Chinese Local Government Policies On Hi Tech Projects And Entreprenuership


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My presentation mainly focuses on the current Chinese government\'s local policies on high-tech projects and successful stories of various winning projects from previous year\'s competitions.

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  • Good morning everyone, my name is Natalie Liao. I am a Knowledge Transfer Partnership Associate of the University of York. Currently I am leading a strategic innovation in the Technology Office of the Department of Health. And I am the Secretary General of the China Innovation and Development Association UK which is a main organizer behind the competition.
  • Today, I am going to introduce you about five local cities in China and their government policies with regard to high-tech projects and entrepreneurship, in relation to the performance of last year competition’s six winners from both student and business strands. In addition, I would like to inform you what our association is currently organising and would be happy to receive your feedback or contribution.
  • Local governments have strong appetites to support hi-tech projects. The main objectives of these Scheme are to attract high-level overseas talents, especially those with technology , projects or capital , and to encourage innovation and entrepreneurship. Down south a bit
  • Criterial&benefits
  • Secure funding from Chinese local government, venture capital, private investors and business partners
  • Chinese Local Government Policies On Hi Tech Projects And Entreprenuership

    1. 1. CIDA: Bridging UK and China Natalie Liao 廖瀛 Secretary General 秘书长 China Innovation and Development Association, UK 中英创业发展协会 Knowledge Transfer Partnership Associate The University of York Transcending Boundaries
    2. 2. Outline 1 Chinese Local Government Policies Success Stories from Last Year CIDA: Upcoming Events 2 3
    3. 3. Company Logo Company Logo Local Schemes: Tianjin Hangzhou Wuhan 530 Scheme Wuxi 5050 Scheme A Thousand Talents Scheme 3551 Scheme Shaoxing 330 Scheme Ningbo A Thousand Talents Scheme
    4. 4. Documented Policies: Company Logo
    5. 5. Scale of Schemes: Company Logo Timescale Number of Projects Annual Budget Shaoxing 2010 - 2013 30 No ceiling Wuhan 2011 - 2014 No ceiling 150million RMB/year Wuxi 2009 - 2014 50 No ceiling Hangzhou 2010 - 2015 50 No ceiling Ningbo 2009 – 2014/2019 No ceiling 50million RMB/year Tianjin 2011-2016/2021 No ceiling 35million RBM/year
    6. 6. Criteria: Company Logo <ul><li>Technology </li></ul><ul><ul><li>Patent </li></ul></ul><ul><li>Projects </li></ul><ul><ul><li>photoelectron information industry </li></ul></ul><ul><ul><li>bio-industry </li></ul></ul><ul><ul><li>telecommunication & IT </li></ul></ul><ul><ul><li>e-Business </li></ul></ul><ul><ul><li>clean technology </li></ul></ul><ul><ul><li>modern equipment manufacturing; </li></ul></ul><ul><li>Capital </li></ul><ul><ul><li>Register capital no less than government funding </li></ul></ul><ul><ul><li>Applicant should own more than 30% share of company </li></ul></ul><ul><li>Others </li></ul><ul><ul><li>Applicant work in China no less than 6 months per year </li></ul></ul>
    7. 7. Start-up Funding: No Ceiling Company Logo <ul><ul><li>Hangzhou & Shaoxing: </li></ul></ul><ul><ul><ul><ul><li>Category A: 5million RMB </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Category B: 1million RMB </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Category C: 0.5million RMB </li></ul></ul></ul></ul><ul><ul><li>Wuxi : </li></ul></ul><ul><ul><ul><li>Category A: 1million RMB + 3million VC </li></ul></ul></ul><ul><ul><ul><li>Category B: 600k RMB + 1.5million VC </li></ul></ul></ul><ul><ul><ul><li>Category C: 400k RMB + 1.5million VC </li></ul></ul></ul><ul><ul><li>Ningbo: </li></ul></ul><ul><ul><ul><li>National: 1million – 5million RMB </li></ul></ul></ul><ul><ul><ul><li>Local: 100k – 500k RMB </li></ul></ul></ul><ul><ul><li>Tianjin: </li></ul></ul><ul><ul><ul><li>500k-1.5million RMB </li></ul></ul></ul><ul><ul><li>Wuhan: </li></ul></ul><ul><ul><ul><li>One-off: 5million RMB ( Hi-tech projects: +5million VC) </li></ul></ul></ul>
