Innovation, entrepreneurship policies in Optics Valley
I. Increase investment in science and technology and enhance innovation capabilities
1. Speed up the construction of the Optics Valley technology innovation cluster.
2. Support the construction of high-level sci-tech innovation platforms.
3. Support enterprises to increase their R&D investment.
4. Encourage enterprises to take the lead in undertaking major national science and technology projects.
5. Promote the development of innovative organizations in emerging industries.
6. Support breakthroughs in major core key technologies.
II. Support innovation and entrepreneurship to develop the new economy
1. Reform the mixed ownership of scientific and technological achievements.
2. Support the transformation of scientific and technological achievements of colleges and universities.
3. Reward research personnel and teams who make progress in major sci-tech R&D projects.
4. Encourage the entrepreneurship of technological companies by sci-tech personnel, company staff members, overseas returnees and college students with scientific and technological achievements.
5. Support the development of gazelle companies -- young fast-track growth enterprises.
6. Support the R&D of companies.
7. Support the military-civilian integration of technological innovation.
8. Support the construction of high-level sci-tech innovation platforms.
9. Support the development of innovation and entrepreneurship carriers.
10. Create a relaxed and inclusive development environment.
Contact: the industry development and technology innovation bureau, telephone: 027-67880552
III. Accelerate the construction and development of maker spaces
Maker spaces to settle in East Lake High-tech Development Zone -- also known as the Optics Valley of China in Central China's Wuhan city -- will get subsidies and rewards in rent for public venues, performances, facilities and activities, as well as international cooperation support and settlement supports.
Contact: the industry development and technology innovation bureau, telephone: 027-67880553
IV. Gazelle enterprises identification and cultivation measures in Optics Valley
Gazelle enterprises to settle in Optics Valley will get subsidies in consultation, talent cultivations, exchanges between national renowned enterprises and loans.
Contact: the industry development and technology innovation bureau, telephone: 027-67886052
V. Identification of high-tech enterprises
Each company that passes identification for the first time will be rewarded with 50,000 yuan ($7,740); each company that has been certified for three years and passed re-identification will be rewarded with 30,000 yuan; while each company that has submitted identification application materials but has not passed the review will receive a subsidy of 10,000 yuan.
Intermediary agencies that help 10 or more enterprises in the zone to pass the identification each year will be rewarded 2,000 yuan each.
Contact: the industry development and technology innovation bureau, telephone: 027-67880523