TWO local political advisers to the annual session of the CPPCC proposed that the city government should set up an incubation park outside the former special economic zone for young entrepreneurs and designers, according to Shenzhen Evening News.

    Chen Zhilie, chairman of the board阿 of directors at Evoc Intelligent Technology Co., said the government should plan the large incubation park outside of the former special economic area to lower the cost of starting up a business, and meanwhile build facilities to facilitate the daily life of the entrepreneurs.

    Chen said the monthly rent is as high as 300 yuan (US$48) per square meter in downtown areas in Futian and Nanshan districts, posing a heavy economic burden for small startups.

    Shenzhen has been a breeding ground for startup businesses, especially electronics and telecommunications companies. The city has almost one-third of the country’s venture capitalist firms and private equities, said Chen.

    He said an incubation park, just like the high-tech park set up in Nanshan District more than a decade ago, in a less expensive area will cater to startups, which are hopefully another growth engine for the city’s economy. “Many young people have good ideas, and the government should encourage them to turn their good ideas into businesses and provide them with financial support,” said Chen.

    “The government should support the companies, especially private ones,” said Ren Kelei, former president of OCT Group, whose advice is to establish a national platform that analyzes and commercializes big data about industrial design. In addition, he has requested that the government provide more financial support to the companies, protect their intellectual property rights and set up an international design institute to take advantage of global sources.

    (Luo Songsong)