Tibet sets up tech incubator

A tech incubator was officially open on Wednesday in Lhasa, capital of southwest China's Tibet Autonomous Region.

The incubator, invested by Lhasa Science and Technology Bureau, covers 16,000 square meters, with an investment of 16.2 million yuan (about 2.35 million U.S. dollars), the bureau said.

It provides office space, policy support, legal, financing, and training services for small and medium tech companies in Tibet, said Wanglin, Communist Party Secretary of the bureau.

It has attracted 50 firms working in electronics, artificial intelligence, new energy, healthcare, agricultural technology, finance and software development. The incubator is the largest of its kind in Tibet.

Tibet has vigorously promoted entrepreneurship and technological innovation. It has 27 maker spaces and five tech incubators, which have helped establish about 200 companies.