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Shandong offers big bonus to unicorn corporations

2018/6/4 16:19:11   source:sdchina.com

According to a news conference held last Friday, Shandong will continue to promote “Gazelle-Unicorn” resources link and explore burgeoning unicorn enterprises and potential unicorn groups to provide them with particular counseling and targeted service.

For nationally recognized unicorn enterprises, Shandong will give them a one-time bonus of 3 million yuan and create a favorable development platform and environment so as to optimize the growing chain of unicorn companies.

Jiang Long, a second-level inspector of Shandong Provincial Finance Bureau, said that Shandong has pioneered a series of incentive policies in 2016 to bring the industrial enterprises’ attention to innovation and product quality, usher in a special and high-quality development course and cultivate new development driving forces.

The demonstration enterprises and companies who are shortlisted for the single manufacturing champion will be rewarded and manufacturers are encouraged to fully participate in the project of shifting old development driving forces to the new.

In 2017, Shandong doubled the incentive standard for demonstration enterprises and cultivated companies who are shortlisted for single champion in national manufacturing industry to the highest 2 million and 1 million respectively. More than 40 million yuan has been allocated for the reward in the past two years.

At the same time, Shandong has increased policy support and built a hierarchical cultivation system to high-growth innovative enterprises. Stimulated by the policy, 38 enterprises of Shandong in total have been shortlisted for single manufacture champion, ranking first in number across the country and accounting for one fifth of the total nationwide.

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Sponsor:Information Office of Shandong Provincial People’s Government