Nantong recently started its entrepreneurial support program in 2017 for returnees after completing their overseas study. Those complying with relevant requirements can submit their applications before Feb 22, and successful candidates can obtain lump-sum supporting funds valued at either 500,000 yuan ($73,500) or 200,000 yuan.
To encourage returnees to establish high-tech enterprises in China, the Ministry of Human Resources and Social Security (MHRSS) of China set up the program in 2009. A batch of nationwide returnees for new entrepreneurial projects with innovative ideas, big development potential and good market prospects are selected for the fund’s support every year, so as to accelerate these newly-established enterprises to transform their scientific and technological achievements to actual products, and achieve their fast development.
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