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Shandong promotes innovation race of medium, small and micro-sized businesses

2017/5/18 14:49:53   source:sdchina.com

Shandong released an action plan on the innovation race of medium, small and micro-sized enterprises at a news conference held on May 17, 2017, in Jinan, east China’s Shandong Province.

According to the plan, Shandong means to trace and support over ten thousand medium, small and micro-sized enterprises during the period of the 13th Five-Year Plan.

Those enterprises will be fostered as the new force in boosting high-tech industry development, transferring the old energy into the new one and advancing the innovative, sustainable and leading development of Shandong Province.

Though Shandong has created favorable policy environment and atmosphere for medium, small and micro enterprises, problems, like limited information and communication channels, financing difficulties and difficulties in the implementation of government policy, still exist.

The action plan is reported to cover 8 fields including electronic information technology, new materials, new energy and energy conservation, biological pharmaceutical industry, advanced manufacturing, internet and mobile internet, modern agriculture and marine science and technology.

The result of the preliminary contest will come out via the Internet. 50 promising enterprises, 50 elite enterprises and 20 innovation teams will be selected by experts to attend a live match. In this part, each of the contestants has 7 minutes to present a road show and 3 minutes to answer questions raised by the panel of judges.

Each group will be narrowed down to 10 enterprises or teams. Those winners will be traced for one year and obtain a subsidy up to 500,000 yuan.

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Sponsor:Information Office of Shandong Provincial People’s Government