{"id":5461,"date":"2025-12-29T12:02:47","date_gmt":"2025-12-29T12:02:47","guid":{"rendered":"https:\/\/network.rvrising.com\/?p=5461"},"modified":"2025-12-29T12:02:47","modified_gmt":"2025-12-29T12:02:47","slug":"shanghai-launches-fuxing-island-as-global-maker-hub","status":"publish","type":"post","link":"https:\/\/www.rvrising.com\/news\/world\/shanghai-launches-fuxing-island-as-global-maker-hub\/","title":{"rendered":"Shanghai launches Fuxing Island as global maker hub"},"content":{"rendered":"

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

\n

Shanghai officially launched Fuxing Island as a Global Maker Island on Dec 18, 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 has been under redevelopment since Shanghai 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 released an action plan for developing Fuxing Island 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 ($0.14) 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.<\/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.<\/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, 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.<\/p>\n

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

SOURCE english.shanghai.gov.cn\"\"<\/p>\n<\/div>\n

This release is auto-published via PR Newswire; our journal is not responsible for the content.<\/b><\/p>\n

Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

SHANGHAI, Dec. 23, 2025 \/PRNewswire\/ — A news report from\u00a0english.shanghai.gov.cn Shanghai officially launched Fuxing Island as a Global<\/p>\n","protected":false},"author":1,"featured_media":5462,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[92,7],"tags":[],"class_list":["post-5461","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pr-newswire","category-world"],"_links":{"self":[{"href":"https:\/\/www.rvrising.com\/news\/wp-json\/wp\/v2\/posts\/5461","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rvrising.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rvrising.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rvrising.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rvrising.com\/news\/wp-json\/wp\/v2\/comments?post=5461"}],"version-history":[{"count":1,"href":"https:\/\/www.rvrising.com\/news\/wp-json\/wp\/v2\/posts\/5461\/revisions"}],"predecessor-version":[{"id":5552,"href":"https:\/\/www.rvrising.com\/news\/wp-json\/wp\/v2\/posts\/5461\/revisions\/5552"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rvrising.com\/news\/wp-json\/wp\/v2\/media\/5462"}],"wp:attachment":[{"href":"https:\/\/www.rvrising.com\/news\/wp-json\/wp\/v2\/media?parent=5461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rvrising.com\/news\/wp-json\/wp\/v2\/categories?post=5461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rvrising.com\/news\/wp-json\/wp\/v2\/tags?post=5461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}