{"id":42280,"date":"2025-12-23T07:41:00","date_gmt":"2025-12-23T07:41:00","guid":{"rendered":"http:\/\/www.prnasia.com\/story\/archive\/4853022_CN53022_0"},"modified":"2025-12-23T07:41:00","modified_gmt":"2025-12-23T07:41:00","slug":"shanghai-launches-fuxing-island-as-global-maker-hub","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=42280","title":{"rendered":"Shanghai launches Fuxing Island as global maker hub"},"content":{"rendered":"<p><span class=\"legendSpanClass\"><span class=\"xn-location\">SHANGHAI<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Dec. 23, 2025<\/span><\/span> \/PRNewswire\/ &#8212; <i>A news report from&nbsp;<\/i><i><a href=\"https:\/\/english.shanghai.gov.cn\/\" target=\"_blank\" rel=\"nofollow noopener\">english.shanghai.gov.cn<\/a><\/i><\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder3747\" readability=\"7\">\n<p><a href=\"https:\/\/mma.prnasia.com\/media2\/2850998\/fuxing.html\" target=\"_blank\" rel=\"nofollow noopener\"><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2850998\/fuxing.jpg?p=medium600\" title=\"An artistic rendering of Fuxing Island.\" alt=\"An artistic rendering of Fuxing Island.\"><\/a><br \/><span>An artistic rendering of Fuxing Island.<\/span><\/p>\n<\/p><\/div>\n<p><span class=\"xn-location\">Shanghai<\/span> officially launched&nbsp;Fuxing Island as a Global Maker Island on <span class=\"xn-chron\">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<p>The launch coincided with the 2025 Shanghai Quantum City Annual Conference, which was held on the island.<\/p>\n<p>Located along the lower reaches of the Huangpu River, <span class=\"xn-person\">Fuxing Island<\/span> has been under redevelopment since <span class=\"xn-location\">Shanghai<\/span> announced plans last year to build the Quantum City Space-Time Intelligence Innovation Base there.<\/p>\n<p>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<p>At the conference, <span class=\"xn-location\">Shanghai<\/span> released an action plan for developing <span class=\"xn-person\">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<p>To reduce barriers for early-stage companies, the city will provide office space on the island at subsidized rents capped at <span class=\"xn-money\">1 yuan<\/span> <span class=\"xn-money\">($0.14)<\/span> per square meter per day, using renovated industrial buildings.<\/p>\n<p>About 2,500 apartments will also be made available to entrepreneurs, with monthly rents capped at <span class=\"xn-money\">1,000 yuan<\/span>.<\/p>\n<p>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 <span class=\"xn-money\">5 million yuan<\/span>.<\/p>\n<p>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<p>Companies engaged in key technology research may receive tiered research and development subsidies of up to <span class=\"xn-money\">2 million yuan<\/span>, along with access to financial services, pilot application scenarios, and a dynamic evaluation mechanism for incubated projects.<\/p>\n<p>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<p>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<p>To date, 12 domestic and international incubators and 14 startup companies have settled on <span class=\"xn-person\">Fuxing Island<\/span>.<\/p>\n<p>Looking ahead, development of the island will focus on three areas: digital intelligence, art and design, and people-centered urban space. <span class=\"xn-location\">Shanghai<\/span> aims to position <span class=\"xn-person\">Fuxing Island<\/span> as a testing ground for quantum city applications and a platform for future urban development, innovation, and global entrepreneurship.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SHANGHAI, Dec. 23, 2025 \/PRNewswire\/ &#8212; A news report from&nbsp;english.shanghai.gov.cn An artistic rendering of Fuxing Island. Shanghai officially launched&nbsp;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. The launch coincided with the 2025 [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-42280","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Shanghai launches Fuxing Island as global maker hub - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=42280\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shanghai launches Fuxing Island as global maker hub - My Blog\" \/>\n<meta property=\"og:description\" content=\"SHANGHAI, Dec. 23, 2025 \/PRNewswire\/ &#8212; A news report from&nbsp;english.shanghai.gov.cn An artistic rendering of Fuxing Island. Shanghai officially launched&nbsp;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. 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