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The fund will invest a total of 50 million yuan in five years, all of which will be borne by China National Chemical Corporation. The beneficiaries of the fund will be throughout the national chemical industry. Domestic enterprises, institutions of higher learning, and research institutes can apply for the fund's support for projects that engage in technological innovation in chemical and related fields.
According to reports, the fund will focus on supporting new technologies, new products, new processes, new materials, and new equipment with independent intellectual property rights; it will comply with national industrial technology policies, have a higher level of innovation, stronger market competitiveness, and better The economic benefits are conducive to cultivating R&D projects in the new economic growth point of the chemical industry.
In addition, the fund encourages and prioritizes the joint innovation of production, learning, and research, the industrialization of chemical high-tech, the digestion and absorption of international advanced technologies, the upgrading of traditional industries, and the solving of practical problems for production and localization of major equipment.
According to the introduction of the Ministry of Science and Technology of China National Chemical Corporation, which is responsible for the specific organization and implementation of the fund, according to the characteristics of the project, it will be funded by means of unpaid subsidy and loan discount.
As China National Chemical Corporation has become the recommended unit of the Science and Technology SME Innovation Fund Project of the Ministry of Science and Technology, the China National Chemical Corporation will also review and recommend projects that meet the requirements of the SME Innovation Fund Project.
On June 30th, a science and technology fund for the national chemical industry and financial innovation for chemical technology personnel was announced by China National Chemical Corporation.