• Support and Prizes
  • (І) Awards

    1. Sino-German college students’ mak-er group. There will be 4 first prizes, 8 second prizes, 12 third prizes and 16 excellence awards, and the organizing committee of the competition will award rewards and certificates of honor for them.

    First prize, each project will be rewarded with RMB10, 000 yuan;
    Second prize, each project will be rewarded with RMB6, 000 yuan;
    Third prize, each project will be rewarded with RMB4, 000 yuan;
    Excellence award, each project will be rewarded with RMB2,000 yuan;


    2. Sino-German youth innovation and entrepreneurship group. There will be 2 first prizes, 4 second prizes, 6 third prizes and 12 excellence awards, and the organizing committee of the competition will award rewards and certificates of honor for them.

    First prize, each project will be rewarded with RMB30, 000 yuan;
    Second prize, each project will be rewarded with RMB20, 000 yuan;
    Third prize, each project will be rewarded with RMB10, 000 yuan;
    Excellence award, each project will be rewarded with RMB5,000 yuan;


    Meanwhile, the competition will also set up several outstanding organization awards, and award each unit with a bonus of 3,000 yuan for the competition offices of universities and colleges in accordance with their work performance.

    (Ⅱ) Supportive policies

    1. Entrepreneurial service. The winning individuals or teams can enjoy the priority to locate to cooperation parks of the competition, the preferential and supportive for entrepreneurship and superior incubator service; leaders of settled projects can be preferentially recommended to participate Taicang youth entrepreneurship training camp and other training activities, among them, people who carry out entrepreneurship through qualified training of the SYB entrepreneurship training courses can apply for 50 - 100 thousand yuan of small-sum guaranteed loan (full interest discount by the government) for two years; people who carry out entrepreneurship after training and obtaining qualification certificate of the IYB entrepreneurship promotion model can apply for 200 thousand yuan of second guaranteed loan (interest discount by the government at benchmark interest rate) for two years;

    2. Talent policy. The person in charge of settled projects will be actively recommended to declare all kinds of talent plans in Taicang according to the actual situations, and the support of talent projects can be accumulated with prize rewards and settlement subsidy of projects. The outstanding settled projects will be preferentially recommended into interview demonstration link of the "Taicang Municipal Science and Technology Leading Talent Plan (Entrepreneurship Class)", and projects approved can be given 500 thousand to 3 million yuan of project funding and 200-500 thousand yuan of relocation subsidies; projects awarded with Suzhou Science and Technology Entrepreneurship Angel Project can be given 50-100 thousand yuan of entrepreneurship subsidies and 200-500 thousand of project funding.

    3. Intellectual support. For settled projects with potential for growth, a “Mentor Group” consisting of young entrepreneurs, investors, experts and scholars will be set up to provide design verification, product development, marketing, business management and other aspects of professional guidance and service during the growth period; project matching activities will be regularly launched, and the person in charge of the settled projects which are matched to industries of the city will be invited to carry out deep matching exchanges with local entrepreneurs and investors.

    4. Investment and financing support. Investment and financing matching services will be provided for settled projects with potential for growth, and start-up loans, personal business loans and legal person of small business corporate loans and other financing support will be provided by cooperative financial institutions of the competition to projects that meet credit standards according to project conditions

    5. Relocation service. The person in charge of settled projects can be given priority to apply for the youth talent apartment and enjoy a certain rent reduction policy according to their own conditions and the requirements of Taicang relevant talent policies.

    6. Others. Projects that have not been awarded but in line with the Taicang key introduction of industrial nodes can be regarded as reserve projects and given a continuous tracking and matching.