How can Shanghai high-tech enterprises obtain qualifications for incubation?

If you are already a high-tech enterprise in Shanghai and would like to improve your business in terms of technological innovation, science-tech results transformation, team building... In order to move to a national high-tech company, then some qualifications for incubation are needed. 

First of all, you must be a technology-based company who respects simultaneously the conditions A to H.

(A) For resident enterprises of non-high-tech enterprises, they must be registered for more than one year. 

According to China's Enterprise Income Tax Law, the term "resident enterprises" refers to enterprises established in China in accordance with the law or established in accordance with the law of the foreign country whose current administration is China. The term "current administration" refers to the location where the main decisions of the company's business management are made and formed, in particular the location of the board of directors of the enterprise or the business decision-making meeting where the board of directors is involved in.

(B) Through the ways of independent R&D, transfer, grant, merger and acquisition methods, the company acquires the ownership of intellectual property that plays a core role in the technical support of its main products (or services) and responds to one of the following quantitative requirements:

The reason why the conditions are so strict is that you can get a lot of help during the two-year incubation period as follows: from January 1st, 2019 to December 31st, 2020, incubating companies can obtain one-off incubation support. The supporting amount is determined on the basis of R&D expenditures of 10% of the previous year, and the subsidy range is between 200 000 CNY and 2 000 000 CNY. The aim of this help is to increase business training and improve company's innovation capabilities.

If your company meets those conditions, then you are able to apply by submitting materials through the Shanghai Government Service platform: 

http://zwdt.sh.gov.cn/govPortals/organ_index.do?organ=SHKJSH

The list of confirmed companies will be published on the following official website for 5 days. If there is no objection, the above companies will be qualified for incubation. The official website of Shanghai Science and Technology Commission is:

http://stcsm.sh.gov.cn/

The above content is derived from the “Detailed Implementation Rules for the Incubation of High-tech Enterprises in Shanghai (Trial)”:

http://www.shanghai.gov.cn/nw2/nw2314/nw2319/nw2404/nw44640/nw44643/u26aw58264.html

Our local consultants can help you to assess the eligibility of your company, prepare the required documentation and finally apply to be incubated and to benefit from this subsidy. For more information, please contact us at: info@zenith-services.cn

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