Shenzhen Unveils Affordable Industrial Spaces for Tech Startups
On the morning of March 10, 2025, the Shenzhen State-Owned Assets Supervision and Administration Commission (SASAC) announced a significant initiative to support small and micro-sized technology enterprises. In collaboration with municipal and district governments, the commission has allocated 100,000 square meters of industrial park resources owned by state-owned enterprises to provide low-cost, high-quality industrial spaces.
Zero-Rent Policy to Support Innovation
To attract innovative tech companies, the initiative offers rental incentives for startups meeting specific policy criteria set by the district government. Eligible businesses can enjoy:
- Up to two years of rent-free occupancy
- One-year lease: Full rent waiver for the entire year
- Three-year lease: Free rent for the first two years, 50% discount in the third year
This zero-rent policy aims to ease financial burdens for startups, allowing them to focus resources on research, development, and scaling operations.
Strategic Industrial Park Allocation
The newly allocated industrial space is strategically located in key innovation hubs across the city, providing:
- State-of-the-art facilities tailored for high-tech enterprises
- Access to Shenzhen’s robust tech ecosystem
- Opportunities for collaboration with leading research institutions and industry giants
Boosting Shenzhen’s Role as a Tech Powerhouse
Shenzhen’s commitment to fostering a dynamic and innovative business environment is reflected in its proactive policies. The launch of affordable industrial spaces is expected to:
- Attract high-potential startups to the city’s growing tech landscape
- Support cutting-edge R&D and technological advancements
- Strengthen Shenzhen’s position as a global leader in innovation
With this initiative, Shenzhen continues to lower entry barriers for emerging businesses, ensuring that the city remains a hotspot for entrepreneurship and technological breakthroughs.
