The government of Nanshan District, Shenzhen, declared its plan to invest 6 billion yuan in the next five years to encourage innovation and entrepreneurship during a ceremony delivering the government's intention to recruit talents from the world held in Shenzhen Bay Technology and Ecology Park on Monday. The ceremony attracted nearly 200 domestic and overseas elites in high-tech industries.

Further optimizing the environment for entrepreneurship and innovation, the Nanshan government hopes to attract more talents from the high-tech industries.

According to the plan of the government, more than 6 billion yuan will be invested within the next five years to encourage innovation and entrepreneurship. The government will provide substantial subsidies to talented individuals, outstanding business teams, innovation platforms and talent service agencies.

For instance, the talents who have participated in major national projects or gained provincial-level awards will receive subsidies ranging from one to three million yuan. The government will subsidize the famous human resource organizations with a maximum award of three million yuan.

In addition, housing allowances will also be provided for the talented professionals in the districts where high housing prices used to be an obstacle for them. The government will also build apartments for the elites in every street of the district.

During the ceremony, the local property management office and Shenzhen Municipal Human Resources and Social Security Bureau respectively signed cooperation framework agreements with the Shenzhen Investment and Holding Company and some human resource organizations. It marks the official launch of the human resource service industrial park in the Shenzhen Bay Technology and Ecology Park.

Hailing the role played by the talents in the development of Nanshan, Jiang Jianjun, The Party secretary of the Nanshan District signaled the message of recruitment to the talented professionals around the world. With the implementation of the plans, the Nanshan district will establish a follow-on support system for high-level innovative personnel and teams, and lead cutting-edge technologies and future development.