Hainan Free Trade Port has announced a series of measures to provide policy, financial, and talent support for technological innovation. They will come into effect on Jan 1, 2022.
Hainan will actively cultivate small and medium-sized technology-based, high-tech and technology-based leading enterprises. It will encourage enterprises to increase R&D investment, technology shareholding, and technology transfer through funding, rewards, and subsidies.
Hainan encourages innovative companies to set up new R&D institutions, science and technology service organizations and platforms for technology transfer, intellectual property rights, and technology consulting.
The highlands of technological innovation in Nanfan and seed industry, deep sea and aerospace technology will be created in Hainan.
It encourages key industrial parks to set up international offshore innovation and entrepreneurship pilot zones and overseas scientific and technological talents to innovate and start businesses in Hainan FTP. It supports multinational companies and overseas R&D institutions to establish R&D institutions and technology transfer centers in Hainan FTP.
It will establish a management mechanism for cross-border use of financial scientific research funds, relax restrictions on foreign personnel participating in government scientific research tasks, and allow qualified foreigners to innovate and start businesses.
It will provide a financial research funding management system and a fiscal responsibility system on fiscal revenue and expenditure for talents and basic research projects.
The Hainan Free Trade Port. [Photo/WeChat account: gh_90800d97b604]
Overview
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