Core Viewpoint - Shenzhen is committed to becoming a global hub for nurturing unicorn companies, supported by a comprehensive action plan for 2025-2027 aimed at fostering high-growth technology innovation enterprises [1] Group 1: Policy and Support Framework - Shenzhen has introduced the "Action Plan for Effectively Supporting the Development of Gazelle and Unicorn Enterprises (2025-2027)" to create a supportive environment for these companies [1] - The support system is structured around "policy guidance + capital empowerment + ecological cultivation," ensuring a full-chain support mechanism for emerging enterprises [1] Group 2: Investment Focus - The city is actively promoting the establishment of the "20+8" industrial cluster funds, which will primarily invest in strategic emerging industries and future industries [1] - The focus is on empowering and supporting the emergence of more technology innovation companies that possess core technologies and explosive growth potential [1]

Core Viewpoint - The newly issued policy by Nanjing aims to accelerate the cultivation of unicorn and gazelle enterprises, enhancing support for their rapid growth and innovation capabilities [1][3]. Group 1: Policy Overview - The policy includes 10 areas and 45 specific measures focusing on innovation incentives, financial support, talent services, application scenarios, and promotional activities to empower unicorn and gazelle enterprises [3]. - The Nanjing Macro-Economic Research Center will annually organize the recognition of unicorn enterprises and compile lists of cultivated unicorn and gazelle enterprises, ensuring alignment with various specialized policies [3]. Group 2: Goals and Targets - By 2027, the goal is to have a total of 800 unicorn and gazelle enterprises in Nanjing, with at least 5 new companies listed [3][4]. - The policy encourages the establishment of unique cultivation mechanisms for unicorn and gazelle enterprises in different districts, promoting innovative pilot policies [3]. Group 3: Financial Incentives - Starting from 2025, newly recognized unicorn enterprises will receive a reward of up to 2 million yuan based on 5% of their R&D expenses from the previous year [4]. - Unicorn and gazelle enterprises undertaking major national R&D tasks can receive funding of up to 10 million yuan based on 15% of their R&D investments [4]. Group 4: Investment and Listing Support - The policy aims to facilitate the listing process for unicorn and gazelle enterprises by enhancing asset integration and improving profitability and technical capabilities [4]. - It also promotes the use of the Jiangsu Equity Exchange Center's green channel for faster listing on the New Third Board [4]. Group 5: Policy Duration - The policy measures are effective until December 31, 2027, with the R&D expense rewards for first-time recognized unicorn enterprises extendable until December 31, 2028 [5].