Incentives for start-ups
Bao’an has formulated a package of measures to encourage talents to innovate and start businesses in the district. Such measures include providing subsidies for business launch, office rent and other forms of financial support as well as guidance on entrepreneurship.
Specifically, the government provides a one-off subsidy to incubated technological enterprises founded by high-level talents ranging from 100,000 yuan to 300,000 yuan.
High-level entrepreneurship or their certified-feasible products will receive a subsidy of up to 5 million yuan and a monthly rental subsidy.
Eligible high-level talents in Bao’an District can either choose to enjoy a monthly rental subsidy of 5,000 yuan for as long as 10 years or to live in a rent-free apartment with floor space of around 90 square meters for as long as 10 years. Eligible high-level talents in the education and health fields are entitled to an apartment with a floorage of 90 to 150 square meters for 10 years. Workers who have worked on a full-time basis for 10 years or more and have made outstanding contributions to their field can enjoy life-long rent-free apartments.