Chengdu New Economy Ladder Cultivation Plan

chengdu.cn |  release time:May 11th,2018

  On May 9, 2018, the Chengdu New Economy Ladder Cultivation Plan was officially launched, which will help further strengthen the support and service for new economy enterprises, and accelerate the cultivation of quality new economy enterprises with a high growth potential and strong development momentum. 

  The Chengdu New Economy Ladder Cultivation Plan has classified enterprise into three types in accordance with their growth stages, including the seed enterprise, would-be unicorn enterprise, and unicorn enterprise or industrial leading enterprise. To better implement the Plan, Chengdu specially formulated the Confirmed Method of Chengdu New Economy Ladder Cultivation Plan (Trial Implementation) which indicates that Chengdu Municipal New Economy Commission will formulate the application notice and guide in March each year. Enterprise applicants need to meet the following conditions:


Seed enterprise refers to the new economy enterprises that are in their entrepreneurship stage, with promising development prospects, and have obtained the initial recognition in the capital market. Application conditions: 1. Have obtained one of the qualifications: hi-tech enterprise, technology advanced service enterprise, integrated circuit design enterprise, software enterprise, etc. 2. Not listed, but obtained investments (including individual or institutional investment) once, with an estimated value between USD 10 million and USD 100 million. 3. Have a main business income of RMB 10 million to RMB 100 million last year, and an increase rate exceeding 20% of the main business income for 2 years in a row. 

Would-be unicorn enterpriserefers to the new economy enterprises with an explosive growth trend. Application conditions: 1. Obtained investment once, not listed, with an estimated value between USD 100 million and USD 1 billion. 2. Have a main business income of RMB 100 million to RMB 2 billion last year, and an increase rate exceeding 20% of the main business income for 2 years in a row. 

Unicorn enterprise or industrial leading enterprise refers to the new economy enterprises with rapid development speed, strong innovation capacity, a certain scale, etc. Application conditions: 1. Obtained investment once, not listed, with an estimated value exceeding USD 1 billion. 2. Have a main business income surpassing RMB 2 billion last year, and an increase rate exceeding 20% of the main business income for 2 years in a row. 


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