2022 China (Changsha) Overseas Talents Innovation and Entrepreneurship Project Competition 

Reward Policy

Organizing Committee Office

1. Reward Policy

Projects that are launched and implemented in Changsha High-tech Zone within 2 years after winning the award can enjoy the following benefits and supports according to the winning situation:

First prize Winners. The project team members will be included in the talent pool of the Thousands of PhDs and Masters Project in Changsha High-tech Zone. The main person in charge of the project can receive up to 600,000 yuan of living allowance and 1 million yuan of entrepreneurial support funds (distributed in three years), and the companies incorporated by the project team can get three years of free office space and related services; particularly high-quality entrepreneurial projects and teams can be rewarded up to 100 million yuan in entrepreneurial support funds with a case-by-case approach.

Second Prize Winners. The project team members will be included in the talent pool of the Thousands of PhDs and Masters Project in Changsha High-tech Zone. The main person in charge of the project can receive up to 600,000 yuan of living allowance and 500,000 yuan of entrepreneurial support funds (distributed in three years), and the companies incorporated by the project team can get three years of free office space and related services.

Third Prize Winners. The project team members will be included in the talent pool of the Thousands of PhDs and Masters Project in Changsha High-tech Zone. The main person in charge of the project can receive up to 600,000 yuan of living allowance and 300,000 yuan of entrepreneurial support funds (disbursed in three years), and the companies incorporated by the project team can get three years of free office space and related services.

Excellence Prize Winners. The project team members will be included in the talent pool of the Thousands of PhDs and Masters Project in Changsha High-tech Zone. Qualified project teams and individuals will be supported to apply for various talent policies and benefits such as the Thousands PhDs and Masters Project.

The above policies shall be determined in accordance with the detailed terms and conditions of the Thousand PhDs and Masters Talent Project. In addition, the award-winning projects are supported to apply for other policies and benefits of innovation and entrepreneurship, industrial development, and financial capital in Changsha High-tech Zone.

2. Project Implementation Requirements

The team members of the winning projects (including the first prize, the second prize, the third prize and the excellence prize) incorporated in Changsha High-tech Zone will be directly included in the Thousand PhDs and Masters policy, and no additional review will be required. All award-winning project members should provide corresponding academic degree certificates (those who graduated from overseas schools should also provide Certified Foreign Academic Degree).

The companies should be established in Changsha High-tech Zone after December 21, 2021, or newly established or moved in after the competition. The business scope of the company should be the following key industries that Changsha High-tech Zone focuses on, such as next generation information technology, constrction machinery, biomedicine, CCUS, new-energy vehicles and aerospace engineering. Members of the winning team hold shares in the established companies. For the rest of the standards, refer to the corresponding terms and conditions of the Thousands of PhDs and Masters Project Implementation Measures.

The person in charge of the winning project and the company must submit a letter of commitment, promising the actual operation of the company, not to dissolve the company within 5 years, and not to move the industrial and commercial and tax relations out of Changsha High-tech Zone.

3. Project Services

According to the actual situation of the winning projects, Changsha High-tech Zone will provide one-on-one follow-up service to fully help the winning project team to start a business in Changsha High-tech Zone and enjoy relevant policy support.