Zhongguancun companies have received huge equity investments from the Returned Overseas Pioneer Program, the program announced at a press conference on Jan 30. Over 120 representatives from overseas student pioneer parks and other entities joined the conference.

The program, which aims to support overseas returnees with their business in Zhongguancun Science Park, has held 10 promotion activities in 2012. As many as 17 companies benefited from the program and obtained a total equity investment of 190 million yuan ($30.55 million). More companies are expected to receive support from the program.

The program plans to hold 10 promotion activities from March to December this year, according to its 2013 schedule. These events will focus on major industries such as cloud computing, new energy and biomedicine.

The program benefits companies by bridging government, academic institutions and investors together and serves as an important platform in attracting investment.

Edited by Chen Zhilin and Michael Thai