chinese local government policies on hi tech projects and entreprenuership
DESCRIPTION
This 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 China-UK Challenge (http://www.chinaukchallenge.com/).TRANSCRIPT
L o g o
CIDA: Bridging UK and China
Transcending Boundaries
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 AssociateThe University of York
L o g o
Outline
1
2
www.cidauk.org
Chinese Local Government Policies
3
Success Stories from Last Year
CIDA: Upcoming Events
L o g o
www.themegallery.comwww.themegallery.com Company LogoCompany Logowww.themegallery.comwww.themegallery.com Company LogoCompany Logowww.cidauk.org
Local Schemes:
Tianjin
HangzhouWuhan
530 Scheme
Wuxi5050
Scheme
A Thousand Talents Scheme
3551 Scheme
Shaoxing330
Scheme
NingboA Thousand
Talents Scheme
L o g o
Documented Policies:
Company LogoCompany Logowww.cidauk.org
L o g o
Scale of Schemes:
Company LogoCompany 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
www.cidauk.org
L o g o
Criteria:
Company LogoCompany Logo
• Technology• Patent
• Projects• photoelectron information industry• bio-industry • telecommunication & IT• e-Business• clean technology• modern equipment manufacturing;
• Capital • Register capital no less than government funding• Applicant should own more than 30% share of company
• Others• Applicant work in China no less than 6 months per year
www.cidauk.org
L o g o
Start-up Funding: No Ceiling
Company LogoCompany Logo
• Hangzhou & Shaoxing: • Category A: 5million RMB• Category B: 1million RMB• Category C: 0.5million RMB
• Wuxi : • Category A: 1million RMB + 3million VC• Category B: 600k RMB + 1.5million VC• Category C: 400k RMB + 1.5million VC
• Ningbo: • National: 1million – 5million RMB• Local: 100k – 500k RMB
• Tianjin:• 500k-1.5million RMB
• Wuhan: • One-off: 5million RMB (Hi-tech projects: +5million VC)
www.cidauk.org
L o g o
Loan:
www.themegallery.comwww.themegallery.com Company LogoCompany Logo
• Hangzhou & Shaoxing: 2-year interest-free loan• Category A: up to 5million RMB• Category B: up to 3million RMB• Category C: up to 2million RMB
• Wuhan: • 50% interest refund (no ceiling)
• Wuxi: • 2-year interest-free loan up to 5million RMB
• Ningbo:• 2-year subsidies up to 3million RMB
• Tianjin:• Loan guarantee
www.cidauk.org
L o g o
Other Policies:
www.themegallery.comwww.themegallery.com Company LogoCompany Logo
• Hangzhou: • Financial aid: up to 1 million• Rent reimbursement: 3-year, 500 ㎡ office space + 100 ㎡ apartment
• Wuxi : • Financial aid: up to 3 million • Rent reimbursement: 3-year, 100 ㎡ office space + 100 ㎡ apartment• Technology/Patent: 30% shares
• Ningbo:• Technology/Patent: 70% shares• Tax subsidies: year 1: 70%, year 2: 50%, year 3: 30%• Project team: if more than 3 members, +1 member = +100k (up to
500k)
• Shaoxing:• Technology/Patent: 30% shares• Healthcare ‘green card’• Children can go to public school
www.cidauk.org
L o g o
www.themegallery.comwww.themegallery.com
2010 Competition: Winning Projects
Fundraising Models: Sources of Funding Fundraising Models: Sources of Funding
Investment of 17 million RMB
GovernmentGovernment
FundingFunding
VentureVenture
Capital Capital
Private Private InvestorInvestor
www.cidauk.org
PartnershipPartnership
6.5million 8 million 0.5 million 2 million
Student track: 13 millionBusiness track: 4 million
L o g o
2010 Success Stories: Greedy Intelligence
Company LogoCompany Logowww.cidauk.org
L o g o
Company Set Up in Hangzhou:
Company LogoCompany Logowww.cidauk.org
L o g o
2010 Success Stories: Nanolase
Company LogoCompany Logo
“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
“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。”
------ 王枫秋博士www.cidauk.org
L o g o
2010 Success Stories: iiCap
“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.
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.”
----------------Kin Kam
www.themegallery.comwww.themegallery.com Company LogoCompany Logowww.cidauk.org
L o g o
CIDA: Upcoming Events
2011 Dalian ‘Haichuang’ Week
2011 Guangdong Talent Programme
Joint event with China British Business Council (CBBC): Education Forum: Building Science and Technology Links with China - The Role
of Higher Education and Entrepreneurship 24 May, London
: China Innovation and Development Association (中英创业发展协会）
China UK Entrepreneurship Challenge
www.cidauk.org
Company LogoCompany Logowww.cidauk.org
L o g o
Click to edit company slogan .
http://www.sinouk.org.uk/
“Remember, the path of the entrepreneur is an endurance race!”