The CAS (Linyi) Innovation Park is located on the eastern section of Fengyi Street in Hedong District. Established with the support of the Beijing National Technology Transfer Center of the Chinese Academy of Sciences, it is a comprehensive science and technology innovation complex jointly developed by Beijing CAS Innovation & Sharing Group andthe Hedong District Government. It serves as a comprehensive science and technology innovation hub integrating services such as innovation and entrepreneurship, technology transfer, talent recruitment, project implementation, venture capital, incubation and acceleration, intellectual property, policy interpretation, startup pitch events, and achievement exhibitions. The park provides a comprehensive suite of science and technology innovation services to both government and enterprises. It has received a total investment of 320 million yuan and features a floor area of 39,000 square meters.