The innovation fund aims at supporting the growth and creation of environment for small and medium-sized science and technology enterprises, and it is supported by means of technological innovation fund projects for small and medium-sized science and technology enterprises, subsidy fund projects for public service institutions for small and medium-sized science and technology enterprises, and venture capital guidance fund projects for small and medium-sized science and technology enterprises.

Enterprises should meet the following conditions:

1. has the qualification of independent enterprise legal person;

2. Mainly engaged in the research, development, production or service of high-tech products, and the supported projects must be within the business scope stipulated in the business license of enterprise as a legal person;

3. The leading group has strong market development ability and high management level, and has the consciousness of continuous innovation;

4. The proportion of scientific and technical personnel with college education or above in the total number of employees is not less than 30%, and the proportion of scientific and technical personnel directly engaged in R&D in the total number of employees is not less than 10% (see key notes for high-tech service industry);

5. Good business performance, with an asset-liability ratio of no more than 70%; The annual expenditure on research and development of high-tech products is not less than 5% of the sales. Enterprises newly registered in that year are not subject to this restriction;

6. Have a sound financial management system and qualified financial management personnel.

Thousands of projects receive innovation funds every year.