Public Incentives for Tech SMEs: Examples from Zhejiang and Hangzhou
Government administrations in China at all levels, have been extremely active in establishing a wide range of incentives and funding instruments to support the growth of innovative and tech companies within their jurisdictions. These target different company development stages and cover all types of innovation activities, from research and development (R&D) to application, demonstration, and commercialisation, and also to technological upgrading achieved by purchasing new hardware/software. Though dominated by domestic actors, government incentives and funding instruments in China are also open to foreign-invested enterprises. Awareness of these opportunities, however, remains overall low. This report directly addresses this issue, thus aiming to increase the awareness and accessibility of European tech SMEs 1 to Chinese public resources.
This topic was addressed extensively in a new report formulated under the phase III of the EU SME Centre project [download it here]. This workshop will serve as a launch event for the report. At the same time, it will also bring in another speaker to present a concrete example and a case study of incentives and support offered to tech SMEs in Zhejiang province, Hangzhou municipality, and Gongshu district.