Zhongguancun Inno Way, a startup in Haidian district, Beijing recently got the thumbs up from national commission officials for its unremitting efforts to creating an entrepreneurial ecosystem.

Lyu Wenbin, vice-director of the Fixed Asset Investment Department under the National Development and Reform Commission (NDRC) led a delegation to tour the Innovation Exhibition Center, Kr Space, and Inno Hall service platforms to learn about the service system they established.

Established three years ago, Inno Way has incubated 1,900 startup teams in the past three years, averaging 1.7 projects each day.

Nearly 40 percent of all the startups have raised funds, totaling 9.1 billion yuan ($1.3 billion). More than 40 unicorn companies – startups valued at over $1 billion (6.87 billion yuan) have been incubated, including 36Kr, a comprehensive service provider for innovative hi-tech enterprises, and computer vision technology provider FACE++.

Lyu Wenbin, vice-director of the Fixed Asset Investment Department of NDRC is shown around Zhongguancun Inno Way to learn about its latest achievements. [Photo/official WeChat account: zgccydj]

Official delegates are detailed on how Inno Way takes an active role in building a whole-chain service system for innovative companies and startups. [Photo/official WeChat account: zgccydj]