Beijing’s Tongzhou District is planning to put up hundreds of millions of yuan to attract elite talents to lead the district’s development in the next five years.

On August 1, Tongzhou District launched two talent recruitment projects, dubbed “the Lighthouse Project” and “the Canal Project,” targeting high level professionals both within China and abroad.

Over the next five years, the Lighthouse Project, targeting candidates from overseas, will provide the platform for innovation and entrepreneurship from 100 individuals and 50 teams. The Canal Project, on the other hand, will support 1,000 domestic talents and 100 domestic platforms.

Each candidate accepted by the Lighthouse Project will be provided one million yuan (US$148,830). For those who would be successful in starting their own companies, the project will provide up to 500,000 yuan annually, for three consecutive years, as funding for the company’s research and development.

The Canal Project will provide each accepted candidate up to 100,000 annually for five consecutive years. Candidates accepted by its leadership and youth programs will also receive up to 50,000 yuan annually for five consecutive years.

Entrepreneurs applying for the Lighthouse Project should have been in China for no more than six years. Their companies should have operated in Tongzhou District for at least one year and no more than five years. The company’s proprietary products or technologies should exhibit international renown and have the potential to be applied in industrial development.

Applicants for the Canal Project should come from government institutions or civil organizations in the Tongzhou District, or enterprises registered at the tax authority of the district. The project is searching for candidates exhibiting outstanding performances or high potential from four professional fields: technology, education, health and culture.

The Lighthouse Project will recruit between 10 and 15 talents in 2017, and the Canal Project will recruit 180.

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