{"id":42444,"date":"2025-12-23T14:41:00","date_gmt":"2025-12-23T07:41:00","guid":{"rendered":"https:\/\/thaipropertynews.com\/feeds\/?p=42444"},"modified":"2025-12-23T14:41:00","modified_gmt":"2025-12-23T07:41:00","slug":"shanghai-launches-fuxing-island-as-global-maker-hub","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=42444","title":{"rendered":"Shanghai launches Fuxing Island as global maker hub"},"content":{"rendered":"

SHANGHAI<\/span><\/span>, Dec. 23, 2025<\/span><\/span> \/PRNewswire\/ — A news report from\u00a0<\/i>english.shanghai.gov.cn<\/a><\/i><\/p>\n

\n

\"An<\/a>
An artistic rendering of Fuxing Island.<\/span><\/p>\n<\/div>\n

Shanghai<\/span> officially launched\u00a0Fuxing Island as a Global Maker Island on Dec 18<\/span>, marking a new phase in the transformation of the former industrial site into a hub for innovation, startups, and urban experimentation.<\/p>\n

The launch coincided with the 2025 Shanghai Quantum City Annual Conference, which was held on the island.<\/p>\n

Located along the lower reaches of the Huangpu River, Fuxing Island<\/span> has been under redevelopment since Shanghai<\/span> announced plans last year to build the Quantum City Space-Time Intelligence Innovation Base there.<\/p>\n

Former industrial buildings on the island have been renovated and repurposed, while a steady lineup of cultural and creative events, including the Shanghai Urban Space Art Season 2025 and the 2025 Celebili Music Festival, has helped draw both visitors and innovation-oriented organizations.<\/p>\n

At the conference, Shanghai<\/span> released an action plan for developing Fuxing Island<\/span> into a global maker hub. The plan outlines measures to lower startup costs, accelerate innovation, and foster an open entrepreneurial ecosystem.<\/p>\n

To reduce barriers for early-stage companies, the city will provide office space on the island at subsidized rents capped at 1 yuan<\/span> ($0.14)<\/span> per square meter per day, using renovated industrial buildings.<\/p>\n

About 2,500 apartments will also be made available to entrepreneurs, with monthly rents capped at 1,000 yuan<\/span>.<\/p>\n

Startups may apply for innovation vouchers covering up to 50 percent of contract value, as well as additional vouchers for computing power, AI models, and data resources, with a combined ceiling of 5 million yuan<\/span>.<\/p>\n

To accelerate innovation, the city plans to work with leading companies to develop innovation platforms and recruit incubator operators from around the world.<\/p>\n

Companies engaged in key technology research may receive tiered research and development subsidies of up to 2 million yuan<\/span>, along with access to financial services, pilot application scenarios, and a dynamic evaluation mechanism for incubated projects.<\/p>\n

The plan also places a strong emphasis on openness and talent development. A maker academy and a university innovation alliance will be established to encourage resource sharing, while young entrepreneurs will receive support ranging from mentorship to practical training.<\/p>\n

More former industrial sites and waterfront areas will be converted into public cultural and leisure spaces, and the island will host international conferences, competitions, exhibitions and community events.<\/p>\n

To date, 12 domestic and international incubators and 14 startup companies have settled on Fuxing Island<\/span>.<\/p>\n

Looking ahead, development of the island will focus on three areas: digital intelligence, art and design, and people-centered urban space. Shanghai<\/span> aims to position Fuxing Island<\/span> as a testing ground for quantum city applications and a platform for future urban development, innovation, and global entrepreneurship.<\/p>\n

\u00a0<\/p>\n

<\/div>","protected":false},"excerpt":{"rendered":"

<\/p>\n

SHANGHAI<\/span><\/span>, Dec. 23, 2025<\/span><\/span> \/PRNewswire\/ — A news report from\u00a0<\/i>english.shanghai.gov.cn<\/a><\/i><\/p>\n

\n

\"An<\/a>
An artistic rendering of Fuxing Island.<\/span><\/p>\n<\/div>\n

Shanghai<\/span> officially launched\u00a0Fuxing Island as a Global Maker Island on Dec 18<\/span>, marking a new phase in the transformation of the former industrial site into a hub for innovation, startups, and urban experimentation.<\/p>\n

The launch coincided with the 2025 Shanghai Quantum City Annual Conference, which was held on the island.<\/p>\n

Located along the lower reaches of the Huangpu River, Fuxing Island<\/span> has been under redevelopment since Shanghai<\/span> announced plans last year to build the Quantum City Space-Time Intelligence Innovation Base there.<\/p>\n

Former industrial buildings on the island have been renovated and repurposed, while a steady lineup of cultural and creative events, including the Shanghai Urban Space Art Season 2025 and the 2025 Celebili Music Festival, has helped draw both visitors and innovation-oriented organizations.<\/p>\n

At the conference, Shanghai<\/span> released an action plan for developing Fuxing Island<\/span> into a global maker hub. The plan outlines measures to lower startup costs, accelerate innovation, and foster an open entrepreneurial ecosystem.<\/p>\n

To reduce barriers for early-stage companies, the city will provide office space on the island at subsidized rents capped at 1 yuan<\/span> ($0.14)<\/span> per square meter per day, using renovated industrial buildings.<\/p>\n

About 2,500 apartments will also be made available to entrepreneurs, with monthly rents capped at 1,000 yuan<\/span>.<\/p>\n

Startups may apply for innovation vouchers covering up to 50 percent of contract value, as well as additional vouchers for computing power, AI models, and data resources, with a combined ceiling of 5 million yuan<\/span>.<\/p>\n

To accelerate innovation, the city plans to work with leading companies to develop innovation platforms and recruit incubator operators from around the world.<\/p>\n

Companies engaged in key technology research may receive tiered research and development subsidies of up to 2 million yuan<\/span>, along with access to financial services, pilot application scenarios, and a dynamic evaluation mechanism for incubated projects.<\/p>\n

The plan also places a strong emphasis on openness and talent development. A maker academy and a university innovation alliance will be established to encourage resource sharing, while young entrepreneurs will receive support ranging from mentorship to practical training.<\/p>\n

More former industrial sites and waterfront areas will be converted into public cultural and leisure spaces, and the island will host international conferences, competitions, exhibitions and community events.<\/p>\n

To date, 12 domestic and international incubators and 14 startup companies have settled on Fuxing Island<\/span>.<\/p>\n

Looking ahead, development of the island will focus on three areas: digital intelligence, art and design, and people-centered urban space. Shanghai<\/span> aims to position Fuxing Island<\/span> as a testing ground for quantum city applications and a platform for future urban development, innovation, and global entrepreneurship.<\/p>\n

\u00a0<\/p>\n

<\/div>\n

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