30 August 2023
The Science and Technology Bureau of Foshan Municipal Nanhai District (“the authorities”) issued the “Notice of the Science and Technology Bureau of Foshan Municipal Nanhai District in relation to the “Detailed Implementation Measures for Supporting and Incentivizing Science and Technology Enterprise Incubators”” on 30 August 2023. The authorities announced their plans to further enhance the development of the incubation and cultivation system in Nanhai District by providing various services such as shared facilities, technical support, consulting services, investment and financing opportunities, entrepreneurial guidance, and resource connections. These services are intended to lower the cost of starting a business, improve the survival rate of startups, and promote the growth of enterprises. Subsidy up to RMB1 million will be given to qualified incubators and enterprises.