Set up an interest subsidy loan fund for scientific and technological type enterprises. Each year, the municipal government will invest 10 million yuan and entrust the municipal science committee and Commercial Bank to form a special institution for management of the fund and providing collateral of loans for scientific and technological type enterprises.
For the transformation within the Hi-Tech Zone of hi-tech achievements brought in by inland scientific research institutes and overseas returning students, they have the priority in their entitlements to venture loans and project subsidy on interest payment.
Overseas returning students can apply for business registration in the Hi-Tech Zone with their passports. For those overseas returning students who become shareholders with hi-tech contribution, they have the priority in obtaining the support of a business initiation fund.
Each year, a certain sum is allocated from the science and technology fund of the city as subsidy on interest payment to support institutions of higher learning and their students to engage in the transformation of hi-tech achievements or projects, or to conduct the research and development of hi-tech projects.
Set up a special development fund for biological pharmaceutics to support the import of biological pharmaceutical technology, technological innovation and development of new products. Increase interest subsidy on the loan for the technological innovation and transformation of enterprises; for the projects of key technological transformation and development of new products, give them preferential treatment in application for the loan interest subsidy projects of state and provincial level technological transformation, and meanwhile, give them priority in granting the municipal level loan interest subsidy of technological innovation and transformation.
For an enterprise which is registered in our city and whose investment ratio in the hi-tech industrial field of our city is no lower than 70% of its total investment amount, it can be granted preferential taxation policies with reference to the hi-tech enterprises of our city, and it is allowed to withdraw a risk compensation sum of 3-5% of its total revenue of that year to compensate the investment loss of the previous year and that year; the balance of the risk compensation sum can be carried down on a yearly basis, but this sum shall not exceed 10% of the net assets of the enterprise by the end of that year.
Each year the municipal financial department allocates special grants as loan interest subsidy for leading agricultural enterprises.
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