WUT possesses 27 innovative research centers with international leading level including two State Key Laboratories, a State Engineering Laboratory and provincial or ministerial level laboratories in the areas of new materials, new energy, transportation and logistics, mechatronics and automobile, information technology as well as resources and environmental technology. In recent 10 years, WUT has obtained nearly RMB 3 billion of funding from government and industrial sectors for high-tech research and development, and has made a lot of innovative and important technological achievements. Meanwhile, the University has established its Science Park in Wuhan·China Optical Valley, covering an area of 58.7 hectares, where it has incubated and fostered more than 6 high-tech enterprises based on new materials, fiber optical sensors, high-speed shipping, new energy technology and advanced manufacturing. In 2010, the total revenue of the Science Park reached RMB1.58 billion.