The laboratory of Ningbo Weimeng Seed Co., Ltd. [Photo by Jin Lu]
By Jin Lu
Recently, Liao Huimin of Ningbo Weimeng Seed Co., Ltd. told our correspondent that thanks to a talented R&D team, the company has taken Zhejiang's top spot in melon and vegetable seed cultivation.
"Last year's sales exceeded 100 million yuan. In 2019, our company's output ranked fourth nationally. It is expected that some of our seeds may even make it into international rankings soon," she added.
Bo Yongming, the founder of Weimeng Seed, was born in Ningbo. After graduating from university in 1992, he was recruited by the Ningbo Seed Company and began to learn about fruit and vegetable cultivation.
In those years, rice farming in Ningbo was developing rapidly, but very few dedicated themselves to fruit and vegetable farming. This inspired Bo Yongming to start his own business.
In August 2012, Bo Yongming left his employer of 20 years and co-founded Ningbo Weimeng Seed Co., Ltd.
Seeds are a critical strategic resource in agricultural development. Those in the agricultural sector often say that whoever develops the best seeds will occupy the high ground in the market and industry.
Through scientific research, Weimeng Seed Company was able to end its dependence on foreign seeds, replacing imported seeds with their independently-developed varieties. In 2016, the company won the title "national high-tech enterprise".
"Most of our products are independently-developed," In Bo Yongming's view, enterprises must consistently recruit top technical talents and cooperate with universities to gain access to the latest technology.
One of Weimeng Seed's partners is Zhejiang University."We need advanced technology, while universities want to work with an application-oriented organization such as Weimeng Seed to commercialize their research results. Thus, such a partnership is a win-win situation for both sides," Bo said.
In 2018, Weimeng became one of the first companies to move into the new Zhejiang Innovation Center in Ningbo, hoping to achieve faster development. "After moving to the center of the city, we have become more attractive to science and technology talents," Bo said that the company benefited a lot from the central location of the Zhejiang Innovation Center, especially its proximity to quality public facilities such as residential neighborhoods, schools, and hospitals.
On average, the company uses 10% of its annual sales revenue on R&D; last year, the figure reached 11%.
In the past five years, the seeds developed by Weimeng Seed were sown over 16.7 million acres of farmland, helping farmers to increase production and income by 3 billion yuan.