Chengdu seeks to build itself into concentration of leading talent

Authors: China Daily


City's new policy packages include a 2 billion yuan fund.
European investors looking offshore for viable startups may look more closely at Chengdu in Southwest China after the city passed policies designed to foster and support such projects.
The capital of Sichuan province announced on Feb. 14 that it would establish a fund of up to 2 billion yuan ($307 million) to lure top personnel, both international and domestic, to the city.
Jing Bin, head of the city's human resources office, said the innovation-driven city is thirsty for quality personnel and the situation "is much more urgent than at any other period in the past".
He said the city has formulated 10 new policies to upgrade its personnel development strategies.
The move indicates that Chengdu has taken the lead in central and western China in terms of its support for innovation and startups and its search for the best personnel, he said.
"The efforts are expected to help the city implement its strategies to build itself into a 'heaven for startups', a core area of human resources in west China and an internationally influential regional innovation and startup center," Jing said.
After assessment and evaluation, Jing said, each of the foreign personnel recognized as leaders in their fields would be entitled to grants of 3 million yuan.
Leading personnel at national level would be eligible for 2 million yuan and leading talent at the regional level to 1.2 million yuan.
Chengdu also announced it would reduce the red tape in government administration and approval procedures, and expects the moves to benefit local universities, organizations, research academies and agencies.
Such institutions are encouraged to explore more channels to attract talented personnel and will receive up to 200,000 yuan each if they succeed in attracting much-needed personnel.
"For some who find it hard to find the right companies or research organs to initiate their business or research projects, Chengdu is planning to set up a China (Chengdu) overseas personnel offshore innovation and startup center," he said.
The center is planned to be market-driven, and facilitate trade and reduce business costs.
"We expect the city can help more intellectual achievements become commercialized," he said.
In addition, the city is beefing up efforts to boost partnerships among enterprises, universities and governments.
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