It was recently learned from Nanning Finance Bureau that Nanning Finance Bureau and Nanning Science and Technology Bureau jointly revised the "Administration Measures for the Post Subsidy of Science and Technology Project in Nanning" (hereinafter referred to as “Administration Measures”), to clarify that the subsidy of Nanning science and technology project will be released after the project is implemented, further play the guiding role of financial science and technology funds, encourage and support enterprise technology innovation.
The post subsidy of science and technology project refers to the condition where Nanning Science and Technology Bureau will establish a project in accordance with the procedures and give the corresponding subsidy in the way of science and technology funds allocation, when relevant enterprises, in accordance with the requirements of economic and social development and the market demand, invest development funds to organize the implementation of the new product research, new species breeding and other scientific and technological innovation projects, and achieve the related conditions after the completion of the project. The newly revised “Administration Measures” clarifies the types of enterprise project subsidies, application procedures, material specifications, as well as review and verification. At the same time, according to the regulations, enterprises will be given a subsidy of 25% of the investment funds for the research and development of their declared projects, with a maximum of 300,000 yuan for general projects, 500,000 yuan for key projects and 1 million yuan for major projects. This will further optimize the allocation of science and technology resources, as well as standardize and strengthen the management of science and technology projects in Nanning.