The Enterprise Strength Enhancement Funding Program includes a package of projects such as the Sci-Tech Dongguan Project.
1. Financial aid to enterprise research and development departments
(1) An enterprise R&D department, recognized at the national level by China's Ministry of Science and Technology, may obtain a lump-sum 5 million yuan grant from the government of Dongguan
(2) An enterprise engineering center, recognized at the provincial level by the Guangdong Science and Technology Office, may obtain a lump-sum 3 million yuan grant from the government of Dongguan
(3) An enterprise technological engineering R&D center, recognized at the city level by the Dongguan Science and Technology Bureau, may obtain a lump-sum 1 million yuan grant from the government of Dongguan.
2. Financial aid for an enterprise R&D investment
According to its size, an enterprise may receive financial aid of different levels for their R&D projects:
• Developing enterprise: a grant equal to 50% of its actual investment in R&D during the last year.
• Small enterprise: a grant equal to 40% of its actual investment in R&D during the last year.
• Medium enterprise: a grant equal to 30% of its actual investment in R&D during the last year.
• Large enterprise: a grant equal to 20% of its actual investment in R&D during the year.
• The amount of an annual R&D grant to an enterprise will not be more than 6 million yuan.
3. Interest subsidy for sci-tech loans obtained by enterprises
(1) Standard. A Sci-tech loan may be offered to eligible enterprises with a discounted interest rate lower than the benchmark lending and deposit rates set by the People's Bank of China. The annual interest subsidy may not exceed 1.5 million yuan for each enterprise.
(2) Eligibility. An enterprise qualified for this subsidy must be a legal person and meet at least one of the following criteria:
• acknowledged private sci-tech enterprise
• high-tech enterprise
• pilot enterprise or a patent program enterprise in a patent encouragement program
4. Financial aid to industrial design enterprises
An enterprise of industrial design with independent legal person registration or an enterprise with its own department of industrial design, which pass the assessment process, may receive a grant equal to 20% of its investment in industrial design up to 500,000 yuan for each enterprise.