The Chinese government will arrange more than RMB 10 billion of special funds for the development of SMEs and support more than 1,000 national-level small innovative companies in order to increase their investment in innovation.
The recipient companies are in the early stage of development, and the focus is on mid/high-end industries such as new-generation information technology, high-end equipment manufacturing, new energy, new materials, biomedicine, etc.
These companies always focus on a specialized development strategy with good sales performance, high technological content, advanced equipment and technology, effective management systems, and strong market competitiveness. In addition, they have high potential development and growth, and they are expected to become leading and advanced international enterprises in their industries in the future.
The Chinese government will support the national-level (or provincial-level) public service demonstration platforms for the above-mentioned companies to provide them with technological innovation, IPO counseling, transformation and application of innovation results, digitalization and intelligent transformation, application of intellectual property rights, access to the cloud and industrial design, and other services. In addition, it will also provide “point to point” services to key companies.
On August 25, 2021, the Ministry of Industry and Information Technology (MIIT) announced the List of National-Level Professional, Special, Unique, and Innovative “Small Giants” Recommended for Support. Among them, there are around 30 new chemical material companies, and the list is as follows:
Sources of Information: WeChat public account of Chemical New Material