Suzhou Industrial Park (SIP)was founded with joint partnership between China and Singapore governments. Since its birth in 1994, in just 16 years, the park turned into one of the best, and most competitive parks in China in the areas of High Tech, Eco Science, Supply Chain and Outsourcing. SIP has also established it’s presence in Silicon Valley by partnering with HYSTA through HYSTA China Partnership Program.

Recruiting world class top talents is the most important mission for SISPARK. So far, SIP has attracted over 2,200 oversea talents, who have founded more than 300 start-ups. SISPARK has contributed more than half of the start-ups in the entire city of Suzhou. SIP has started the Hi-tech ventures plan since 2007, with more than 200 million RMB venture capital investments each year.

Following list highlights some of the fundings and benefits provided by SISPARK:

1. 1 Million RMB free government support funding and 6.5 Million RMB venture capital.
2. 100 square meters of office and 100 square meters of apartment space for free for the first 3 years.
3. 1 Million RMB housing purchasing assistance.
4. 1 Million RMB bank loan offer at 50% discount of bank lending interest rate

To apply for this program in the areas of semi-conductor, IC design, Nano-tech, software development, Internet, communication, new energy, advanced processing, etc, you will need to be qualified in the following criteria.

1. Applying companies (teams) were founded on or after Jan. 1, 2010 in Suzhou Industrial Park, or have not been registered yet.
2. Applying companies (teams) have or plan to have a registered capital of no less than 1 million RMB.
3. Applicant's actual investment or committed investment (do not include technology appraised as capital) is at least 1 million RMB, or 30% of the company’s registered capital.
4. All the projects must have the IP right.

The cut off date for applications this year is 4/30/2011. To find out more about the available programs, please visit http://www.sispark.com.cn/notice/article.aspx?id=100005508. To apply, please visit http://sme.sipac.gov.cn/67068000 or contact Clive Zhu at zhucq@sispark.com.cn, 86-512-62529888x307.

* HYSTA (www.hysta.org) is a leading professional organization in Silicon Valley and China. It aims to promote entrepreneurship and career development, and to facilitate networking and exchange of business ideas among successful entrepreneurs and executives in Silicon Valley and mainland China.

** HYSTA China Partnership Program bridges the cross-border gaps between US and China to create new business opportunities. We take advantage of the new opportunity window and emerging market trend, connect government agencies, companies and funds with potential partners, and offer value added services to help engaging target audiences.