Recently, the Finance Department of Qingdao High-tech Zone, together with the Scientific and Technological Innovation Department allocated the incentive funds for the recognition and R&D investment of high-tech enterprises in advance. In just four days, the high-tech zone allocated a reward fund of 30.114 million yuan to 397 enterprises in the zone to help them resume work and production and alleviate the impact of the epidemic.

“Our company received the 803,200 yuan allocated by the Finance Department of Qingdao High-tech Zone on March 16th, and the fund arrived in the account less than a week after we submitting the application form,” said Lyu Dongxue, project supervisor of KENGIC Intelligent Equipment Co., Ltd. As an intelligent equipment manufacturing enterprise focusing on intelligent logistics and intelligent manufacturing system solutions, KENGIC has been focusing on new product research and development and innovation capacity building, and continuously increasing investment in science and technology to enhance competitiveness. The R&D investment fund it got this time will be mainly used for product development and technology upgrading.

Since the outbreak of COVID-19, the finance department has taken various measures to help enterprises solve the short-term financing difficulties. Since the beginning of this year, more than 100 million yuan has been allocated for enterprises to fight against the epidemic, so as to ensure their operation and steady development.