Approved by the Shanghai Municipal Government, Shanghai Caohejing Hi-tech Park Innovation Center was solely invested and run by Shanghai Caohejing Hi-tech Park Development Corporation. Innovation Center has been in operation for over 10 years. According to statistics, 434 technology-intensive enterprises specializing in IT, biotechnology, new materials, OPTO-Mechatronics etc. have graduated from Innovation Center. The success rate amounts to 91.7%. Currently, Innovation Center has registered capital of 65 million RMB. Shanghai Caohejing Hi-tech Park Innovation Center has made lots of breakthroughs. It was the first business incubator in China to have received the certificate of ISO9001 quality system. Furthermore, it was among the first batch of incubators which achieved a virtuous circle under enterprise investment and operation and it was the first innovation center entrusted to hold International Training Workshop for Business Incubator Managers.