The Zhongguancun Information Security Industry Alliance was recently set up, as was the Zhongguancun National Information Security Innovation Base, and Beijing Zhongguancun Information Security Venture Capital Fund.

Fuhua, deputy secretary general of the Beijing Municipal CPC Committee took part at the founding ceremony.

The industry alliance was co-founded by domestic authorities and leading enterprises in information security industry. Six key companies and departments took the lead, including Beijing Tips Technology Ltd, Qihu 360 Technology Ltd, Run Technology Ltd, Netinorder Technology Ltd, the Confidentiality Qualification Certification Center for Defense Technology Industry, and the Zhongguancun Achievements Exchange Center.

The alliance has one platform, two committees, four organizations and four centers to support its operation. It will incorporate 36 legal entities at the beginning, most of which are key enterprises in the domestic information security field, representing the highest information security technology providers in China.

The Zhongguancun National Information Security Innovation Base is located in the Zhongguancun Dongsheng Science Park. It will provide a one-stop service for technology innovation and research by linking information security research institutions along with testing and certification organizations in Beijing.

Three members of the alliance became the first to set up at the base, with about 1 billion yuan's ($164.8 million)?worth of investment. According to estimates, the production value of the base will reach 10 billion yuan by 2016, and become the largest information security innovation base in China. By 2020, it will be transformed into an international industrial cluster innovation base with a dominant market of soft hardware core technology and a clear industrial chain.

In addition, the Beijing Zhongguancun Information Security Venture Capital Fund was co-founded by Beijing Zhongguancun Dengling Investment Fund Management Ltd and Beijing Dengpu Information Technology, with a capital of 80 million yuan. It will be used in supporting small and medium-sized companies or those at initial or middle development stage in the information security field.

Edited by Chen Zhilin and Brian Salter