Globally Networked STPs Platform to foster knowledge based regional economy in China

In 1978, China embarked on a policy of reform that opened its doors to the rest of the world, helping to make China an economic superpower. Technology-based economic development & resource-based advantage started to take center stage to drive its economic growth, especially in the exports. In a recent National 12th five-year (20112015) plan aims to shift the worlds second largest economy from an export-driven and resource-based advantage into an innovation-driven global powerhouse. The key to achieving this will be for the nation to enhance the ability of its economy to innovate aggressively. Yet Chinas record on this score is mixed. A dramatically different mind-set is required to develop new models of collaboration in which leaders and professionals as well need to rethink how to recreate places for education, R&D, and sustainable economic development. This paper describes the approaches taken by the Institute (NJU-NYU/POLY Joint Institute for Innovation & Entrepreneurship).