A policy program including a generous government grant to entrepreneurial talent projects in Tongzhou district, Nantong is starting to pay off, helping transform the district into a magnet for top quality talents. [Photo/WeChat account: wxtzfb]

A policy program including a generous government grant of up to 10 million yuan ($1.49 million) to entrepreneurial talent projects in Tongzhou district, Nantong is starting to pay off, helping transform the district into a magnet for top quality talents.

The 510 Talent Program, aimed at strengthening intellectual support for Tongzhou's high-quality economic development, also includes up to 5 million yuan in funding for innovative talent projects.

In 2018, Tongzhou initiated a preferential policy package meant to advance innovative sci-tech products in Jiangsu province. Enterprises that develop those new products, technologies, and services, even though they may not yet be commercialized, will be included into the government procurement catalog of independent innovation products by mutual agreement of the departments of science and technology and related fields and product users if they have good authoritative third-party inspection and testing reports. In the procurement process, non-bidding procurement may be adopted for first purchases and orders to promote the rapid growth of start-up talent projects.

The favorable measures show the hearty repect and sincerity of Tongzhou district for talented personnel, and its willingness to provide support for their projects at every stage. Adhering to the concept of "talent is the first resource", Tongzhou has always prioritized the development of talents at the core, and has attracted a large number of talents with innovative mechanisms, attractive policies, and a dynamic business atmosphere.

To date, Tongzhou has introduced 742 high-level innovative and entrepreneurial talents, including 70 at the top level, 109 listed in the provincial "Innovative & Entrepreneurial Talent Program", and 155 enrolled into the "Jianghai Talent Program". Seventy-one talent start-ups have achieved industrialization. Among them two have realized annual sales of more than 100 million yuan and 13 others have reached 10 million yuan in sales.