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US$4m fund offers access to research for small firms
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HUNDREDS of technology-based small firms will from today be able to redeem more than 24 million yuan (US$3.9 million) worth of government-funded “vouchers” for academic and scientific research.
The Shanghai Science and Technology Commission in April invited companies to apply for grants of up to 100,000 yuan per organization, Wu Biren, an official with the Shanghai R&D Public Service Platform, a unit of the commission, said yesterday.
The aim of the scheme is to provide innovative firms with the access they need to state-of-the-art scientific equipment and facilities at local universities and research institutions, he said.
A total of 488 enterprises — mostly Internet firms, and biological and pharmaceutical companies — have been awarded the vouchers since the scheme was launched.
“Almost 60 percent are small firms with fewer than 20 employees, while 35 percent are at the cutting edge of information technology,” Wu said.
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