Favorable Resources and Policies to Enable Xixian New Area in Shaanxi Province to Become a Center of Scientific and Technological Innovation in Western China

In the first quarter of 2022, Xixian New Area signed 48 projects through the combination of online and offline channels, with a total investment of RMB 86.046 billion, and introduced ten Fortune 500 companies, six Top 500 enterprises of China and three Top 500 enterprises in industry, according to Xixian New Area Administrative Committee.

Shaanxi is a province with abundant science and education resources. In order to transform its technological advantages into economic advantages, in March 2021, the construction of the Qinchuangyuan innovation platform was launched. The headquarters of Qinchuangyuan is located in Xixian New Area.

In the past year, Xixian New Area has focused on implementation of provincial and municipal plans and expended great effort in building the Qinchuangyuan headquarters. As a result, the number of national high-tech enterprises has increased by 53%, new small- and medium-sized technology enterprises have grown by 48%, and technology contract transactions have increased by 34% there. The New Area ranks first among the 65 pilot units nationwide in the formation of Innovation China. The effect of combination of these initiatives and the leading innovation role played by the Qinchuangyuan headquarters have strengthened at high speed.

In order to accelerate the gathering of scientific and technological initiatives and stimulate development momentum, Shaanxi Province, Xi’an Municipality and Xixian New Area have all introduced supportive policies over the past year. Among them, Xixian New Area has released 15 inclusive policies and measures for the needs of technology enterprises, entrepreneurial talents, innovation platforms, intermediary agencies and other sectors. Investors that introduce technology-based projects to the Qinchuangyuan headquarter will be rewarded with 1% (up to RMB 3 million) of the actual investment when the enterprises are established and reach production capacity as agreed.

In 2021, 431 technology enterprises were introduced into Xixian New Area; 901 new small- and medium-sized technology enterprises were established, and technology contract transactions reached RMB 10.704 billion. Innovation vitality continued to rise and the innovation ecosystem continued to improve, resulting in the aggregation effect of science and technology innovation.

Along with the fast-tracked establishment of the Qinchuangyuan innovation platform the number of scientific and technological innovation enterprises has mushroomed, and an increasing number of local scientific research achievements are being locally transformed into products. With the help of the Qinchuangyuan innovation platform, various market players, universities and institutes are engaging in comprehensive interactions, and Qinchuangyuan is pressing forward with high-quality development.

In order to enable Qinchuangyuan to attract high-end talents, Shaanxi Province plans to accelerate the introduction of high-end foreign experts this year. A number of overseas offshore innovation centers and intelligence introduction service centers will be built to expand the channels for overseas high-end talents to come to China for cooperative research and academic exchange.

On March 14, Xixian New Area issued the Qinchuangyuan Innovative Talents Plan. According to the Plan, recognized talents will be rewarded with 100% funding for three consecutive years, based on their personal financial contribution in the previous year. In particular, talent projects funded by national, provincial and municipal authorities will be supported by a combination of equity investment and financial aid. A funding of up to 50% of the total will be given, with a maximum of RMB 1 million.

Gathering high-end initiative resources globally, a more open Xixian New Area is growing rapidly.

Source: Xixian New Area Administrative Committee