Core Viewpoint - The recent guidelines from the Ministry of Industry and Information Technology and the National Development and Reform Commission emphasize the cultivation of "gazelle" enterprises, which are high-growth technology companies with significant innovation potential, to drive economic transformation and industrial upgrading [1]. Group 1: Development of Gazelle Enterprises - There is a need to establish a comprehensive recognition and cultivation system for gazelle enterprises, focusing on high technology, high growth, and high value characteristics [2]. - Current local efforts lack unified management and continuity in recognition, leading to gaps in subsequent cultivation policies [2]. Group 2: Financial Support for Gazelle Enterprises - Gazelle enterprises require more financial support to transition into unicorns, necessitating innovative financial empowerment methods [3]. - A diversified "relay" financial service system should be developed to meet the funding needs of these enterprises throughout their lifecycle [3]. Group 3: Innovation Leadership - Gazelle enterprises must strengthen their innovation capabilities and continuously seek new growth points and breakthroughs [4]. - Entrepreneurs are encouraged to focus on technological innovation and make significant breakthroughs in key areas to seize new opportunities [4]. Group 4: Importance of Gazelle Enterprises - The emergence of more gazelle enterprises is essential for the development of new productive forces, highlighting the importance of fostering such companies [5].

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].