YZBSTC releases measures to support Nanfan seed industry

Yazhou Bay Science and Technology City (YZBSTC) recently issued the 10 Measures to Support the High-quality Development of the Nanfan Seed Industry, aiming to explore and promote the integration of innovation and industrial chains.

The measures support the enhancement of the research and development service capabilities of the seed industry. Companies that provide breeding research and development services will receive a subsidy of 20 percent of the non-financial funds in their actual total investment in fixed assets, with a maximum subsidy of 3 million yuan ($410,597).

They also support the improvement of public service capabilities for breeding and seed production. Companies providing public services for the breeding industry will receive a subsidy of 20 percent of the non-financial funds in their actual total investment in fixed assets, with a maximum subsidy of 2 million yuan.

The measures support the provision of third-party inspection and testing services, the construction of seed industry core bases, technology cooperation with research institutes and universities, the introduction and application of germplasm resources, as well as research and innovation in the development and approval of new animal and plant varieties.

It also supports the enhancement of the brand credit of seed industry enterprises, the promotion of international seed industry and services, as well as research and innovation in supporting seed industry enterprises.

The measures will be in effect from Oct 23, 2023 to Dec 31, 2025.

Hainan Yazhou Bay Seed Laboratory. [Photo/IC]