In a constantly evolving business environment, you need the support of reliable partners committed to your specific needs. Changing requirements and regulatory demands mean you may have to adapt your logistic processes and systems. The city of Suzhou has brought into full play the role of entrepreneurship and innovation in the improvement of people’s well-being by establishing a lifecycle services system for startups.
Authorities in Suzhou have brought into full play policy support, carrier, brand, training and services to forge a lifecycle services system for entrepreneurs.
Zui-Suzhou, the most popular Wechat official account in Suzhou, has registered 770,000 fans.
JiWenhan, founder of Zui-Suzhou, is a master’s candidate with Soochow University. Being a post-90s, he has attributed his success story to the flourishing entrepreneurial incubator in Suzhou.
Born out of Soochow University Tiangong Incubator, the Zui-Suzhou team has registered more than 1000 network accounts and a monthly reading of 20 million clicks after three years of development.
The startup team has also gone a step further to launch offline promotions, provide catering services and video businesses.
Soochow University Tiangong Incubator has been committed to the incubator plus investment model to expand its scale in Suzhou by incubating more than 200 startup programs and attracting more than 1 billion yuan of non-governmental investment.
230 incubatory carriers have been launched in Suzhou at varied levels to settle some 22000 startups with the rate of incubation standing at 61%.
In the meantime, Suzhou launched an e-loan platform for startups to be granted the loan without the provision of guarantee and eligible for full discount within two days after the lenders have submitted the applications.
I Love Square Dance, an online app that has gathered momentum in recent years, has registered 4 million users to boost its brand value to 100 million yuan. It has been granted a bonus of half a million yuan after being granted 3 million yuan of loan by angel investors. An angel investor is an investor who provides financial backing for small startups or entrepreneurs. Angel investors are usually found among an entrepreneur's family and friends.
The international elite entrepreneurship week hosted by Suzhou for 9 years successively has become a platform for the recruitment of high-end talents.
At present, the city registers 231 talents funded by the country’s One-Thousand-Talent program and 681 talents supported by the provincial entrepreneurship and innovation support programs. 127 of the talents are funded by the One-Thousand-Talent program, ranking first in the country’s medium and large cities.
Meanwhile, Suzhou has attached importance to the inheritance of the local culture by training apprentices of kesi silk tapestry and walnut carving craftsmanship among returned migrants, college graduates and the land-deprived farmers.
