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214 OVC-based firms included in 'new species' enterprises list

Updated: 2021-10-21 (chinaopticsvalley.com) Weibo Weixin Qzone Facebook Twitter More

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The 10th China Innovation and Entrepreneurship Competition announces 543 "new species" enterprises in Hubei. [Photo/WwChat account of Optics Valley of China]

The 10th China Innovation and Entrepreneurship Competition was held on Oct 19 in the East Lake High-tech Development Zone (also known as Optics Valley of China, or OVC), focusing on four fields – new materials, new energy, new energy vehicles, and energy conservation.

In addition, the competition announced 543 “new species” enterprises in Hubei, which are the fastest-growing and most innovative technology companies in Hubei. Among these enterprises, 320 are based in Wuhan, and 214 are based in the Optics Valley, accounting for 66 percent of the city's total.

Wuhan Xiaoyaoyao Pharmaceutical Technology Co was elected as a unicorn company, along with several other firms recognized as potential unicorn companies, including Wuhan Mindsemi Co and Wuhan Elite Optronics Co.

Creative Life China Star Optoelectronics Technology Co was recognized as a moose enterprise, and many other firms, including Wuhan Citms High-technology Co and Wuhan FisiLink Microelectronics Technology Co, were selected as gazelle companies.