Nansha rolls out policies to boost tech innovation

On Jan 2, Nansha held a conference to unveil new tech and industry innovation policies, honoring top 2024 contributors and high-tech firms. The event emphasized using tech to drive productivity and strengthen the manufacturing sector for high-quality growth.

Nansha introduced 27 innovation-driven policies and signed an agreement with the provincial science department to establish the Guangdong-Nansha Joint Fund, the province's first regional fund. With an annual budget of at least 20 million yuan ($2.74 million), it aims to boost basic and applied research.

The policies also focus on marine tech, aerospace, biomedicine, and the digital economy, areas key to Nansha's growth. The "Five Ten" action plan will break through 10 frontier technologies, set 10 standards, create 10 application scenarios, nurture 10 model enterprises, and strengthen 10 innovation parks. Up to one hundred million yuan will be used to support R&D, with rewards of up to 3 million yuan per company.

Nansha offers up to 2 million yuan to encourage tech transfers for firms adopting research outcomes. Innovation platforms can receive up to 3 million yuan, and incubators fostering high-tech firms can get up to 300,000 yuan.

Nansha also supports Hong Kong and Macao collaborations, offering up to 5 million yuan for joint platforms and 1 million yuan for award-winning projects.

By fostering collaboration, supporting research, and incentivizing tech adoption, Nansha aims to drive sustainable economic growth and position itself at the forefront of the global innovation landscape.