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In accordance with the requirements of the Nanjing Development and Reform Commission’s “Notice on the Application for Nanjing’s Unicorn, Cultivated Unicorn, and Gazelle Enterprises”, in order to continuously accelerate the cultivation of a group of high-growth enterprises with fast growth, strong innovation capabilities, new professional fields, and great development potential, and to stimulate new advantages of new quality productivity, we are now organizing the application for Nanjing’s unicorn, cultivated unicorn, and gazelle enterprises.
One
Application conditions
The enterprise must be registered and pay taxes in Gulou District, have independent legal person status, have no major dishonesty records, and meet the relevant index requirements:
1. Unicorn companies: companies that have received private equity investment, have not yet been listed (including domestic main board, ChiNext, Science and Technology Innovation Board, Beijing Stock Exchange and overseas capital markets, excluding the New Third Board), and whose latest round of market financing valuation exceeds US$1 billion.
2. Cultivate unicorn enterprises: those that have received private equity investment but have not yet been listed (including domestic main board, GEM, STAR Market, Beijing Stock Exchange and overseas capital markets, excluding the New Third Board). According to the main business areas of enterprises, they are divided into two categories: service industry and manufacturing industry. Among them, the latest round of market financing valuation of service industry enterprises exceeds US$100 million, and the latest round of market financing valuation of manufacturing enterprises exceeds US$50 million.
3. Gazelle enterprises: According to the main business areas of the enterprises, they are divided into two categories: service industry and manufacturing industry. Among them, the revenue of service industry enterprises in 2021 shall not be less than RMB 5 million, and the revenue shall achieve positive growth in the three years from 2022 to 2024, and the compound growth rate shall not be less than 50%; the revenue of manufacturing enterprises in 2021 shall not be less than RMB 3 million, and the revenue shall achieve positive growth in the three years from 2022 to 2024, and the compound growth rate shall not be less than 20%.
4. The industry field of the applicant enterprise must be in line with the key directions of Nanjing’s “Industrial Powerhouse” strategy [automobiles (including new energy vehicles), software and information services (including electronic information, new generation artificial intelligence, metaverse, future networks and advanced communications), new power (smart grid) (including energy storage and hydrogen energy), intelligent manufacturing equipment (including rail transit), integrated circuits (including third-generation semiconductors), biomedicine (including genes and cells), new materials (including petrochemicals, steel), aerospace, modern finance, scientific and technological services, modern logistics, high-end commerce, cultural tourism industry, sports industry, platform economy, headquarters economy, green economy, etc.].
two
Application Materials
1. Applicants for unicorns and enterprises cultivating unicorns must fill in the summary form (Appendix 1) and the information form (Appendix 2), and provide a copy of the business license, a copy of the front and back of the legal representative’s ID card, and the latest financing valuation certificate, including: the investment agreement for the latest round of equity financing of the enterprise (the financing amount, equity ratio, valuation, etc. must be indicated), proof of investment funds received (bank electronic receipt), etc.
2. Gazelle enterprises must fill in the summary form (Appendix 1) and the information form (Appendix 2), and provide a copy of the business license and the front and back of the legal representative’s ID card. The classification of the business field of the enterprise must be consistent with the classification of the enterprise’s business data into national economic statistics (service industry and manufacturing industry).
3. The electronic version of the relevant certification materials must be a color scan of the original. The paper version of the materials must be stamped with the official seal.
4. The applicant enterprise must complete the online application on the “Ningqitong” enterprise-friendly comprehensive service platform. The application materials must be stamped with the company’s official seal, scanned and saved in PDF format, and uploaded to the “Ningqitong” enterprise-friendly comprehensive service platform. The materials submitted online must be completely consistent with the electronic and paper versions submitted offline. Application platform website: http://nqt.nanjing.gov.cn/nqtmh/njyst/pages/index.html.
5. Applicants must complete online application and offline material submission simultaneously before February 14, 2025. The Ningqitong online application system will be open at 12:00 noon on January 9 and closed at 12:00 noon on February 17 .
three
Application requirements
1. Each enterprise can only choose one of the following categories to apply: unicorn, unicorn incubation, or gazelle enterprise. The enterprise must carefully prepare the relevant application materials, be responsible for the authenticity of the materials provided, and issue a statement of the authenticity of the materials (Appendix 3). Enterprises that commit fraud during the application process and provide false data and materials will be disqualified from applying.
2. For unicorn applications and unicorn cultivation companies, if the financing currency is RMB, the USD/RMB exchange rate is calculated based on the average exchange rate of the latest round of financing. (The specific exchange rate is based on the annual average exchange rate of the USD/RMB midpoint of the year announced by China Money Network, query website: https://www.chinamoney.com.cn/chinese/bkccpr).
3. For the application of Gazelle Enterprise, the calculation formula of compound growth rate of revenue is:
Four
Special reminder
1. The certification is conducted once a year and the qualification is valid for one year. Enterprises that have been approved for certification in 2023 must re-apply, otherwise the qualification will be invalid.
2. Regardless of whether the enterprise is in the “manufacturing” or “service” industry, as long as it can meet the minimum requirements (manufacturing requirements), it is encouraged to apply.
3. This year, the “establishment within 10 years” condition has been cancelled for unicorns and unicorn-in-cultivation companies. There is no requirement for the number of years of establishment. As long as the valuation meets the requirements, they can apply.
