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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. As a business incubator, Innovation Center has committed itself to cultivating and supporting technology-intensive enterprises and promoting commercialization, industrialization and internationalization of scientific and technological achievements. While having their respective names retained, Innovation Center has merged with Technology Department of CHJ Hi-tech Park corp. since 2007 in order to take advantage of integrated resources.

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.