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

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Presentation on theme: "Dr. Yu Xiong CEng, FRSA Director, China Management Research institute Executive Chair, China Innovation and Development Association 20 th Oct 2011, London."— Presentation transcript:

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

2 Tianjin HangzhouWuhan 530 Scheme Wuxi 5050 Scheme A Thousand Talents Scheme 3551 Scheme Shaoxing 330 Scheme Ningbo A Thousand Talents Scheme 100 Two River Scholar Chongqing

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

4 Company Logo

5 TimescaleNumber of Projects Annual Budget Shaoxing No ceiling Wuhan No ceiling150million RMB/year Wuxi No ceiling Hangzhou No ceiling Ningbo2009 – 2014/2019No ceiling50million RMB/year Tianjin /2021No ceiling35million RBM/year

6 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 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 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 Hangzhou: Financial aid: up to 1 million Rent reimbursement: 3-year, 500 office space apartment Wuxi : Financial aid: up to 3 million Rent reimbursement: 3-year, 100 office space 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 1. Investigation of the employability and entrepreneurship opportunities in Chongqings two river new zone. Whats the implication to the UK? 2. Establish the China UK International Entrepreneurship School. 3. 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, 1 st Prize by Deputy PPCC leader of Chongqing 2009 Award Ceremony, 2 nd Prize by Prof. Richard Harrison

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

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

16 Fundraising Models: Sources of Funding Fundraising Models: Sources of Funding Investment of 17 million RMB GovernmentFunding Venture Capital Capital Private Investor Partnership 6.5million8 million0.5 million2 million Student track: 13 million Business track: 4 million

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19 1. The 3 rd Sub-Provincial Economic Zone in China, established from 18 th June, A Zone for High-Tech R&D, Manufacturing, and Modern Service Industry 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 Chongqings Foreign trade. 5. One third of the world laptops produced in Chongqing five top brands, six OEMs, and 700 Component manufacturers. Became the S&T Centre along the Yangzi River

20 A 1,500 acres China UK Life Science Park,

21 Thanks you!


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