Shanghai introduces support policies to encourage foreign R&D centers
24 Nov 2020
On 24 November 2020, Shanghai’s Municipal Government released the Regulations on Encouraging the Establishment and Development of Foreign-funded Research and Development Centers. The Regulations will be in effect from 1 December 2020 until 30 November 2025. During this period, eligible foreign-funded R&D centers will benefit from a dozen policy support measures, including customs clearance facilitation for cross-border R&D, cross-border financial services facilitation, talent acquisition and development, funding support, tax cuts, participation in government projects, facilitation of environmental assessment and hazardous waste management, facilitation on land use for R&D purposes, and protection of intelligent property rights, etc.
According to the Regulations, target foreign R&D centers can be:
- A foreign-funded R&D center, which refers to an institution set up by foreign investors to engage in research, development, and experimental development (including intermediate experiments serving R&D activities) in natural sciences and related fields of science and technology, of which the content includes basic research, applied research, and product development;
- A global R&D center, which refers to a global-level R&D center established by foreign investors that possesses exclusively owned research and development technology platforms, undertakes key steps, and the majority of the process of its global-level R&D projects and the progress of its Shanghai R&D projects keep pace with comparable global activities; or
- A foreign-funded open innovation platform, which refers to a research and development center that promotes project-based cooperation with SMEs and innovation teams to realize co-innovation by providing facilities, equipment, research and development sites, and professional guidance and by leveraging the platform’s technology, talent, capital, data, and other resources.
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Type:
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Promotion and facilitation (Investment facilitation , Investment incentives)
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Industry:
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Services (Scientific research and development)
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Sources:
