Shanghai facilitates overseas talent entrepreneurship
The China (Shanghai) Pilot Free Trade Zone Offshore Entrepreneurship Base for Overseas Professionals opened in Shanghai's Pudong International Talent City on Aug 12, 2015.
The base is forms a key part of Shanghai’s efforts to become a global science and technology innovation center and is one of the efforts made by Pudong New Area authorities to build a national experimental area for talent.
The base will focus on offshore start-ups and will provide talented overseas personnel with favorable policies and professional services. To better nurture start-ups, the base allows overseas professionals to start their businesses abroad.
A memorandum of understanding was signed on the day by the Pudong Technology Innovation Center, Pudong International Talent City, FTZ Talent Building, Lujiazui Creative Blocks, Federation of Chinese Professional Associations in Europe and Ausinan Science and Technology Society Incorporate (ASTS).
ASTS Chairman Sun Junhong said that the base would serve as a good platform for overseas talent to start businesses in China and is a new attempt to contribute to its development.
“For overseas professionals, starting business in China used to be restricted by many domestic policies. The base now offers the talented personnel a free model that they can start programs either at home or abroad as long as they are in line with FTZ’s policies,” she added.
The unveiling ceremony attracted attention from about 30 media outlets from home and abroad.
Scale of the base
The base will include three industrial clusters in Zhangjiang, Lujiazui and FTZ; each cluster will have a different focus.
Plan
The base aims to become an international entrepreneurship platform for overseas talent, offering incubation services and providing low-cost premises, convenience and openness.
Functions
1. Attract more overseas elites and encourage them to start businesses such as offshore research, trade and finance.
2. Explore an offshore entrepreneurship model to facilitate the incubation of innovative programs.
3. Improve professional services to attract overseas innovative resources to Shanghai.
Principles
1. Market-orientation: Introduce talent and programs with the market mechanism and guide the modern service organizations to be engaged in the base’s construction, operation and management.
2. Professionalism: Offer hosted incubation services and invite experts from science and technology institutions to provide consultation and technology support service.
3. Globalization: Cooperate with overseas institutions and organizations on cross-border projects, including technology transfer, incubation and offshore research and development.
Target
Its purpose is to develop into an international start-up site over the next three to five years and become model that can be replicated in other parts of the country.
The base is forms a key part of Shanghai’s efforts to become a global science and technology innovation center and is one of the efforts made by Pudong New Area authorities to build a national experimental area for talent.
The base will focus on offshore start-ups and will provide talented overseas personnel with favorable policies and professional services. To better nurture start-ups, the base allows overseas professionals to start their businesses abroad.
A memorandum of understanding was signed on the day by the Pudong Technology Innovation Center, Pudong International Talent City, FTZ Talent Building, Lujiazui Creative Blocks, Federation of Chinese Professional Associations in Europe and Ausinan Science and Technology Society Incorporate (ASTS).
ASTS Chairman Sun Junhong said that the base would serve as a good platform for overseas talent to start businesses in China and is a new attempt to contribute to its development.
“For overseas professionals, starting business in China used to be restricted by many domestic policies. The base now offers the talented personnel a free model that they can start programs either at home or abroad as long as they are in line with FTZ’s policies,” she added.
The unveiling ceremony attracted attention from about 30 media outlets from home and abroad.
Scale of the base
The base will include three industrial clusters in Zhangjiang, Lujiazui and FTZ; each cluster will have a different focus.
Plan
The base aims to become an international entrepreneurship platform for overseas talent, offering incubation services and providing low-cost premises, convenience and openness.
Functions
1. Attract more overseas elites and encourage them to start businesses such as offshore research, trade and finance.
2. Explore an offshore entrepreneurship model to facilitate the incubation of innovative programs.
3. Improve professional services to attract overseas innovative resources to Shanghai.
Principles
1. Market-orientation: Introduce talent and programs with the market mechanism and guide the modern service organizations to be engaged in the base’s construction, operation and management.
2. Professionalism: Offer hosted incubation services and invite experts from science and technology institutions to provide consultation and technology support service.
3. Globalization: Cooperate with overseas institutions and organizations on cross-border projects, including technology transfer, incubation and offshore research and development.
Target
Its purpose is to develop into an international start-up site over the next three to five years and become model that can be replicated in other parts of the country.