Shenzhen has new support for tech research

The Shenzhen government released 22 measures for the management of science and technology projects. They include granting more autonomy to higher education institutions, establishing a competitive mechanism for scientific research and deepening communication with Hong Kong and Macau. 

For universities and research institutes, the government plans to increase more stable funding projects and grant them more autonomy in research. A dynamic competitive mechanism will be established by changing one-off funding to phased funding, which allows the government to evaluate research projects throughout the process. The government is also setting up a basic research fund and allocating at least 30% of its overall municipal technology fund to basic research and application research. The fund will be put to use in cross-border projects as well. 

Read more in Chinese. 

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