(Yicai Global) Jan. 2 -- Ningbo, Zhejiang province, will offer up to CNY5 million (USD769,000) to entrepreneurs across nine major industries to help them nurture their startups.

The move marks the eastern city's second talent investment in eight days, after it made a similar announcement to supply funds for its 3315 Plan last week, state-owned news agency Xinhua reported. The latest funds available come under a new 'Pan-3315' initiative.

The new strategy focuses on introducing and supporting high-level talent in e-commerce, logistics, finance and insurance, education, health, culture and sports. Eligible companies, those with more than CNY3 million in private capital, will receive grants worth CNY5 million, CNY3 million or CNY1 million, while entrepreneurs behind the firms will receive a CNY500,000 stipend.

Top projects will be able to receive unlimited funding through the 'one project, one discussion' model, which uses democracy to supply money for public services.

The original 3315 strategy emphasizes bringing in talent for startup projects in intelligent manufacturing and the smart economy, covering areas such as new materials, high-end equipment, clean energy and biomedicine. Eligible startups, will receive government funding worth 30 percent of their private investment.