Xiangzhou District, Zhuhai

Zhuhai is assembling potential unicorn companies at any development stage, promising to help them grow.

A unicorn is an emerging economic term describing a pre-IPO company with $1+ billion market value. Potential unicorn enterprises are those valued at $100+ million with over $50 million in private-equity investment.

The Zhuhai government announced a program recently to support these hopefuls.

Eligible candidates should be engaged in strategic emerging industries in line with the city's development blueprint. Involved businesses include new-generation information technology, artificial intelligence, intelligent equipment, aviation and aerospace, new energy, biomedicine, Big Health, and cultural creativity.

Applicants that are still in seed stage will be given particular attention, according to the Zhuhai Science, Technology, Industry, Trade & Information Technology Bureau. But they have to prove their huge development potential by mastering core technologies or demonstrating an ability to create a surge in market value in the near future.

In addition to local enterprises, companies that are based elsewhere but agree to relocate to Zhuhai, or just establish a headquarters or an R&D and manufacturing base in the city, are also eligible for favorable policy treatment.

Online registration runs until August 10 at http://ywgl.zhcz.gov.cn/egrantweb/. The process will involve application screening, roadshows, Q&A sessions, and field inspections. Check the website to see if your enterprise is exceptionally promising enough to skip some steps of the selection process.

Meizu Technology, a leading mobile phone manufacturer located in Zhuhai, is a unicorn enterprise. [Photo courtesy WeChat account (ID:zszhuhai)]