Applicable Objects:

Start-ups

Small and medium-sized technology-based firms

Content of Support:

1. A fixed amount of grant of RMB 100,000 yuan will be given to each project that has been formulated, mainly to subsidize the R&D expense over the past one year by the day of application. District-level governments shall provide matching funds for recommended projects by their administrative regions that are no less than the actual amount of funds given by the municipal-level government.

2. The annual technological innovation fund for small and medium-sized technology-based firms in Shanghai will be channeled through “Startup in Shanghai” International Innovation & Entrepreneurship Competition.

Applicable Conditions:

1. Areas to support:

Key support will be given to small and medium-sized technology-based firms including strategic emerging industries and technological service industry (technology transfer, new media in science and technology area, etc.), such as information technology of new generation, advanced manufacturing, bio-industry, new energy, new materials, energy preservation and environment protection as well as new energy vehicles, among which enterprises that provide epidemic prevention and control solutions with the introduction of new technology and new models will be given support first.

2. Qualifications and requirements for applicants:

(1) Non-listed small and medium-sized technology-based firms that are not involved in disputes over intellectual property right and do not hold poor records that shall also meet the following requirements:

(2) Annual revenue for last year is less than RMB 30 million yuan;

(3) Number of employees is no more than 300, among whom personnel directly engaging in R&D work account for no less than 10%;

(4) Annual R&D expense of last year is no less than 5% of the total revenue of the year and expense for completed R&D projects is no less than RMB 400,000 yuan (expense based on which subsidies have been granted shall not be taken into account repeatedly). All R&D expense records for completed projects shall be provided in detail;

(5) For one single enterprise, the fund shall be granted for no more than 3 times;

(6) Application by enterprises that have been given the fund before will not be approved if: 1) the enterprises’ formulated projects are still ongoing and yet to be accepted on December 31st, 2019; 2) the enterprises’ formulated projects did not pass the acceptance test in the past 3 years; or 3) the enterprises’ formulated projects were terminated in the past 5 years.

 

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