THE third anniversary of Shenzhen Virtual University Park (SZVUP) was celebrated yesterday.

　　Located at the city’s Hi-Tech Industrial Park, SZVUP serves as a platform for Chinese and foreign universities exchange and work to industrialize their R&D achievements. It also serves as an incubator for start-up businesses as well as research and development and training bases for universities.

　　Addressing the ceremony, Liu Yingli, vice mayor of Shenzhen, said that SZVUP had churned out 7,559 master’s degree holders and 382 doctorates. Liu praised it for its capability in industrializing scientific research results and attracting foreign education institutions.

　　So far, SZVUP has incubated 204 start-up enterprises. And 335 projects, 42 R&D centers and production bases along with nine key laboratories have been established there.

　　More than 40 university presidents from the Chinese mainland, Hong Kong and France attended the ceremony.