Torbay Council in Devon is offering foreign-owned companies up to £10,000 to relocate all or part of their operations to the region.
Its Invest in Torbay ‘soft landings’ package is also available to foreign-owned companies already with a presence in the UK.
Tobay Development Agency (TDA) is working with several foreign owned companies in Europe and the US to support investment.
The plan involves Epic, a new centre providing specialist equipment, purpose-built labs and modern offices for lease.
Jason Buck, investment development manager at TDA, said: 'The soft landings programme provides a further incentive and helps support companies with the initial financial challenges of relocating.
'The UK also offers R&D tax credits and low corporation tax which are a big plus for tech companies, particularly those from the US.'