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Declaration work for unicorn companies underway in Jiangsu

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etaizhou.gov.cn|Updated: March 23, 2023

Declaration work for unicorn companies and potential unicorn companies, which are start-up enterprises that are rapidly developing, rare, and pursued by investors, in Jiangsu province is underway.

At present, Taizhou in East China's Jiangsu has one unicorn company and nine potential unicorn companies.

Declaration requirements for unicorn companies are as follows. First, those with hard and core technology, are registered in Jiangsu province, as well as have independent legal personality and no bad credit record are qualified. Second, companies need to be founded in 2012 and later. Third, companies need to have obtained private equity investment and not yet be listed. Fourth, they need to have an estimated value over $1 billion.

For potential unicorn companies' applications, first, companies with hard and core technology, are registered in Jiangsu province, as well as have independent legal personality and no bad credit record are qualified. Second, they need to have been invested in and not yet listed. Third, they need to be founded in 2018 and later and have an estimated value of at least $50 million or they need to be founded from 2013 to 2017 and have an estimated value between $100 million to $1 billion.

Companies that meet the application requirements should fill in the application form and provide relevant supporting materials. Relevant materials should be submitted to the science and technology department of the Taizhou Port Economic Development Zone before April 18.

Contact: Taizhou Medical High-tech Zone (Gaogang district) high-tech department +86-523-86966247


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