The first Green Innovation Competition is now underway. The competition is organised by Green Partnership Partners (GPIPC) in collaboration with the China Recycling Economy Association, the Cleaner Production and Recycling Economy Research Centre of the Chinese Academy of Environmental Sciences, the China Environmental Investment Alliance and the World Wide Fund for Nature (WWF). This year's competition has invited 10 national economic and technological development zones as supporters, and participants will have the opportunity to enjoy their various welfare policies on a priority basis. What are the best policies to support innovation?

According to the latest Science and Technology Innovation and Entrepreneurship Service Guide formulated by the Guangzhou Huangpu District Science and Technology Bureau in 2020, the following preferential policies apply to this competition.

Extracted from “Guangzhou Huangpu District, Guangzhou Development Zone, Guangzhou High-tech Zone, Measures to Further Promote the Development of High-tech Industries”

1.     100%, 70%, and 50% of support capital are given to the technology projects that got technology reward by national, provincial, or municipal technology departments. The highest supports are 5 million, 3 million, and 1 million RMB respectively.

2.     10% of the growth of R&D increasement is given to the enterprises who have more than 5 million RMB R&D fees and built inner R&D institutions. The maximum is 1 million.

3.     5% of investment is given to the enterprises who obtain investment from institutions. The maximum is 1 million RMB.

Excerpted from the "Guangzhou Huangpu District Guangzhou Development Zone Gazelle Enterprise Recognition and Support Measures

1.     50,000 RMB for recognizing as the gazelle enterprise for the first time. 100,000 RMB for recognizing in 2 years continually. 200,000 RMB for recognizing in 3 years continually.

2.     An additional 20% reward of the R&D fee in the recognized year is given. The maximum is 500,000 RMB.

3.     For recognized gazelle enterprises and training gazelle enterprises who have the bank loan for expanding technology change, increasing R&D, and development, a one-time subsidized interest of benchmark lending rate of the people’s Bank of China over the same period is given. The maximum is 500,000 RMB.

4.     5% of investment is given to the enterprises recognized as gazelle enterprises and training gazelle.

Excerpted from "Implementation Measures for Gathering "Whampoa Talents" in Guangzhou Huangpu District Guangzhou Development Zone Guangzhou High-tech Zone

1.     80% of buying houses is given. Maximum 5 million, 3 million, and 2 million RMB respectively are given to outstanding talents, excellent talents, and management talents.

2.     150,000, 100,000, and 50,000 RMB is given to outstanding talents, excellent talents, and management talents who have not to enjoy the policy above respectively. 10% reward of annual personal income tax is given to talents for three years. The maximum is 5 million RMB.

3.     30,000 RMB for backbone talents.

4.     Entrepreneurship and investment support with a maximum of 10 million RMB respectively is given to leading talents.

5.     1 million RMB is given to the entrepreneurship talents.

6.     100% subsidy for renting houses with a maximum space of 150 square meters can be applied by outstanding talents, excellent talents, and management talents who have not enjoyed the first 2 policies for 5 years. 

7.     50% subsidy for renting houses with the maximum space of 90 square meters can be applied by Backbone talents, or those with full-time undergraduate education and bachelor's degree, or intermediate professional and technical titles, or national vocational qualification level II or above for 2 years.

Extracted from "Implementation Measures of the Project of Gathering Innovative and Entrepreneurial Leaders in Huangpu District Guangzhou Development Zone

1.     Support with a maximum of 10 million RMB is given to the project in three-phase payment according to 4:3:3. The support cannot exceed 50% of the project budget.

2.     A one-time reward of 10% of accumulated investment is given to leading talents who introduced risk investment in three years.

3.     A one-time reward of 500,000 RMB is given to the projects that have a risk investment of 5 million RMB. 1 million RMB is given to the projects that have a risk investment of 10 million RMB.

Extracted from "Guangzhou Huangpu District Guangzhou Development Zone Guangzhou High-tech Zone to further strengthen the use and protection of intellectual property rights to promote measures

1.     9000 RMB per authorized invention patent, 1000 RMB  per utility model authorized patent.

2.     12,000 RMB per a patent that applied through PCT to the national (international) stage.

3.     40,000 RMB per international invention authorized patent, maximum 6 nations per patent.

Click to download full details of the policy: Guide to Science, Technology, Innovation and Entrepreneurship Services