Dr. Yu Xiong CEng, FRSA Director, China Management Research institute Executive Chair, China Innovation and Development Association 20 th Oct 2011, London.

Dr. Yu Xiong CEng, FRSADirector, China Management Research institute Executive Chair, China Innovation and Development Association

20th Oct 2011, London

Tianjin

HangzhouWuhan

530 Scheme

Wuxi5050

Scheme

A Thousand Talents Scheme

3551 Scheme

Shaoxing330

Scheme

NingboA Thousand

Talents Scheme

100 Two River Scholar

Chongqing

Tian Jin TEDA Yun Nan S&T department

Guangxi HR Deparment

Chongqing. Party, Secretary Bo Xilai

Company Logowww.cidauk.org

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

• 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

• 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)

• 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

• 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

• Ningbo:• 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:• Healthcare ‘green card’• Children can go to public school

1. Investigation of the employability and entrepreneurship opportunities in Chongqing’s two river new zone. What’s the implication to the UK?

2. Establish the China UK International Entrepreneurship School.

3. Further development the China UK Entrepreneurship Competition.

Past year photos:

2008 Launch at Chongqing University by CAST

2009 Launch at CAST Headquarter by CAST

Past year photos 2009:

2009 Award Ceremony, 1st Prize by Deputy PPCC leader of Chongqing

2009 Award Ceremony, 2nd Prize by Prof. Richard Harrison

Past year photos 2010:

2010/2011 Launch at Sichuan International Studies University

2010/2011 Final of China Division

Mr. Tu Jingping, Secretary General of Chongqing Municipal Government

Mr. Mengxin Sun, Director of International Department, China Association for S&T

Fundraising Models: Sources of Funding Fundraising Models: Sources of Funding Fundraising Models: Sources of Funding Fundraising Models: Sources of Funding

Investment of 17 million RMB

GovernmentGovernment

FundingFunding

VentureVenture

Capital Capital

Private Private InvestorInvestor PartnershipPartnership

6.5million 8 million 0.5 million 2 million

Student track: 13 millionBusiness track: 4 million

1. The 3rd Sub-Provincial Economic Zone in China, established from 18th June, 2010.

2. A Zone for High-Tech R&D, Manufacturing, and Modern Service Industry.

3. 960 Square Kilometers. 4. In Next five years, 1000 billion RMB investment. 200 of world top 500 settle down.

Gross Output Value of Industry, 100 billion British Pounds. Take 80% of Chongqing’s Foreign trade. 5. One third of the world laptops produced in Chongqing.“5+6+700” five top brands, six OEMs, and 700 Component

manufacturers.

Became the S&T Centre along the Yangzi River

A 1,500 acres China UK Life Science Park,

Thanks you!

y.xiong@qub.ac.uk

www.cidauk.org