Recently, the Sanmenxia Science and Technology Leading Group has issued the “the Implementation Plan of Multiplying the Investment in Science and Technology R&D in Sanmenxia” (hereinafter referred to as the “Implementation Plan”), which requires to maintain the continuous increase in science and technology expenditures, coordinate the science and technology innovation resources of relevant departments and units, and establish linkage management mechanism of science and technology investment, in order to drive various innovation entities to increase R&D investment, and continue to improve the R&D investment level of the whole society.

 The “Implementation Plan” clearly states that the financial investment in science and technology will be increased continuously. Stronger deductions for enterprise R&D expenses, preferential tax policies and incentives for high-tech enterprises, subsidies for R&D expenses, and other fiscal incentives and subsidies will be implemented. Coordinate the allocation of financial science and technology funds. In accordance with the principle of “unchanged ownership, special management, fund pooling, and unclogged utilization”, all the science and technology innovation special funds of talents, science and technology, industry and information technology and other relevant departments will be under the coordination scope of the financial science and technology funds. Give full play to the guiding role of government funds, gradually increase the proportion of R&D investment in fiscal science and technology expenditures, improve the management methods of fiscal science and technology expenditures and special innovation funds, and further increase the ratio of self-raised funds and fiscal science and technology funds that enterprises take the lead in undertaking major scientific and technological innovation projects at the provincial and municipal levels, and broaden financing channels for technology enterprises. Consolidate the dominant position of enterprises in R&D investment, improve the financial subsidy system for enterprise research and development, and guide enterprises to continue to increase R&D investment. Enhance enterprise innovation capabilities, implement the plan for multiplying high-tech enterprises, establish and improve the “micro-growth, small increase, high-rise growth” echelon cultivation mechanism, and include eligible enterprises above designated size into the high-tech enterprise cultivation pool for key cultivation and support the establishment of enterprises and support key enterprises which have built innovation platform to take the lead in undertaking key scientific and technological research and development projects, forming a group of innovative leading enterprises with advanced technology and strong industry-leading capabilities. Improve the service level of R&D investment statistics, regularly organize special training on R&D investment statistics, promote the enterprise R&D project information management system, and improve the information management level of R&D investment. Supervise and increase R&D investment by field.

The “Implementation Plan” further clarifies that by 2025, the total amount of local fiscal expenditures on science and technology will reach 1.1 billion yuan, doubling that at the end of the “13th Five-Year Plan” period. By the end of 2021, large and medium-sized industrial enterprises will basically achieve full coverage of technological innovation activities, and by the end of 2023, industrial enterprises above designated size will basically achieve full coverage of technological innovation activities. By the end of the “14th Five-Year Plan”, the total number of national high-tech enterprises in Sanmenxia will reach 200, and the total number of national high-tech small and middle-sized enterprises will reach 200. Strive to achieve an average annual growth rate of 20% in R&D investment during the “14th Five-Year Plan” period, and strive to achieve the national average level of R&D investment by the end of the “14th Five-Year Plan” period, and multiply the investment in R&D investment of the whole society compared to that of 2020.