Recently, the Science and Technology Department of Jiangsu Province announced the list of technology companies were incorporated in the database of cultivation plan for listing. Seventeen companies from Wuxi were successfully selected, including the well-known local company-Tysim Piling Equipment Co., Ltd. This recognition highlights the high level of acknowledgment for the three companies in terms of technological innovation and R&D capabilities. It also serves as an affirmation of the efforts in technological innovation in Wuxi.

Cultivation plan for technology companies listing in Jiangsu Province

As far as we know, this cultivation plan is an initiative established by the Science and Technology Department of Jiangsu Province to promote technological innovation, enhance the research and development capabilities of enterprises, and facilitate the transformation of scientific and technological achievements. It focuses on high-tech industries and selects a group of high-growth technology companies with well-established governance structures, outstanding business operations, strong competitiveness, and potential development for incorporation in the database of cultivation plan. The goal is to facilitate the entry of these high-tech enterprises into the stock market, providing financing channels and fostering effective connections between enterprises and multi-level capital market.

Tysim Piling Equipment Co., Ltd

Tysim, as the third batch of nationally recognized "Little Giant" enterprises specializing in innovation and development, is a company that has focused on technological innovation and the research and development of small and medium piling machinery for a decade. The company boasts a high-quality research and development team, continuously introducing new products with independent intellectual property rights. With over 60 core patents and utility model patents, Tysim has developed several customized new products that fill industry gaps. Notably, the company has customized and developed a series of drilling rigs for the State Grid, addressing the construction challenges associated with the prolonged reliance on manual excavation in the construction of power grids. This has significantly improved the safety and efficiency of foundation construction for power transmission lines, contributing to the "mechanization" of power construction in China. Being incorporated for the database of cultivation plan is a recognition of Tysim’s efforts in technological innovation and research and development

In recent years, the Science and Technology Bureau of Wuxi has consistently strengthened the coordinated development of activities such as the evaluation of technology-based small and medium enterprises, recognition of high-tech enterprises, selection of gazelle enterprises, and cultivation of unicorn enterprises. This has further improved the quality of services and administrative efficiency, accelerating the development of technology enterprises towards listing. Simultaneously, efforts have been continued to increase the support for the cultivation of technology innovation enterprises, creating a broader development platform for more outstanding companies. This aims to boost the vigorous development of technology innovation of Wuxi. With the support of the provincial cultivation plan, it is believed that Tysim will accelerate its own technological research and development processes, enhance product quality and market competitiveness, and contribute to the high-quality development of the piling machinery industry.