Establishment of 9 new national venture capital guidance funds

On 23 December 2019, the Ministry of Science and Technology and the Ministry of Finance officially announced the establishment of nine new Venture Capital guidance funds under the National Fund for Technology Transfer and Commercialisation (thus they are officially referred to as ‘sub-funds’). The nine guidance/sub-funds will have a scale of 10.93 billion RMB, around…

Establishment of the first two National Agriculture High- and New-Technology Industrial Demonstration Zones in Nanjing and Jinzhong

At the end of November 2019, MOST announced the establishment of the first two National Agriculture High- and New-Technology Industrial Demonstration Zones, in Nanjing (Jiangsu province) and Jinzhong (Shanxi province). The establishment of the first two demonstration zones follows a series of opinions, regulations and work guidelines issued in the past two years by the…

Establishment of a new national New Generation AI Development Experimental Zone in Deqing county, Zhejiang province

On 5 November 2019, the Ministry of Science and Technology approved the establishment of a new National New Generation Artificial Intelligence Development Experimental Zone in Deqing County, Huzhou municipality, Zhejiang province. First introduced by the State Council’s Plan for the Development of New Generation Artificial Intelligence (Guo Fa [2017] No. 35), National New Generation AI…

China’s 2018 Innovation Index exceeds 200 for the first time

According to a press release by the National Bureau of Statistics, China’s Innovation Index in 2018 reached 212.0 (+8.6% on the previous year), exceeding for the first time 200. Specifically: Innovation environment: 225.8 (+10.9% on 2017), particularly led by a significant increase of the number of enterprises enjoying tax deductions or exemptions; and by wider…

Establishment of new National New Generation AI Development Experimental Zones in Tianjin, Shenzhen, Hangzhou and Hefei

On 18 October 2019, the Ministry of Science and Technology approved the establishment of four new National New Generation Artificial Intelligence Development Experimental Zones, in Tianjin, Shenzhen, Hangzhou, and Hefei. First introduced by the State Council’s Plan for the Development of New Generation Artificial Intelligence (Guo Fa [2017] No. 35), National New Generation AI Innovation…

China funding for artificial intelligence

Establishment of 10 new National New Generation AI Open Innovation Platforms

On 29 August 2019, during the World Artificial Intelligence Conference held in Shanghai, MOST Vice Minister Li Meng presented the list of newly approved National New Generation AI Open Innovation Platforms. These are: Shanghai Yitu Network Technology Co., Ltd.: Visual Computing National AI Open Innovation Platform; Shanghai MiningLamp AI (Group) Co., Ltd.: Intelligent Marketing National…