In August 2025, Zhejiang VASTECH Technology Co., Ltd. was successfully selected into the Zhejiang "Golden Seed" Growth Enterprise Cultivation Pool by virtue of its outstanding self-developed technologies and remarkable innovation capabilities in the energy storage industry. This selection is not only official recognition of Hanwei's innovation strength, but also means that the company will receive multiple supports in terms of policies, funds and industrial chain resources, which will fully accelerate the industrialization of its technologies.

Zhejiang's "Golden Seed" Program Cultivates Growth Models for Small and Medium-sized Enterprises through Patent Industrialization
Zhejiang's "Golden Seed" Program is an important initiative launched by the provincial government to implement the national intellectual property strategy. It builds a system of "one platform, three-level pools and five chains" — namely, developing an intelligent management platform, establishing a three-tier gradient cultivation pool covering incubation, growth and model enterprises, and integrating resources of the innovation chain, industrial chain, capital chain, talent chain and service chain. The program helps innovative small and medium-sized enterprises improve their capacity for patent transformation and application, and promotes the productization, industrialization and large-scale development of patented products.

Zhejiang VASTECH Technology Co., Ltd. has always focused on innovations in new energy storage, specializing in intrinsically safe electrochemical batteries and supporting high-safety energy storage technologies. Boasting outstanding industrial competitiveness, it has successively obtained honorary qualifications including National Science and Technology-based Small and Medium-sized Enterprise, Zhejiang Provincial Science and Technology-based Small and Medium-sized Enterprise, and Zhejiang Provincial Innovative Small and Medium-sized Enterprise.

During its previous selection into the "Golden Seed" incubation-level cultivation pool, supported by resources from the program, the company accelerated core technology research and patent commercialization. Its self-developed energy storage products achieved dual breakthroughs in intrinsic safety and high-rate cycling, with core indicators reaching internationally advanced levels. The company has obtained a number of domestic and foreign patents in total, and the industrialization prospects of these patents have been widely recognized by the industry. Its upgraded selection into the growth-level cultivation pool represents high recognition of the enterprise's technological innovation achievements, patent conversion efficiency and market development potential during the incubation period.

In the future, Hanwei will continue to take technological innovation as the foundation, further increase R&D investment, deepen industry-university-research cooperation, and promote the conversion of more patented technologies into market-oriented products. Meanwhile, leveraging the industrial chain and capital chain resources of the "Golden Seed" program, the company will expand application scenarios for energy storage products, improve market competitiveness, strive to grow into a model enterprise of the "Golden Seed" program at an early date, and contribute to the high-quality development of the new energy storage industry!