Changsha High-tech Zone backs mobile Internet start-ups
Changsha National High-Tech Industrial Development Zone launched an unprecedented policy for mobile Internet start-ups.
The program, called “willow branch action”, was officially announced in Changsha High-tech Zone on June 29. For three years, the governments of Hunan, Changsha and the High-tech Zone will set aside 40 million yuan ($6.44 million) for the mobile Internet industry, and subsidize 200,000 yuan for each enterprise in the sector.
In the meantime, the zone will provide office space and a public service platform for the start-ups. Hu Xiangyong, the principal of “willow branch action”, said, “We neither judge the quality of your program nor appraise the outcome of the venture. You can get our support as long as your program conforms to the format of an entrepreneurial company in mobile Internet.”
“Willow branch action” supports entrepreneurship programs that haven’t put together a company or companies less than one year old, which are yet to receive investment and whose products are still in development. In principle the entrepreneurship team should have less than 10 people.
Source: Hunan Daily/rednet.cn