2024-07-17 17:54  

Recently, in the latest jointly released 2024 Hubei Unicorn Enterprise Development Database by the Hubei Provincial Department of Economy and Information Technology and the Provincial Department of Science and Technology, our city's Hubei Teteng New Material Technology Co., Ltd. stood out and was awarded the title of "Seed Unicorn Enterprise", becoming the only enterprise in Xiangyang City to receive this honor in 2024.  

Unicorn enterprises are typical representatives of high-tech, high growth, and high-value enterprises. They are an important indicator of regional innovation vitality and an important engine for regional development of new economy and cultivation of new driving forces. This selection focuses on the innovation strength, market potential, and capital value of enterprises. Hubei TeTeng has won this heavyweight recognition for its outstanding performance in the field of fine chemicals.

Since its establishment in 2021, the company has been deeply engaged in the research and production of dye intermediates, pharmaceutical intermediates, and photoinitiators. It has not only enriched its product line, but also developed a series of high value-added products such as 2,6-dihydroxytoluene, p-aminobenzoic acid, and α - acetyl - γ - butyrolactone. These products have received widespread praise in the market, especially the "2,6-dihydroxytoluene" product, which has been included in the provincial innovation product catalog, winning the company a leading position in the field of new materials.

Hubei TeTeng was able to achieve a post investment valuation of over 100 million yuan in just three years, fully demonstrating the "unicorn" characteristics of the company's rapid growth. This achievement not only marks the success of the company's business model and the effective transformation of technological innovation, but also reflects the continuous optimization of the business environment and support for the development of high-tech enterprises in Yicheng City.

In recent years, Yicheng City has adhered to the service tenet, taken optimizing the business environment as the starting point, and done a good job as a gold medal "shop assistant" for enterprise service, increasing support for enterprises with high growth and innovation capabilities such as Hubei Teteng. At the same time, a gradient cultivation database of "gazelle" - "unicorn" - "moose" enterprises will be established, and the "Opinions on Accelerating the Construction of a Billion dollar Industrial Strong City" will be formulated and issued. Industrial enterprises that are listed as "new species" of science and technology innovation at or above the provincial level, such as "moose", "unicorn", "gazelle", etc., will be rewarded with a one-time reward of 2 million yuan, 1 million yuan, and 100000 yuan respectively. Using "real gold and silver" to promote the vigorous development of high-tech industries in our city, injecting stronger impetus into the economic and social development of Yicheng and even Xiangyang. (Li Feng, Liang Guodong)

Editor: Xiao Fangshuo

Reviewed by: Li Feng and Feng Bo