Guizhou boosts entrepreneurship incubation demonstration bases

Southwest China's Guizhou province recently rolled out its implementation plan for the quality improvement of entrepreneurship incubation demonstration bases to strengthen the construction and management of innovation and entrepreneurship carriers in the province and incentivize key groups such as college students, retired soldiers, and migrant workers to start businesses.

The province will give full play to its existing economic and technological development zones, science and technology parks, high-tech parks, college and university students' entrepreneurial parks, and entrepreneurial concentration areas that meet the necessary conditions to identify entrepreneurial incubation bases through listing and joint construction.

Measures will be taken to strengthen the publicity of entrepreneurship assistance policies, and guide entrepreneurship incubation bases to help entities apply for entrepreneurship assistance policies.

Guizhou will establish a public service platform for entrepreneurship, which will provide entrepreneurs with comprehensive services such as information consultation, financial support, and human resources agency.

In addition, a one-time subsidy of 500,000 yuan ($74,018.59) will be given to newly-identified national entrepreneurial incubation demonstration bases, while 1 million yuan will be given to provincial-level ones.