park has established such industrial zones as Samsung Electronics, Guangwei Fishing Tackles,Medical Polymer Products, Jinhou, Wanfeng, Precision Printing and Sunfull Electronics, 17 scientific research institutions and 9 universities and institutes for scientific research and start-up firms. With an incubator of 50 thousand square meters, the Pioneering Service Center is recognized as a state-level one by the Ministry of Science and Technology. It has seed fund and science and technology risk fund providing a financing platform for small and medium-sized enterprises. By Oct. 2004, the Park had gained 727 patents and carried out 234 torch, spark and scientific research projects, of which 4 are national " 863" ones. Industrial clusters of electronic information; optical, mechanical and electronic integration; bioengineering and pharmacy; new materials and marine biological technology have taken shape in the Park. The contribution rate of scientific progress to economic growth had reached 48.8%.