The inauguration ceremony of the second phase of Ningbo Zhenhai Angel Industrial Park is held in Ningbo on Dec 4. [Photo/cnnb.com.cn]

The second phase of Ningbo Zhenhai Angel Industrial Park was inaugurated on Dec 4.

It is jointly ventured by Zhenhai District Government, Ningbo Angel Capital Guiding Fund Co Ltd and Ningbo Angel Investment Club.

The park's firs phase which had been put into use in 2018 consists of factories and office buildings, with a combined floorage of over 13,000 square meters.

The second phase, adjacent to the Zhenhai administrative service center is primarily a research and development center.

To date, the park has clustered 20-plus high-tech companies specializing in such sectors as advanced manufacturing, new energy, new materials, electronic information, energy conservation and environmental protection.

The day also witnessed the park's operators reach partnerships with the companies such as Ningbo Shenqing Technology Co and Ningbo Tiancheng Smart Technology Co

Settling down in the park at the end of last year, Shenqing is a company specializing in the research and development of AI cloud services and software products.

Cai Zhiwei, founder of Shenqing, said that the park provides the company with multiple services ranging from financing, business registration to talent recommendation.

The Ministry of Finance recently designed Ningbo as a national demonstration city for entrepreneurship and innovation.