Taizhou's Sanmen county launched a high-level talent venture and innovation contest on Sept 26.

The contest, which is in its fourth edition this year, aims to solicit entrepreneurship projects related to sectors including new materials and smart manufacturing from around the world.

Since its first edition in 2019, the event has attracted more than 300 entrants, and developed a batch of innovation-driven companies with strong growth momentum, such as Taizhou Gaussian Automation Technology Co Ltd.

This year, the contest will be held both online and offline. Hangzhou was selected as the first stop of the offline preliminaries, and 15 projects participated in the roadshow after the launch ceremony.

The offline winners will be announced after Oct 9 alongside the online winners.

The contest's winners will likely be included in the 500 Elite Plan, an initiative launched by the Taizhou municipal government to attract global talents

In addition, they can enjoy preferential policies including low-interest loans, housing allowances, and rent exemptions for office space and be given favorable treatment in fields including public transportation, social security and offspring educational service.