Startups gain more financial support in Guiyang hi-tech area

After one-year implementation of a trust assessment for more financial support, three enterprises in the Guiyang Hi-tech and Industrial Development Area, Southwest China's Guizhou province were awarded 100,000 yuan ($15,848) for further development on Feb 8, due to their high scores in the assessment.

Representatives from 29 enterprises attend the fund issuing meeting on Feb 8. [Photo/gog.cn]

Part of a measure for supporting settled startups in the area, the trust assessment is an advanced management tool aimed at providing more funds for high-integrity enterprises and encouraging more companies to focus on good-faith establishment while pursuing economic benefits.

Some corporate representatives get their rent allowance on Feb 8. [Photo/gog.cn]

"Though the fund is not very much it's very important for us. I'm very appreciative of the preferential policies and training courses provided by the Qilin Entrepreneurship Town," said a spokesperson for Guizhou Youshu Technology Company.

The biggest entrepreneurship platform in West China, Qilin Entrepreneurship Town covers an area of 20 square kilometers and integrates office work, business, dining and living.

Zou Xuancheng, spokesperson of Youshu Technology Co, speaks during the meeting. [Photo/gog.cn]

By the end of mid-June, 2017, the number of entrepreneurs in the town totaled 360, five of whom are from overseas and two from Taiwan. The town plans as its next step to expand its land and advance its cooperation with governments.