Policy: preferential policies for scientific innovation

 I.  Introduction of innovation and entrepreneurial teams

1. Main conditions of the innovation team:

The innovation team already has good cooperative foundation. Before declaring the innovation team of Zhuhai, team members have stably cooperated with each other for more than two years in the terms of relevant technical studies and product development. The innovation team should be a team which was introduced from the outside of the city in recent two years.

Innovation teams have grasped innovation result of independent intellectual property rights, technology level has reached above domestic advanced level, and its declared project has a good prospect of industrialization and is expected to add impetus to the economic and social development of our city.

An innovation team shall consist of one leader and more than two core members. Team leaders and core members generally shall be the project's main research and development personnel. Team leader shall also have doctoral degrees or senior professional technical position or grasp the recognized leading technology of the industry.

The employer must be the enterprise that is registered in Zhuhai in accordance with the law and has an independent legal personality.

The employer should be adequate to helping the team to carry out its research.

2. The basic conditions of entrepreneurial teams:

The entrepreneurial team must be the enterprise that is registered in Zhuhai in accordance with the law and has an independent legal personality, and the enterprise shall have excellent basic conditions and guarantee capability for the implementation of declared projects.

The entrepreneurial team should have innovation achievements of independent intellectual property rights, and its technical level has reached the domestic advanced level, its products have been in the stage of pilot test or industrialization.

An entrepreneurial team is composed of one leader and more than two core members, and team members shall include the personnel who have rich entrepreneurial experiences or ever acted as middle and senior management in famous enterprise and the personnel who have relatively strong management ability.

The project carried out by the entrepreneurial team must be its first business in Zhuhai in recent five years, and the paid-up capital of the established enterprise shall exceed 3 million yuan.

3. The financial assistance methods and limits of financial assistance for innovative entrepreneurial teams:

Free financial assistance and equity investment are mainly adopted to support team projects, and the limit of financial assistance shall not exceed 20 million yuan.

In principle, the project financial assistance under 2 million yuan (including) shall adopt the method of free financial assistance, and the assistance funds will be disbursed from the municipal special funds for talents.

In principle, the quota of project financial assistance above 2 million yuan (including) shall adopt the method of equity investment, and the trustee organization approved by the municipal government shall be responsible for the investment and management of the assistance funds. The operating procedures for the management of equity investment shall be separately formulated.

II. Matching fund for innovative research teams

1. The innovative research team that obtains funds from provincial government may apply for matching funds to the municipal bureau of Science, Industry, Trade and Information Technology.

2. Matching funds are mainly used for project researches and management of innovative research teams, purchasing instruments related to projects and improving conditions for scientific research and subsidizing scientific research personnel and so forth. Matching funds cannot be used for the expenses irrelevant to scientific researches.

3. One million yuan of the matching funds are used for the housing subsidies for leaders of innovative research teams.

III. Subsidies for enterprises' research and development expenses

The amount of financial subsidies acquired by enterprises shall be calculated by the formula:

the amount of pre-tax additional deduction of enterprise's eligible research and development expenses for the previous year approved by tax authorities coefficient (the total amount of financial subsidies for the current year/ the total amount of pre-tax additional deduction of enterprise's eligible research and development expenses for the previous year approved by tax authorities). In principle, each enterprise shall acquire annual subsidies of no more than 2 million yuan.