Beijing to fund $14.4 million for Zhongguancun Science City

2018-10-10 15:34 千龙网

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Beijing’s Haidian district announced to implement a plan to support Zhongguancun Science City’s proof-of-concept development on the opening ceremony of 2018 National Mass Innovation and Entrepreneurship Week held on October 9-15, 2018.

According to the plan, a comprehensive special fund of 100 million yuan (about 14.4 million U.S. dollars) will be established to support the region’s carrying out of proof-of-concept projects and establishment of higher education institutes’ proof-of-concept centers.

The supported projects of the plan are these of Beijing’s ten high-grade, precision and advanced industries and the priority will be given to projects in following sectors: new generation information technology, artificial intelligence, health and medicine, new material, advanced manufacturing as well as energy and environment.

Haidian district plans to solicit and support 20 proof-of-concept projects annually, and grant them each maximum 500,000 yuan as project fund and less than 100,000 yuan as collaborative innovation fund for projects’ purchasing technical service.

Haidian district also plans to support universities and science research institutes in Zhongguancun Science City area to set up the first batch of five proof-of-concept centers. Haidian district will grant each center five million yuan every year for three consecutive years, and the total fund will amount to 75 million yuan.


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