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Pudong supports high-tech start-ups

Six high-tech companies won a total investment of 340 million yuan (US$50.3 million) from Pudong District Government this morning.

This is part of Pudong's 2-billion-yuan project to lure top-level professionals to start up firms in Pudong from now to 2015.

The six companies received the government funds through two State-owned venture capital firms. All of them have advanced technologies and a management team with global perspectives.

Pudong plans to invest in high-tech firms involved in the city's growth industries such as integrated circuits, biomedicine, and new materials, Pudong officials said today.


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