Core Viewpoint - Shanghai has officially launched a three-year action plan (2025-2027) to promote the rapid development of high-growth enterprises, focusing on unicorns and gazelles, with specific measures to support their growth and listing [1][5]. Group 1: Action Plan Overview - The action plan includes seven major actions and 21 specific measures aimed at accelerating the development of high-growth enterprises in Shanghai [1][7]. - The plan aims to cultivate a pyramid structure of high-growth enterprises, targeting 1,000 companies by 2027, including 400 potential gazelles, 300 gazelles, 200 potential unicorns, and 100 unicorns [5][10]. Group 2: Support for Unicorns and Gazelles - Unicorn companies will be included in a listing cultivation database, with comprehensive support for their fundraising projects [1][6]. - The plan emphasizes the importance of mergers and acquisitions for unicorns to optimize the industrial ecosystem and promote technological progress [1][4]. Group 3: Financial and Development Support - The action plan proposes various financial support measures, including up to 30% support for contracts related to large model research and up to 40 million yuan for software and integrated circuit talent teams [8][11]. - Annual evaluations will be conducted to recognize and reward newly selected gazelle and unicorn companies with financial incentives of up to 1 million yuan and 2 million yuan, respectively [7][11]. Group 4: Standardization and Management - Shanghai is working on establishing clear definitions and management methods for high-growth enterprises, aiming to standardize the selection criteria for gazelles and unicorns [9][10]. - The plan includes a commitment to address common challenges faced by high-growth enterprises, such as financing, listing, and talent acquisition [10][11].

Core Viewpoint - The article discusses the "Three-Year Action Plan for Promoting the Accelerated Development of High-Growth Enterprises in Shanghai (2025-2027)", which aims to support high-growth enterprises through seven major actions and 21 specific measures [1][8]. Group 1: Action Plan Overview - The action plan focuses on accelerating the development of high-growth enterprises, including unicorns and gazelles, which are crucial for driving economic growth and innovation [6][7]. - Shanghai aims to cultivate over 1,000 high-growth enterprises by 2027, with a structured pyramid system targeting 400 potential gazelles, 300 gazelles, 200 potential unicorns, and 100 unicorns [8]. Group 2: Support for Unicorns - The plan includes integrating unicorns into a listing cultivation database and providing comprehensive support for their fundraising projects [2][9]. - The goal is to add at least two unicorns valued over $10 billion by 2027 [5][8]. Group 3: Specific Measures - The action plan outlines 21 specific measures, including enhancing support for major technology projects, incubating high-quality startups, and providing financial incentives for selected gazelles and unicorns [10][11]. - It proposes a maximum support of 30% for contracts related to large model research and up to 30 million yuan for core talent teams in software and integrated circuit companies [11]. Group 4: Standardization and Management - Shanghai is working on establishing clear definitions and management methods for high-growth enterprises to standardize the selection process [12][13]. - The city plans to publish normative documents to clarify the definitions and support mechanisms for gazelles and unicorns [13]. Group 5: Regional Initiatives - Local initiatives, such as the "Thousand Sails Plan" in Xuhui District, aim to identify and nurture high-potential SMEs, targeting the cultivation of 20 unicorns and potential unicorns by 2027 [15]. - The plan emphasizes collaboration among districts to refine support measures tailored to the needs of high-growth enterprises [14].

Core Viewpoint - Shanghai aims to establish a tiered system of high-growth enterprises, targeting over 1,000 such companies by 2027, including potential gazelles, gazelles, potential unicorns, and unicorns [1][3] Group 1: High-Growth Enterprise Categories - The plan categorizes high-growth enterprises into four types: potential gazelles (400), gazelles (300), potential unicorns (200), and unicorns (100), with a goal to nurture at least 2 unicorns valued over $10 billion [3] - Potential gazelles are in the early stages of development, focusing on new sectors with strong innovation potential [3] - Gazelles are in the growth phase, characterized by product, technology, management, and model innovations [3] - Potential unicorns have mature core technologies and stable market foundations, while unicorns have clear business models and significant industry influence [3] Group 2: Policy Measures - The action plan includes 21 measures, with financial incentives such as up to 1 million yuan for newly recognized gazelles and up to 2 million yuan for newly recognized unicorns [4] - The plan emphasizes tailored support for different growth stages, including listing guidance and resource integration for unicorns [5] - Shanghai will implement the "Unicorn Enterprise Value Leap" initiative to assist companies with listing, mergers, and global expansion [5]