Jiangxia District, Wuhan Hosts Science and Technology Innovation Conference

Wuhan's Jiangxia District held a Science and Technology Innovation Conference on March 14, launching a comprehensive "33 Sci-Tech Innovation Measures" program designed to bolster technological innovation within businesses. A key component of the initiative is substantial financial support, with up to RMB 80 million in venture capital available for high-tech and high-growth projects.

Zhang Fei, Secretary of the Jiangxia District Party Committee, tries on Rokid Glasses, AR+AI glasses

Photo by Publicity Department of Jiangxia District Party Committee

During the conference, Zhang Fei, Secretary of the Jiangxia District Party Committee, demonstrated the latest Rokid Glasses, an AR+AI headset produced by Lingban Technology, a company that recently established operations in Jiangxia. Secretary Zhang highlighted Jiangxia's commitment to supporting the growth of science and technology companies.

The conference also marked the official recognition of three new joint research facilities: the Jiangxia District Marine Information High-End Equipment Industry Innovation Joint Laboratory, the Jiangxia District High-End Equipment Industry Innovation Joint Laboratory, and the Jiangxia District Bio-Health Industry Innovation Joint Laboratory. Officials provided detailed explanations of several related policies, including the Several Opinions on Promoting Scientific and Technological Innovation and High-Quality Development of the Industrial Economy and the Implementation Plan (2025-2027) for Promoting the Integrated Development of Scientific and Technological Innovation and Industrial Innovation, and Building a Preferred Destination for the Transfer and Transformation of Scientific and Technological Achievements in the Metropolitan Area.

Conference attendees experience Jiangxia's technology products

Photo by Publicity Department of Jiangxia District Party Committee

The "33 Sci-Tech Innovation Measures" provide significant financial support. High-tech and high-growth projects can receive up to RMB 80 million in venture capital. Each industry innovation joint laboratory will receive RMB 15 million in funding. Individual entities can receive subsidies of up to RMB 10 million based on the value of their technology contracts. Furthermore, companies can receive up to RMB 10 million in subsidies, based on their R&D spending, to help commercialize their research. Finally, businesses can obtain up to RMB 14 million in subsidies for technology upgrades and new equipment.