Multiple regions have introduced a series of targeted science and technology innovation policies to precisely empower innovative development.

On March 18, the General Office of the Beijing Municipal People’s Government issued the “Several Measures to Promote Stable and Progressive Economic Development in Beijing by 2026,” which encourages government-backed financing guarantee institutions to enhance credit for technology-based enterprises. On the same day, the Hangzhou Science and Technology Bureau and the Hangzhou Finance Bureau jointly announced that starting April 1, they will distribute bank loan subsidy coupons totaling 50 million yuan to all science and technology innovation enterprises in the city.

This is another vivid example of the ongoing efforts this year across various regions to build a comprehensive, full-chain support system for technological innovation. From practical experiences, one aspect is that regions focus on systematic planning, accelerating the development of an all-encompassing support system covering financing support, resource assurance, and achievement transformation, significantly improving policy coordination and implementation effectiveness. On the other hand, regions emphasize key areas, focusing on future industry cultivation and the development of new productive forces, continuously strengthening targeted support for tech-based enterprises and cutting-edge sectors.

Experts interviewed by Securities Daily stated that current regional policies supporting innovation are shifting from isolated efforts to integrated systems, addressing the differentiated needs of enterprises at various stages of development and targeting critical bottlenecks in the innovation chain, thereby providing institutional guarantees for efficient transformation of scientific and technological achievements and rapid realization of innovation value.

Accelerating the Construction of a Multi-Dimensional Support System

Since 2026, a new wave of policies supporting technological innovation has been rapidly implemented across regions. Notably, regions are focusing on core innovation challenges such as R&D investment, achievement transformation, and financing difficulties, deploying a combination of “financial subsidies + tax incentives + financial empowerment + mechanism guarantees” to cover the entire lifecycle and innovation chain of tech enterprises, ensuring high-quality development of technological innovation.

In terms of full lifecycle coverage, regional policies are increasingly stratified and categorized. For early-stage tech startups, emphasis is placed on entrepreneurial support, R&D subsidies, and angel investment guidance to reduce startup costs and survival risks. For example, Beijing proposes to better leverage municipal investment funds in coordination with national venture capital funds, focusing on early, small, long-term, and hard-tech investments. For growth-stage tech companies, policies focus on expanding credit support and broadening direct financing channels to aid technological iteration and market expansion. Jiangsu, for instance, has expanded its manufacturing loan subsidy policy to include nationally recognized “Little Giants” and provincial-level specialized and innovative SMEs within their validity period. For mature tech enterprises, support is directed toward mergers and acquisitions, supply chain integration, and global expansion to help companies grow bigger, stronger, and better.

Regarding the entire innovation chain, policies are working toward full connectivity and integration. For example, at the front end, efforts are being made to strengthen basic research and key core technology breakthroughs, increasing support through R&D expense deductions and research funding caps; in the middle, accelerating pilot testing and industrialization of scientific achievements, and improving industry-university-research collaboration mechanisms; at the back end, enhancing intellectual property protection, building technology trading markets, and supporting technological service systems to promote efficient transformation from innovation to industry and value.

For example, regarding intellectual property protection, according to incomplete statistics by Securities Daily, since 2026, regions such as Liaoning, Shandong, Chongqing, Shaanxi, Beijing, and Zhejiang have successively issued special plans and implementation rules for IP protection, focusing on system improvement, service extension, rights protection, and achievement transformation, effectively safeguarding the legitimate rights of innovation entities.

Yang Weikun, Dean of Hebei Finance University, told Securities Daily that technological innovation is characterized by long cycles, high risks, and large investments. Therefore, policies supporting innovation must adhere to a full lifecycle service concept, and institutional design should avoid a one-size-fits-all approach.

Targeted Policies to Activate Innovation Momentum

While accelerating the construction of a comprehensive support system, regions are paying more attention to policy precision and guidance, focusing on strategic emerging industries and future industries. Through targeted measures, they aim to mobilize innovation resources toward core sectors, injecting strong momentum into cultivating and expanding new productive forces.

From the detailed policies issued, the supported directions align closely with national strategies for technological innovation, emphasizing areas such as artificial intelligence, biomedicine, advanced manufacturing, new materials, aerospace technology, and quantum information. Policies specify support for subdivided sectors to ensure that fiscal funds, financial resources, and resource guarantees are used effectively.

For example, Jiangsu’s pilot policies for technological insurance focus precisely on emerging industries like AI, biomanufacturing, brain-computer interfaces, quantum technology, embodied intelligence, and 6G. The provincial finance provides subsidies up to 50% of the insurance premiums for eligible insured companies.

According to Wu Zewei, a special researcher at Suzhou Bank, future industries have become strategic focal points in major power competitions. Those who achieve breakthroughs and industrialization in quantum computing, AI, and synthetic biology first will dominate the future technological roadmap, market rules, and industrial ecosystems.