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Innovation fund support policy

( chinadaily.com.cn )

Updated: 2014-11-20

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The Urumqi high-tech industrial developmental zone technology Innovation Fund is a special government-guided fund. It aims at gradually establishing a new investment system that corresponds to market laws and support the enterprises’ technological innovation. This is achieved by bringing in companies, capital investments from technology ventures, and investments from financial institutions in technology innovation. The Innovation Fund is open to various small or medium-sized technology-based enterprises registered in the high-tech developmental zone. It does not seek profits. It supports enterprises with technological innovation projects to sharpen their innovation capacity.

(1) Innovation Fund support targets

① Innovation Fund support projects shall meet the following conditions:

a. Projects that meet with national industrial and technology policies, with high technological contents and innovation capacity, and are technologically advanced in the country.

b. Projects should be oriented in production, sales and profits, with great market potentials and competitiveness, creating sound economic and social benefits, and a likelihood of developing into emerging industries.

② The Innovation Fund preferentially encourages united innovation among production companies, universities and research institutions, and extends priority support to projects of independent intellectual properties, high technologies, high added values, are environment friendly, and are export oriented.

(2) Innovation Fund support ways

The Innovation Fund extends support in the same way of bank loan interest subsidies, free financing, capital fund (equity capital) investments, in accordance with the features of companies and development stages of the projects.