Jiading district in Shanghai is creating a favorable environment for Chinese talent returning from overseas to start businesses.
It provides benefits such as free office space, temporary housing, and a streamlined residency process, making it easier for startups to overcome initial challenges.
By offering a comprehensive support system, the district hopes to attract high-level talent and foster innovation, establishing itself as a prime location for entrepreneurial ventures.
One success story is offered by Cytori Therapeutics, founded by Ma Xudong, who closely monitored advancements in regenerative medicine while working in Singapore. His company received free office space and government assistance, enabling it to set up a new production line in Malu town's Intelligent Manufacturing Industrial Park, significantly reducing costs. Specializing in adipose regeneration medicine, the company has leveraged Jiading's support to expand its production capacity.
Another example is the cultural communication company Shanwaishan led by Cao Guodong, who has nearly a decade of study and work experience in South Korea. Attracted by Jiading's vibrant cultural industry and supportive policies, Cao relocated his business to Nanxiang. The district's offer of rent-free office space and comprehensive startup services has helped his company reduce costs and grow rapidly.
Jiading's service policy includes free use of office space for up to six months, temporary accommodation options, and fast-track residency channels for high-level talent. These measures aim to help overseas returnees better integrate into the local business ecosystem.
The district seeks to create a nurturing environment for innovation and entrepreneurship, positioning itself as a leader in supporting new business ventures.