Shanxi to increase support for foreign investment in R&D centers


North China's Shanxi province will further its support for foreign investors in establishing research and development (R&D) centers in the province, according to a circular jointly issued by multiple Shanxi provincial government departments. 

The circular consists of 13 measures aimed at optimizing science and technology innovation services, encouraging the sharing of scientific resources, supporting the establishment of new types of R&D institutions, and promoting collaboration between industry, academia, and research institutes. 

Other measures support the establishment of open innovation platforms, strengthening financial support for science and technology innovation, encouraging participation in government projects, facilitating the employment of overseas talents in China and their cross-border fund transfers, encouraging the application for professional qualifications, and providing incentives for overseas talents. 

Enhancing collaborative intellectual property protection services and improving intellectual property protection enforcement are also emphasized in the circular. 

Provincial-level R&D institutions established by foreign investors that have been officially recognized and announced, for instance, will receive subsidies of up to 5 million yuan ($683,987.40) during the construction period based on performance evaluations and actual R&D expenditure.