To elevate Tiankai Park (Xiqing) to exceptional standards and drive seamless fusion of scientific and industrial innovation, Xiqing district in Tianjin has devised a set of strategic policies. These measures aim to bolster technology transfer, industrialization, and overall innovation prowess in the park.
Establish special development funds. Focusing on supporting the construction and operation of Tiankai Park (Xiqing), innovation and entrepreneurship, technology transfer, enterprise development, and talent introduction, the special funds will be included in the district's financial budget, with an annual allocation of 200 million yuan ($27.87 million).
Strengthen government investment guidance. Focusing on the leading industries of Tiankai Park (Xiqing), local authorities will participate in the establishment of private equity investment funds and venture capital funds to support the innovative development of high-quality technology enterprises, and foster the industrial ecosystem of the park.
Implement a gradient cultivation plan. For selected "golden seed" enterprises, local authorities will provide up to 500,000 yuan in equity investment and 500,000 yuan in "seedling assistance" funds. For enterprises that have been nurtured to achieve "golden seedlings" and "golden fruits", local authorities will provide additional equity investments of up to 1.5 million yuan and 4.5 million yuan, respectively.
Support companies to increase R&D investment. For companies that have independently applied for and enjoyed the pre-tax additional deduction policy for R&D expenses for two consecutive years, local authorities will provide a subsidy of 30 percent of the increased sum in their R&D expenses, with a maximum subsidy volume of 1 million yuan per year for each company.
Support companies to increase investment in equipment. For companies that align with the park's leading industries and have actual investment in production equipment of over 1 million yuan, local authorities will provide a subsidy of 10 percent of the actual investment in production equipment for that year, with a maximum subsidy volume of 1 million yuan per year for each company.
Support for enterprise financing loans. For enterprises that obtain credit support through financing guarantee methods, a subsidy of 50 percent of the guarantee fee will be provided, with a maximum subsidy volume of 200,000 yuan per year for each company. For enterprises that utilize intellectual property for pledge loans, a subsidy of 2 percent of the loan amount will be provided, with a maximum subsidy volume of 200,000 yuan per year for each company. The subsidy amount should not exceed the total loan interest.
Support for industrialization of pharmaceutical enterprises. Subsidies will be provided to enterprises that achieve industrialization for the first time.
The policy measures apply to enterprises which operate and produce within the Tiankai Park (Xiqing) and are valid until December 31, 2027.