The new nano-tech policy prioritizes five tasks:

Encouraging Innovation: providing free R&D offices and free access to nano-tech public service platforms to the incubation projects launched by innovation-based non-independent legal person startups

Supporting Industrialization: providing award money to nano-tech companies, the award amount equals to corporate and personal tax as well as 2% of annual sales for nano-tech products in three years

Recruiting and Training Talents: nano-tech professionals listed in Recruitment Program of Global Experts of the Organization Department of the CPC Central Committee will get one million yuan settle-down subsidy

Providing Financial Services: arranging equity incentives, equity participation and follow-up investment in nano projects, and the maximum follow-up investment proportion is 100%

Promoting Academic and Industrial Cooperation: in next three to five years, SIP plans to invest 10 billion yuan in building a Nano-Tech Valley covering innovation, incubation, and industrialization.

At the press conference on October 26 on CHINANO Forum & Exhibition 2011, Suzhou Industrial Park government announced its new nano-tech policy and promised one million yuan settle-down subsidy for each nano-tech professional recognized as Global Experts by the Organization Department of the CPC Central Committee.

Chief Zhang Dongchi of SIP Science and Technology Bureau said the official document of the new policy was Opinions on Further Promoting Nano-Tech Innovation and Industrialization in SIP. The mission is to build SIP into the world's highland of innovation, talents, and industrialization through National Nano-Tech Innovation Park and National Nano-Tech Industrialization Base.

The new policy prioritizes five tasks of encouraging innovation, supporting industrialization, recruiting and training talents, providing financial services, and promoting academic and industrial cooperation.

To encourage innovation, local authorities plan to provide financial support to the incubation of non-independent legal person startups, that is, the R&D teams engaged in nano-tech application and engineering and composed of college teachers, researchers, and doctor candidates. Other support includes three-year free R&D offices and free access to nano-tech public service platforms.

To encourage industrialization, the government offers green channels to nano-tech professionals in applying for the honorary title of SIP Leading Technological Talents, grants to eligible nano-tech enterprises the awards amounting to corporate and personal tax as well as 2% of annual sales to nano-tech products in three years.

To recruit and train nano-tech talents, the authorities will make special financial arrangements for professionals at different levels. Those recognized as Global Experts by the Organization Department of the CPC Central Committee will get one million settle-down subsidies. Other financial support includes equity participation and follow-up investment in nano-tech projects and the maximum proportion of follow-up investment is 100%.

SIP government decided last year that nano-tech was No. 1 strategic industry and its output was to total at 2.8 billion yuan during the first half of 2011, recording a year-on-year growth of 50% and predicting an annual output of six billion this year. In next three to five years, SIP is to invest 10 billion in building a 2.5-million-square-meter Nano-Tech Valley covering innovation, incubation, and industrialization, which will hopefully bring along 50 billion industrial investment, gather four to five one-billion-yuan enterprises and three to five listed companies, create a 20-billion-yuan industrial cluster and 100-billion related industries.

(Source from SIP)