The East Lake High-tech Development Zone (also known as Optics Valley of China, or OVC), encourages outstanding technicians who graduated from China's top universities with prominent scientific or technological achievements, backbone talent from industrial giants, overseas graduates, doctors from medical institutions, and innovative teams that stand out in innovation and entrepreneurship contests to establish new high-tech firms in OVC.

Such firms that were established within the past five years, possess Class-I intellectual property rights (IPR), and are currently operating and earning a profit, will be subsidized at 50 percent of their paid-in capital, with the subsidies being as high as 500,000 yuan ($75,000).

The major business of these firms is required to be closely related to the IPR they hold.

Candidates that have already enjoyed similar subsidies or grants from the government for their high-end programs cannot apply for the subsidy.

The Optics Valley will support up to 60 firms that meet the above standards.