    8. 8. Loan: Company Logo <ul><ul><li>Hangzhou & Shaoxing: 2-year interest-free loan </li></ul></ul><ul><ul><ul><ul><li>Category A: up to 5million RMB </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Category B: up to 3million RMB </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Category C: up to 2million RMB </li></ul></ul></ul></ul><ul><ul><li>Wuhan: </li></ul></ul><ul><ul><ul><li>50% interest refund (no ceiling) </li></ul></ul></ul><ul><ul><li>Wuxi: </li></ul></ul><ul><ul><ul><li>2-year interest-free loan up to 5million RMB </li></ul></ul></ul><ul><ul><li>Ningbo: </li></ul></ul><ul><ul><ul><li>2-year subsidies up to 3million RMB </li></ul></ul></ul><ul><ul><li>Tianjin: </li></ul></ul><ul><ul><ul><li>Loan guarantee </li></ul></ul></ul>
    9. 9. Other Policies: Company Logo <ul><ul><li>Hangzhou: </li></ul></ul><ul><ul><ul><li>Financial aid: up to 1 million </li></ul></ul></ul><ul><ul><ul><li>Rent reimbursement: 3-year, 500 ㎡ office space + 100 ㎡ apartment </li></ul></ul></ul><ul><ul><li>Wuxi : </li></ul></ul><ul><ul><ul><li>Financial aid: up to 3 million </li></ul></ul></ul><ul><ul><ul><li>Rent reimbursement: 3-year, 100 ㎡ office space + 100 ㎡ apartment </li></ul></ul></ul><ul><ul><ul><li>Technology/Patent: 30% shares </li></ul></ul></ul><ul><ul><li>Ningbo: </li></ul></ul><ul><ul><ul><li>Technology/Patent: 70% shares </li></ul></ul></ul><ul><ul><ul><li>Tax subsidies: year 1: 70%, year 2: 50%, year 3: 30% </li></ul></ul></ul><ul><ul><ul><li>Project team: if more than 3 members, +1 member = +100k (up to 500k) </li></ul></ul></ul><ul><ul><li>Shaoxing: </li></ul></ul><ul><ul><ul><li>Technology/Patent: 30% shares </li></ul></ul></ul><ul><ul><ul><li>Healthcare ‘ green card ’ </li></ul></ul></ul><ul><ul><ul><li>Children can go to public school </li></ul></ul></ul>
    10. 10. 2010 Competition: Winning Projects Fundraising Models: Sources of Funding Investment of 17 million RMB Government Funding Venture Capital Private Investor Partnership 6.5million 8 million 0.5 million 2 million Student track: 13 million Business track: 4 million
    11. 11. 2010 Success Stories: Greedy Intelligence Company Logo
    12. 12. Company Set Up in Hangzhou: Company Logo
    13. 13. 2010 Success Stories: Nanolase Company Logo <ul><li>“ It has been hugely helpful to join in the China-UK Entrepreneurship Competition last year. The organization of the Competition is of very high professional standard and more importantly, provides highly valuable feedbacks from both real entrepreneurs and experts working in the field. In particular the extensive media coverage in China and UK had proved to be instrumental for the fundraising efforts to our project.” ------------ Dr. Fengqiu Wang </li></ul><ul><li>“ 我非常荣幸能够参加中英创业大赛。大赛的 组织非常地专业 ,来自创业家和专业人士的 反馈意见更是相当有帮助 。我们的项目 在融资方面取得的进展大大得益于参加中英创业大赛过程中的媒体报道 ,相信对任何创业项目,这个都是十分具有吸引力的。 ” </li></ul><ul><li>------ 王枫秋博士 </li></ul>
    14. 14. 2010 Success Stories: iiCap <ul><li>“ Since winning the third prize in the ‘ Innovative Business ’ track of the China UK Entrepreneurial Challenge 2009/2010 competition, my company Inclusive Innovations Ltd, in partnership with a Manchester based product development company with close tie to a Chinese manufacturer have started production of a brand new cap accessory called the iiClip. </li></ul><ul><li>Entering the competition has been very beneficial as it enabled me to get help to improve my business plan , as well as creating useful publicity which has subsequently helped in raising investment . Of course the prize money was also very useful too. ” </li></ul><ul><li>----------------Kin Kam </li></ul> Company Logo
    15. 15. CIDA: Upcoming Events <ul><li>2011 Dalian ‘ Haichuang ’ Week </li></ul><ul><li>2011 Guangdong Talent Programme </li></ul><ul><li>Joint event with China British Business Council (CBBC): </li></ul><ul><ul><li>Education Forum: Building Science and Technology Links with China - The Role of Higher Education and Entrepreneurship </li></ul></ul><ul><ul><li>24 May, London </li></ul></ul><ul><li>: </li></ul><ul><ul><li>China Innovation and Development Association ( 中英创业发展协会) </li></ul></ul><ul><ul><li>China UK Entrepreneurship Challenge </li></ul></ul><ul><ul><li> </li></ul></ul>Company Logo
    16. 16. Click to edit company slogan . Thank You ! “ Remember, the path of the entrepreneur is an endurance race! ”