Innovation subsidies

Changchun government recently worked out a series of policies to encourage enterprises to strengthen technical innovation and develop new products with proprietary IPRs.

Those policies stipulate that, the government will give a subsidy of 500,000 yuan to newly-identified provincial enterprise technology centers.

And it will subsidize new products with annual sales revenue of 5 million yuan, which is listed as municipal enterprise technical innovation project plan and is in the leading position in domestic industry, and each item will receive an allowance of 300,000 yuan.

(China Daily 02/09/2009 page9)