Sichuan has introduced a package of support policies and safeguarding measures to serve and ensure the high-quality development of invested enterprises. This was announced on May 16 at the launch event for the "Tianfu Venture Capital - Weekly Meetings" regular investment and financing roadshow series, which held its inaugural session.

Sichuan Province is concentrating efforts on planning and preparing a portfolio of projects, attracting and executing a selection of projects, expediting the construction and production of a batch of projects, and nurturing and strengthening a group of enterprises. The province is committed to full lifecycle management and policy support for these projects, aiming to implement more than 6,000 industrial projects annually. A series of support policies and safeguarding measures is being implemented, focusing on six key aspects.

In terms of enhancing corporate innovation capabilities, the province supports enterprises in participating in two-way "calling for best candidates" open competition programs to tackle core technological challenges in key fields; provides support for enterprises to establish research and development (R&D) platforms, enhancing their R&D prowess with a subsidy covering 30 percent of the costs; supports enterprises in contributing to the reconstruction of industrial infrastructure, thereby strengthening the fundamental capabilities in the industrial sector, with government subsidies reaching up to 20 million yuan; and backs enterprises in overcoming challenges related to key technological equipment to elevate their industry competitiveness, with a 30 percent subsidy on the relevant expenses.

In the realm of leveraging emerging technologies for transformations and upgrades, the province supports enterprises in conducting renovations such as production line upgrades, digital and intelligent transformation, enhancements in environmental protection and safety, as well as micro-technological improvements, aiming to enhance their production efficiency and competitiveness, with governmental subsidies ranging from 5 percent to 20 percent.

In terms of fostering emerging industries and future industries, the province supports enterprises entering new industrial arenas to cultivate new growth drivers, with up to 20 million yuan in support per arena. It backs artificial intelligence enterprises to settle in high-tech zones for their development, aiming to secure major science and technology projects and strive for breakthroughs in core technologies in key fields, with individual projects receiving a maximum support of 20 million yuan. It also supports new energy vehicle enterprises in intelligent transformation, R&D innovation, and expanding production capacity, as well as supports brain-computer interface and human-computer interaction enterprises in strengthening basic research, making breakthroughs in critical technologies, cultivating key products, and growing application scenarios.

In terms of enhancing the promotion and application of new products and technologies, the province supports enterprises in promoting and adopting new products related to major technological equipment, providing premium subsidies and sales incentives for qualifying first units (sets) of major technical equipment that meet the criteria. It backs enterprises in participating in domestic and international exhibitions, offering financial support for activities included in the Industrial Sector Market Development Plan for 2025. Additionally, through its "Standard Leadership Action", the province assists relevant entities such as chain-master enterprises and research institutions in developing various standards while encouraging enterprises to meet and align with these standards to improve growth quality.

In terms of strengthening and expanding enterprises through a tiered development approach, Sichuan is implementing a multi-level cultivation system that starts with innovation-oriented small and medium-sized enterprises, progresses to provincial-level specialized and sophisticated firms, and culminates in specialized and sophisticated "little giant" companies. Both the national and provincial levels provide financial rewards and whitelist support for these enterprises, aiming to help them enhance their specialization, refinement, distinctiveness and innovation capabilities.

In terms of strengthening factor guarantees and services for enterprises, the province provides support for energy consumption to enterprises. For green and low-carbon manufacturing firms benefiting from incentives for energy use, such as those integrating photovoltaic, lithium battery, and other similar technologies, the provincial finance will offer 35 percent matching funds based on the actual expenditure by municipal (prefectural) governments. The province also supports enterprises in land use by implementing a commitment-to-register system for technical renovation projects that do not increase land use or production capacity, while also giving priority to land needs for key industrial and technical renovation projects. Furthermore, the province bolsters enterprise financing, launching policy-based inclusive financial products, such as "Park Loan" and "Manufacturing Benefit Loan", and regularly organizes government-bank-enterprise matchmaking events.