• Awards and Supportive Policies
  • (І) Awards

    1.Sino-German College Students Maker Creative 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 RMB 8, 000 Yuan;
    Third prize, each project will be rewarded with RMB 5, 000 Yuan;
    Excellence award, each project will be rewarded with RMB 3,000 Yuan;


    2.Sino-German Youth Talent Innovation and Venture 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 RMB 30, 000 Yuan;
    Second prize, each project will be rewarded with RMB 20, 000 Yuan;
    Third prize, each project will be rewarded with RMB 10, 000 Yuan;
    Third prize, each project will be rewarded with RMB 5, 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. The Competition Organizing Committee will provide certain travel subsidies to the competiton projects in Taicang in accordance with relevant regulations.

    (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. In addition to one-time subsidy, the entrepreneurial entity receiving 5 people and above for employment starting a business in Taicang can apply for a maximum loan of RMB 500,000 and the excellent entrepreneurial projects can get the financial support of not more than RMB 50,000.

    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 defense 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 300-500 thousand Yuan of relocation subsidies.

    3.Intellectual support.For settled projects with potential for growth, a “Mentor Group” consisting of 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.