A total of 11 BDA-based scientific and technological achievements were recognized at the Beijing Science and Technology Awards Conference held in Beijing on Feb 5, doubling the number of award-winning achievements of last year, according to local media.

Among the 11 award-winning achievements, three won the first prize, five won the second prize and the others took the third prize.

The three first prize winners have generated revenue of some 20 billion yuan ($3.18 billion) for the development area.

Hosted by the people’s government of Beijing, the Beijing Science and Technology Awards is the top science and technology prize in Beijing. First prize winners receive a fund of 500,000 yuan, second prize winners receive 200,000 yuan and third prize winners receive 100,000 yuan.

Constructed in 1992, Beijing Economic-Technological Development Area (BDA for short) was approved by the State Council as the only national economic technological development area in Beijing on August 25, 1994.

BDA has become a high-end tech hub with international influence following more than 20 years of growth, with Fortune 500 companies and world-renowned multinational corporations flocking there.

Now the development area boasts seven innovation research institutes and 40 innovation platforms, and Beijing Venture Capital Investment Service Alliance (BVCISA) was also set up in the area to facilitate innovation.

Beijing Economic-Technological development Area (BDA for short) in Beijing has become a high-end tech hub with international influence. [Photo provided to chinadaily.com.cn]