An innovation and entrepreneurship base, built by Tianjin’s Binhai New Area and Peking University, was unveiled in North China’s Tianjin city on Oct 10, according to the science and technology commission of the Binhai New Area.

Built by Binhai New Area and Peking University, the base will help entrepreneurs by providing services such as training, a business incubator, and an accelerator for development.

The entrepreneur incubator center will provide complete services primarily to early-stage companies with unique technologies.

The enterprise commercial service center will screen the professional organizations established by Peking University alumni and offer services which include finance and taxation, legislation, investment and financing, business consulting, human resources, and government policies.

Together with starters of Peking University's Alumni Fund, the Venture Fund will focus on investing in outstanding projects from the entrepreneur incubator center and the development acceleration center. With the support of the venture fund, the base will be able to explore its long-term sustainable development pattern.

It is estimated by the base's director that more than 1,000 entrepreneurs will be trained in the base. Furthermore, above 500 projects will be collected for the incubator center, among which over 100 projects will be incubated.

The technological cooperation among Beijing, Tianjin, and North China’s Hebei province is being continuously developed. Recently, Beijing and Tianjin have signed an agreement on building the Binhai-Zhongguancun Science Park.

With resources from both Beijing and Tianjin, the science park is expected to be a sustainable top-ranking global modeling project with innovative ideas.