Shenzhen Overseas Chinese High-Tech Venture Park is a base founded by Shenzhen municipal government to attract overseas Chinese to set up their enterprises in Shenzhen. The park is jointly established by Shenzhen Municipal Personnel Bureau, Shenzhen Municipal High-Tech Office, Longgang District Government and CASB Ventures LLC in USA. It is the first venture park in China jointly invested and operated by government and overseas Chinese organization.
Located in Shenzhen High Tech Industrial Park, SZOCHTVP has offices of more than 50,000 m2 for R&D purpose. Furthermore, the "Overseas Chinese Venture Building" is now under construction, it is an office building with an area of 50,000 m2, and it will be in operation at the end of 2005.
The park is operating as an enterprise following international practice and has three main functions: 1) incubator, i.e. provide site for scientific research, experiment, and administration, and provide perfect auxiliary facility and management services; 2) project management, assist returnees in their searching for domestic cooperation partners and capital for the establishment of enterprises and industrialization of scientific research achievements; 3) capital management, induce venture capital (especially foreign venture capital), functioning as a venture capital management company, and help to finance their business for enterprises in the park.
The park has a great variety of human resources, include many Doctors and Masters with overseas education background and working experiences. An expert consultation committee composed of famous experts and scholars at home and abroad has also been set up for policy making and management of the venture park.