Purpose – Small to medium‐sized enterprises (SMEs) have long been the main carrier of technology innovation and technology transformation in China, and the main force of technological innovation. The “Twelfth Five‐Year” plan puts forward the necessity of stimulating SMEs' innovation...

Purpose Innovation is vital for sustainable regional development. Government is generally not a source of innovation per se, but the authors shows that by establishing and funding an industrial innovation ecosystem, it can create fertile conditions for research institutions to introduce...