Entrepreneurship Opportunities in China

1. 20th Oct 2011, London Entrepreneurship Opportunities in China Dr. Yu Xiong CEng, FRSA Director, China Management Research institute Executive Chair, China Innovation and Development Association

2. CIDA’s collaboration with local Governments in China A Thousand Talents Scheme Tianjin 530 Scheme Wuxi 5050 Scheme 3551 Scheme 100 Two River Scholar Wuhan Hangzhou 330 Scheme Shaoxing Chongqing Ningbo A Thousand Talents Scheme

3. Yun Nan S&T department Tian Jin TEDA Chongqing. Party, Secretary Bo Xilai Guangxi HR Deparment

4. Company Logo www.cidauk.org

6. Criteria • 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

7. Start up funding • 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)

8. Loan • 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

9. Other Policies: • 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

10. Prime Minister Initiative II • Investigation of the employability and entrepreneurship opportunities in Chongqing’s two river new zone. What’s the implication to the UK? • Establish the China UK International Entrepreneurship School. • Further development the China UK Entrepreneurship Competition.

11. Past year photos: 2008 Launch at Chongqing University by CAST 2009 Launch at CAST Headquarter by CAST

12. Past year photos 2009: 2009 Award Ceremony, 1st Prize by Deputy PPCC leader of Chongqing 2009 Award Ceremony, 2nd Prize by Prof. Richard Harrison

13. Past year photos 2010: 2010/2011 Launch at Sichuan International Studies University 2010/2011 Final of China Division

15. Mr. Tu Jingping, Secretary General of Chongqing Municipal Government Mr. Mengxin Sun, Director of International Department, China Association for S&T

16. 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

17. 2010 Success Stories: Greedy Intelligence :

18. Company Set Up in Hangzhou

19. Opportunities in Chongqing • The 3rd Sub-Provincial Economic Zone in China, established from 18th June, 2010. • A Zone for High-Tech R&D, Manufacturing, and Modern Service Industry. • 960 Square Kilometers. • 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

20. Opportunities in Chongqing A 1,500 acres China UK Life Science Park,

21. Thanks you! y.xiong@qub.ac.uk www.cidauk.org