Group 1 - The establishment of Shanghai Bulaohui Technology Co., Ltd. marks the launch of Shanghai's first elderly care-themed technology incubator, supported by Beijing Qinghe Valley Hard Technology Incubator Co., Ltd. [2] - The incubator aims to leverage the "Xiaomi explosive product model" to create an ecosystem for the elderly care industry, focusing on innovation and technology integration [5][3]. - Qinghe Valley Technology Group, a subsidiary of Xiaomi, is responsible for the operation and construction of the incubator, utilizing a unique product innovation methodology derived from successful tech companies [2][3]. Group 2 - The Minhang District is enhancing its efforts to attract investment in the elderly care technology industry, aiming to develop a national-level and world-class silver economy industrial park [3][7]. - The incubator will provide comprehensive services, including office space, AIOT laboratories, and hardware validation platforms, to support startups in the elderly care sector [5]. - The Shanghai Elderly Care Technology Industrial Park is designed to integrate technology and elderly care, covering an area of 1.3 square kilometers, and will collaborate with top research institutions to foster innovation [7].