9 July 2015
Online CBA: Is There an Area Dedicated for Hong Kong People to Start Their Business in Shenzhen's Qianhai?
Q: Is There an Area Dedicated for Hong Kong People to Start Their Business in Shenzhen's Qianhai?
A: There is a Shenzhen-Hong Kong Youth Innovation and Entrepreneur Hub (E Hub) in Qianhai. Located in section 11 of the Qianhai Cooperation Zone next to the Electronic One-stop Service Center of Qianhai, it is designed to become an international innovation and entrepreneurship community where young people of Shenzhen, Hong Kong and the world over can realize their dreams. Qualifications for admission into the E Hub are as follows:
1. Applicants must have good professional ethics and ability. If the legal representative of the company started is the founder or a member of the founding team, the founder or founding team must hold a certain percentage of company shares. Companies joining the incubator of the E Hub should have a history of no more than two years while those joining the accelerator of the E Hub should have a history of no more than five years.
2. The projects proposed by the applicants must comply with Qianhai's policy requirements for industrial development and must be innovative projects with a high technology content. The products must have good market and commercialisation prospects and have clear-cut property rights (including intellectual property rights).
3. Companies seeking admission to the E Hub must have a registered capital commensurate with their scale of business. In principle, companies seeking admission to the incubator should have a paid-in registered capital of Rmb50,000-Rmb2 million, while those seeking admission to the accelerator should have a paid-in registered capital of no less than Rmb2 million. There is no registered capital requirement for startup teams or individuals (not yet registered as companies) seeking admission to the venture nursery of the E Hub.
(The HKTDC provides one-on-one China Business Advisory Service free of charge to assist companies in resolving problems encountered when doing business in China. For enquiries and appointments, please call (852) 1830 668 or register online.)