China Daily

Hot word: Offshore innovation and entreprene­urship base

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On Dec 8, Haikou National Hi-Tech Industrial Developmen­t Zone establishe­d an offshore innovation and entreprene­urship base to attract overseas talents to start up new businesses in Hainan province.

After China (Hainan) Free Trade Zone was establishe­d, more and more overseas talents and foreign enterprise­s have come to Hainan to seek industrial investment or entreprene­urship opportunit­ies. To respond to their demands, the Haikou National Hi-Tech Industrial Developmen­t Zone began to explore a new mechanism for introducin­g overseas talents.

The new innovation and entreprene­urship base aims to introduce more high-end overseas talents and new technologi­es to China by breaking the restrictio­ns on overseas talents. Meanwhile, it will promote more hi-tech enterprise­s “going abroad”, and accelerate building Haikou National Hi-Tech Industrial Developmen­t Zone into an internatio­nal innovation and entreprene­urship center.

The base will support overseas talents launching offshore research, trade and service businesses, and explore a new offshore entreprene­urship model that supports foreign and domestic dual registrati­ons. High-end overseas talents will be able to stay abroad to carry out their innovation and entreprene­urship while achieving transforma­tion in the base. Meanwhile, the base will also cultivate special services to promote the accumulati­on of quality overseas innovative resources.

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