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Xiamen - BRICS Innovation Center
A modern and liveable coastal city in Fujian 

The Entrepreneurial Environment in Xiamen

Xiamen of Fujian Province in China, is a beautiful and innovative city located on the west side of the Taiwan Straits. In 2017, during the 9th BRICS Summit held in Xiamen, Chinese President Xi Jinping described Xiamen as a "high-quality innovation and entrepreneurship city" and a "high-value ecological garden city". Following that, at the 12th BRICS Summit in 2020, President Xi Jinping announced that China will establish a BRICS Partnership and New Industrial Revolution innovation center in Xiamen to advance cooperation of fellow BRICS countries. 

 

As the main engine of Xiamen's innovation-driven development, Xiamen Torch High-Tech Zone is one of the first national high-tech zones in the country. At present, nearly 10,000 enterprises in various domains have gathered, with 3 national (A) science and technology enterprise incubators and more than 100 innovation platforms of all kinds. Among them, the Software Park has the 7th best comprehensive strength in China and is the 3rd most competitive in the country for overseas students. It has become a large-scale science and technology innovation and entrepreneurship cluster with extensive supporting facilities and support from the Ministry of Science and Technology. As an important platform for innovation and entrepreneurship in Xiamen, Xiamen Torch High-Tech Zone has become a home to attract talents both in China and abroad to innovate, make use of its open business and talent growth environment and start their businesses in the city. In fact, 90% of foreign students who started their businesses in Xiamen have settled down in the city for further development. 

More About Xiamen Talent Plan

The following support policies are available through participation in this competition:

1. Special support policy for shortlisted projects in overseas competitions

All participating and eligible projects that are selected for the finals (not limited to award-winning projects) will be awarded the following if they register a company in Xiamen, China, and have been in actual operation for 6 months within one year of the end of the finals:

(1) Entrepreneurial support: About US$80,000 in entrepreneurial support funds.

(2) Venue leasing: Preferential rents for entrepreneurial premises of up to 150-400 square meters are given according to the actual leased area. The preferential standards are: rent exemption for the first year, and 50% and 20% rent reductions for the second and third year respectively. Preferential period lasts for 3 years.

2. Xiamen Talent Grant

Startups participating in BRICS-SG Entrepreneurship Competition 2023 who make it to the Final Pitching stage and decided to enter Xiamen market, can get a grant up to US$1.23 million (T&C Apply). 

*Overlapping parts in the above two policies will be reviewed accordingly, with the higher value of the funds issued.

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