The launch ceremony for the Anhui Overseas Students Pioneer Park is held in the Hefei National High-tech Industry Development Zone on March 25. [Photo/WeChat account: hefeigaoxinfabu]

The Anhui Overseas Students Pioneering Park was set up in the Hefei National High-Tech Industry Development Zone in Anhui province on March 25.

Anhui has been helping overseas talents start businesses and the park is expected to help cultivate more innovative entrepreneurs out of overseas students, said local officials at the launch ceremony.

Following the ceremony, seven companies including Hefei Shengda Electronics Technology Industry and Hefei X and AI Technology Ltd become the first group of firms founded by overseas students to settle in the new park.

According to the Department of Human Resources and Social Security of Anhui, innovative projects and high-end talents from the new park will receive government subsidies.