Recently, the Shandong Development and Reform Commission and the Shandong Provincial Department of Finance jointly issued the Management Measures for Major Industrial Research Projects and Funds for Shandong's Replacement of Old Growth Drivers with New Ones, aiming to further standardize the management of major industrial research projects and funds, and promote the deep integration of technological innovation and industrial innovation.
The Management Measures specify that fund allocation for projects will be provided in a categorized and tiered manner based on mid-term evaluation results, within the annual budget limits. Approximately 30 major industrial innovation research projects will be implemented each year, with tiered subsidies of up to 5 million yuan per project.
Around 5 business model innovation research projects will be implemented annually, with tiered subsidies of up to 2 million yuan per project. Additionally, approximately 25 scenario innovation research projects will be carried out each year, with tiered subsidies of up to 1.5 million yuan per project.