The core urban area of Shanghai, the Xuhui District, has begun accepting applications for blockchain industry development projects in the second quarter of 2024. This support program covers the development of blockchain standards, significant business promotions, and “Blockchain+” application projects. Businesses looking to participate in these projects can benefit from substantial incentives.
Support Provided for Blockchain Standards Development
A one-time funding opportunity will be available for research and development expenses for businesses leading or participating in the development of international, national, or industrial blockchain standards.
In this context, companies contributing to the project will receive financial support of up to 1 million Chinese yuan. This funding is part of Xuhui District’s goal of creating a robust ecosystem in blockchain technologies.
Support Offered to Significant Blockchain Enterprises
The Xuhui District will also provide support to enterprises playing a decisive role in the blockchain sector. It is planned to offer a one-time incentive of up to 5 million Chinese yuan to designated blockchain leading companies or exemplary institutions in specific sectors. These incentives aim to position Xuhui as one of the centers for technology and innovation.
Applications will be accepted from November 8 to 12, 2024, meaning that applications are currently open. Relevant organizations are required to submit both printed and electronic documents.
Application documents will be delivered to the Xuhui District Data Bureau. Further details can be found on the official website of the “Xuhui District.”
