A technician from Huauhongbo Travel Electronic Technology Co Ltd assembles 3D printing equipment. [Photo by Tan Huajian]

From a narrow office only about 10 square meters to a big one with 760-square-meters of space, Zhongshan Huauhongbo Travel Electronic Technology Co Ltd has achieved a qualitative leap while in the Zhongshan Torch 01 Co-Creation Technology Business Incubator (01 Incubator).

"Previously, they worked in a town in Zhongshan. After the project evaluation, we suggested that they should move to 01 Incubator. The company was officially incubated in late 2017, and has made great progress in technology R&D and revenue over the past two years," said Liu Yuhua, director of General Management Department of 01 Incubator.

Huauhongbo is one of the star enterprises incubated by 01 Incubator in recent years. The company specializes in the R&D, production and sales of 3D printing equipment. Its operation revenue was less than 1 million yuan before incubation, and the expected revenue this year is 8 million yuan.

"In accordance with their characteristics, we will provide assistance to incubated enterprises in terms of development roadmap formulation when they enter the incubator, so as to develop a common, clear goal between the services we offer and the growth of these enterprises as well as to improve overall incubation efficiency," Liu Yuhua added.

01 Incubator was established in August 2016, with the aim of creating a service platform of "entrepreneurship incubation + enterprise cultivation + financial investment" and providing diversified and comprehensive business services for entrepreneurial teams and enterprises. So far, it has successfully incubated a number of high-quality enterprises, such as Puhuixin Technology, IBD Technology, Titans Intelligent Power, etc.