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Start-Up Funding On Offer for Greater Bay Area Platforms in Qianhai

As part of moves to establish the Guangdong-Hong Kong-Macao Greater Bay Area as a centre for  international technological innovation, extensive start-up financial grants are to be offered to any innovation or entrepreneurial platform deemed likely to aid in the recruitment of high-end personnel  from Hong Kong, Macao, Taiwan or any overseas location.

In specific terms, the funding available from the Qianhai Authority for any duly-approved platform is as follows:

  • Innovation Platforms
    A start-up subsidy equivalent to 60% of actual investment to a maximum of RMB10 million (US$1.4 million).
  •  Entrepreneurship Platforms
    A start-up subsidy equivalent to 50% of actual investment to a maximum of RMB5 million.

The scheme was introduced as of 1 September and will run, on a trial basis, until 31 August 2021.

Full details of the initiative are available in the Implementation Rules for the Special Fund for Supporting the Development of Innovation and Entrepreneurship Platforms (Trial Implementation) (Shen Qian Hai Gui No. 9 [2019]), as issued by the Qianhai Shenzhen-Hong Kong Modern Service Industry Co-operation Zone Authority.

Source: Shenzhen Municipal People’s Government

 

Content provided by Picture: HKTDC Research
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