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What is an innovation fund? Is it useful?
Innovation Fund is a technological innovation fund for small and medium-sized scientific and technological enterprises, and it is a special government fund approved by the State Council to support technological innovation of small and medium-sized scientific and technological enterprises. Support and guide the technological innovation activities of small and medium-sized scientific and technological enterprises through subsidies, loan interest subsidies, capital investment, etc., promote the transformation of scientific and technological achievements, encourage and give priority to supporting joint innovation in Industry-University-Research, and give priority to supporting all kinds of projects with independent intellectual property rights, high technology content, high added value, which can absorb a large number of jobs, save energy and reduce consumption, and are conducive to environmental protection and export. Cultivate a number of small and medium-sized scientific and technological enterprises with China characteristics, and accelerate the process of high-tech industrialization.

(Li Anrui Intellectual Property Group)