Core Viewpoint - Shanghai aims to promote high-growth enterprises to achieve high-quality development through a three-year action plan from 2025 to 2027, focusing on building a competitive industrial advantage and enhancing new productivity [1] Group 1: High-Growth Enterprise Development - The action plan targets to build a tiered system of high-growth enterprises, aiming to exceed 1,000 such enterprises by 2027, with specific goals for different categories: 400 potential gazelles, 300 gazelles, 200 potential unicorns, and 100 unicorns [2] - The plan emphasizes the need for a gradient cultivation mechanism, providing tailored services based on the development stage and industry characteristics of the enterprises [2][4] Group 2: Support for Potential Gazelles - For potential gazelles, the plan includes providing entrepreneurial guidance and organizing training programs to enhance management capabilities [4] - Increased financial support is proposed, including direct financing through angel funds and specialized loans from banks to facilitate early-stage investments [4][5] Group 3: Support for Gazelles - The action plan suggests enhancing equity financing support for gazelles by optimizing the assessment mechanisms of state-owned funds and facilitating connections with various investment funds [5] - It also encourages the provision of industrial space through long-term leasing and other methods to meet the operational needs of gazelles [5][6] Group 4: Support for Potential Unicorns - The plan proposes establishing R&D innovation platforms in collaboration with universities and research institutions to support potential unicorns [7] - It emphasizes the need for technological upgrades and encourages partnerships for collaborative R&D to enhance innovation capabilities [7] Group 5: Support for Unicorns - For unicorns, the action plan includes initiatives to support their listing and provide comprehensive services for fundraising projects [8] - It also promotes mergers and acquisitions to optimize the industrial ecosystem and encourages international market expansion for unicorns [8] Group 6: Addressing Development Challenges - The action plan outlines measures to support high-growth enterprises in securing innovation resources, including funding for technology upgrades and talent acquisition [9][10] - It emphasizes the importance of creating a favorable business environment by enhancing service effectiveness and addressing the actual difficulties faced by enterprises [10]

Core Viewpoint - Shanghai aims to establish a high-growth enterprise ecosystem consisting of potential gazelle companies, gazelle companies, potential unicorns, and unicorns, targeting over 1,000 high-growth enterprises by 2027 [1][3] Group 1: High-Growth Enterprise Categories - The high-growth enterprises include four categories: gazelle companies, potential gazelles, unicorns, and potential unicorns, with potential gazelles being in the early stages of development and characterized by strong innovation and growth potential [3][4] - Gazelle companies are in the growth phase, supported by product, technology, management, and model innovations, while potential unicorns have mature core technologies and products with stable market foundations [4] Group 2: Seven Major Actions - The first action is to implement a "gradient cultivation" initiative for high-growth enterprises, which includes identifying and supporting major technology projects, incubators, and investment institutions, with rewards of up to 200,000 yuan for newly recognized gazelle and unicorn companies [5] - The second action focuses on providing precise services for potential gazelles, including entrepreneurial guidance, funding support, and product promotion [5][6] - The third action aims to support the rapid development of gazelle companies through equity financing and space guarantees [6] - The fourth action encourages innovation among potential unicorns by supporting the establishment of verification centers and promoting collaboration with research institutions [6][7] - The fifth action enhances the value transition for unicorns by providing listing guidance and facilitating mergers and acquisitions [7] - The sixth action empowers enterprises throughout their development cycles by enhancing support for innovation, talent, and intellectual property [7][8] - The seventh action focuses on creating a conducive environment for high-growth enterprises through resource integration and effective service delivery [8] Group 3: Focus on Key Enterprises - Since 2023, Shanghai has been exploring key service models for high-growth enterprises, with the number of listed unicorns increasing from 63 to 156, representing a total valuation exceeding 1.3 trillion yuan [9] - The Shanghai Small and Medium Enterprises Development Service Center plans to implement a service package for high-growth enterprises, addressing their needs through regular consultations and tailored services [9][10] Group 4: Regional Development Initiatives - The Xuhui District in Shanghai has established a comprehensive layout for artificial intelligence, supporting over 46,000 enterprises, with a significant number being innovative small and medium enterprises [10] - Xuhui aims to cultivate 1,000 high-growth enterprises and 20 potential unicorns and unicorns by 2027, leveraging regional advantages and implementing the "Thousand Sails Plan" [10][11]

