2018 Chengdu Global Innovation and Entrepreneurship Fair officially opens

The 2018 Chengdu Global Innovation and Entrepreneurship Fair (CGIEF) has officially opened in Chengdu this Friday, May 18.

With an aim of integrating global resources of innovation and entrepreneurship, the fair will forge a new exhibition and trade platform with international influence.

The CGIEF is this year joined by Nobel Prize winners, university presidents from over 10 countries, and senior management officials from 30 unicorn enterprises (start-up companies with a current valuation at over $1 billion) including Alibaba Cloud, bike sharing service provider Mobike, and internet giant Sogou.

The 2018 CGIEF is a showcase of Chengdu’s environment, capability and potential for new economic development. Multiple dialogues will be held among high-level scholars and experts, as an inspiration for the city’s future development.

Chengdu is currently establishing a database for new economic enterprises in a bid to further promote "engine-like" companies with an industrial link. Now it has made a list of enterprises that have unicorn possibilities. These enterprises mainly come from big data, smart health care, smart logistics, smart hardware, artificial intelligence and virtual reality industries.

A series of favorable policies have been adopted by the city to offer capital support for emerging enterprises, such as subsidies and reduction of office rent.

In the future, the city will offer more services to accelerate the development of a new economy and nurture a favorable environment for enterprises.