Yangpu District released 10 major supportive policies over the weekend for startup companies, covering financial subsidy, lower office rent, legal protection and business advises.

The office rent offered to startup enterprises based in the district will be at most 70 percent lower than the price of nearby office buildings, while the government will further subsidize, the district government told a conference yesterday to optimize business environment and establish a quality entrepreneurship base.

In addition, the government will offer legal assistance to the startups, on both commercial affairs and intellectual property rights protections.