Core Viewpoint - The Shanghai Municipal Economic and Information Commission has launched a three-year action plan (2025-2027) to support high-growth companies, particularly unicorns, by providing comprehensive services to accelerate their entry into the capital market [1][4]. Group 1: Action Plan Overview - The action plan aims to create a complete enterprise hierarchy from "potential gazelles" to "unicorns," establishing Shanghai as a regional innovation ecosystem [4]. - By 2027, Shanghai plans to support over 1,000 high-growth companies, including 400 potential gazelles, 300 gazelles, 200 potential unicorns, and 100 unicorns, with a goal of adding at least two unicorns valued over $10 billion [4]. Group 2: Specific Measures - The action plan includes 21 specific measures across seven key actions, focusing on supporting companies in their listing processes and optimizing their industrial ecosystems through mergers and acquisitions [4]. - Different support levels are provided based on the company's development stage, from early-stage funding for potential gazelles to advanced support for unicorns in achieving value transitions [4][5]. Group 3: Shared Services and Support - Shanghai will offer shared services for high-growth companies, including support for computing power rental for large model research and substantial rewards for core talent teams [5]. - The city plans to include four categories of high-growth companies in its key service list, addressing challenges in financing, listing, international expansion, and talent acquisition [5]. Group 4: Implications - The action plan represents a significant commitment from Shanghai to build future industrial advantages and signals strong support for the growth of high-potential enterprises [6].

Core Viewpoint - Shanghai aims to accelerate the development of high-growth enterprises, targeting to exceed 1,000 such companies by 2027 through a structured "4321 pyramid" nurturing system [1] Group 1: Action Plan Overview - The "Action Plan" includes seven major actions and 21 specific measures to promote high-growth enterprises, which include gazelle, potential gazelle, unicorn, and potential unicorn companies [1] - The goal is to cultivate 400 potential gazelle companies, 300 gazelle companies, 200 potential unicorn companies, and 100 unicorn companies, with a target of nurturing at least two unicorns valued over $10 billion [1] Group 2: Support Measures - The plan emphasizes enhancing entrepreneurial guidance and providing various training activities to address challenges such as lack of experience and funding [2] - Financial support will be increased through angel funds, venture funds, and corporate venture capital investments to assist early-stage projects [2] - Industrial parks are encouraged to offer various property spaces to gazelle companies through long-term leasing and other methods [2] Group 3: Innovation and Talent Support - The plan proposes strengthening support for innovation elements, including up to 30% funding for large model research contracts, with a maximum support of 40 million yuan [2] - Talent support will be enhanced, with core talent teams in software and integrated circuit companies eligible for rewards up to 30 million yuan [2] Group 4: Implementation Strategy - The next steps for the "Action Plan" include defining target enterprises, enhancing government-business communication, and building a matching platform [3] - A management implementation guideline will be developed to clarify definitions, service arrangements, and dynamic management for high-growth enterprises [3] - The annual list of key service unicorn (potential) companies has expanded from 63 to 156, with a total valuation exceeding 1.3 trillion yuan [3]

Core Points - Shanghai has issued the "Three-Year Action Plan for Promoting the Accelerated Development of High-Growth Enterprises (2025-2027)" [1] - The plan aims to increase the number of high-growth enterprises to over 1,000 by 2027 [1] - A "4321 pyramid cultivation system" is proposed, targeting 400 potential gazelle enterprises, 300 gazelle enterprises, 200 potential unicorn enterprises, and 100 unicorn enterprises [1] - The goal includes nurturing at least 2 additional unicorn enterprises with valuations exceeding $10 billion [1]