Lianchuang Optoelectronics piloted the establishment of collaborative innovation to create an "upgraded version" of LED lighting

On January 7, Jiangxi Science and Technology Department and Bank of Communications signed a comprehensive strategic cooperation agreement to provide financial support for the first five pilot units, and will continue to build an “upgraded version” of Jiangxi's emerging industry innovation. “G20-LED Summit Member Enterprise” Lianchuang Optoelectronics invested “Jiangxi Lianrong New Light Source Collaborative Innovation Co., Ltd.” as the first batch of collaborative innovation pilot units was formally established.

Building a collaborative innovation system

In July 2013, the Science and Technology Department of Jiangxi Province issued the Interim Measures for the Management of Collaborative Innovations in Strategic Emerging Industries in Jiangxi Province. Focusing on the construction of collaborative innovation system, Jiangxi Province has accelerated the transformation of government functions, deepened the open innovation in the field of science and technology finance, and established the rolling development of financial guidance funds and exit mechanisms, and constantly innovated service and supervision models.

As a brand new exploration and experiment, collaborative innovation shoulders the heavy responsibility of Jiangxi's innovation and upgrading in the new era and enhancing the development momentum of emerging industries. The "Measures" clarified that the ten strategic emerging industries in Jiangxi Province are the core, with the leading enterprises in the province as the main body, gathering various related enterprises to participate, and establishing the operation of joint-stock companies.

On January 7, 2014, the first five collaborative innovations were formally established, namely: Jiangxi Lianrong New Light Source Synergy Innovation Co., Ltd., Lianxing Display Innovation Co., Ltd., Hengdong K Engine Cooperative Innovation Research Institute, Fueng Power Battery Co., Ltd., Kewei Synergy Innovation Pharmaceutical Co., Ltd. The five companies are involved in semiconductor lighting, new energy vehicles and power batteries, biomedical, non-metallic materials and other industries.

Funds help to set sail

The formation of collaborative innovation is like building a "innovative aircraft carrier." On December 20, 2013, Lianchuang Optoelectronics announced the announcement of foreign investment, and invested 65.5 million yuan to establish “Jiangxi Lianrong New Light Source Collaborative Innovation Co., Ltd.”, which is mainly engaged in research and development of semiconductor lighting source technology, with a shareholding ratio of 81.875%. The two partners are Jiangxi Yuanrong Photoelectric Co., Ltd. and Yanchuang Optoelectronics Technology Co., Ltd., with shares holding 16.25% and 1.875% respectively.

The innovation management system and the market-oriented operation mechanism are the key to the sustainable development of the “innovation aircraft carrier”. The Science and Technology Department of Jiangxi Province, together with the Provincial Department of Finance, clearly gave financial support to each collaborative innovation. As one of the first leading companies in the innovation industry, Lianchuang Optoelectronics is in line with the development needs of strategic emerging industries in Jiangxi Province. In the follow-up, Jiangxi Provincial Finance will guide the capital of 20 million yuan, and the local municipal government will support 20 million yuan of financial funds. It will fully support Lianchuang Optoelectronics' "innovation body" to set sail, and the government will not participate in the company's internal management and decision-making.

Lianchuang Optoelectronics Co., Ltd. is the first optoelectronic listed company in China, and has established a complete industrial chain from LED epitaxial wafers, chips, devices to backlights, full-color displays, semiconductor lighting sources, etc., in Nanchang, Jiangxi, Ji'an, Jiangxi, Xiamen, Fujian has built three major industrial manufacturing bases. The complete and complete industrial chain enables the company to quickly provide the required products to the market, with continuous cost reduction and effective quality control.

The company's scientific and technological achievements and technology patents have been remarkable, and provincial-level technology centers such as semiconductor lighting and optoelectronic cables have been established. In 2012, the company obtained 11 national patents and 126 patents. At present, the company is developing new products such as power infrared LED epitaxial chips, LED packages for lighting and TV backlights, and intelligent lighting control systems. It is worth mentioning that Lianchuang Optoelectronics is also involved in the field of infrared technology, and its research and development in the field of infrared LED epitaxial materials and chip devices is at the domestic advanced level.

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