Independent Innovation and Circular Economy

Newly-established foreign-invested production projects conforming to the industrial policies of Shenzhen, belonging to the encouraged category or allowed category in the Catalogue for the Guidance of Foreign Investment Industries and having a total investment below USD 30 million shall be examined and approved by district economic and trade authorities, and then be submitted to the Municipal Bureau of Trade and Industry for registration.

1. Independent Innovation Industries
A. Implement the independent innovation strategy to build an innovative city;
B. Strengthen the support to leading enterprises in independent innovation industries. Offer R&D aid fund (below RMB 5 million) to leading enterprises in the six strategic innovation industries (communication, digital audio & video, software, new energy-storage materials, biological pharmaceutical & medical equipment, and semi-conductors) and other key fields.
C. Offer construction aid fund (RMB 3 million) from the municipal scientific R&D fund to accredited key laboratories of city level or above. Offer construction fund of RMB 2 million to those having passed class A examination in independent innovation, RMB 3 million to those having passed class AA examination, and RMB 10 million to those having passed class AAA examination.
D. Encourage large and medium-sized enterprises to construct independent R&D institutions. Offer aid fund of RMB 5 million and RMB 3 million to accredited state level and city level R&D centers respectively. Enterprises with R&D centers of city level or above can enjoy favorable treatment of key enterprises and the Direct Services treatment.

2. CircularEconomy
A. To boost development of the circular economy in Shenzhen, build a resource-saving and environment-friendly city, and realize comprehensively sustainable development of economy, society and environment. Utilize the fiscal subsidy system to propel the development of the circular economy.
B. The municipal and district governments shall arrange certain funds annually to propel the development of the circular economy, and may offer appropriate fiscal subsidy to units and individuals as follows:
Scientific research institutions, corporate and government-sponsored units, other organizations and individuals engaged in technological research and development involving the circular economy;
Enterprises adopting new technologies from the said R&D to manufacture products conforming to the requirements of the circular economy;
Enterprises and other organization adopting other new technologies and processes compatible with requirements of the circular economy.
C. Designated governmental funds including technological R&D funds, technological renovation funds shall be firstly arranged for technological R&D and product development of the circular economy and other projects that propel the development of the circular economy.

Favorable Policies
Independent Innovation and Circular Economy
Industry Policies
Enterprise Service
Intellectual Property & Patents
Talents
Others