1. Fund Nature This fund is used to support the early development of the commercialization of scientific and technological achievements with market prospects in our institute, and has the nature of venture capital.

The Science and Technology Development Office of the Academy (hereinafter referred to as the Development Office) is responsible for the management on behalf of the Academy.

If the project is successfully developed, the hospital and the project hosting unit will each enjoy a certain proportion of rights (or equity) according to the agreement, and the recovered funds will be included in this fund.

In order to make both the institute and the project hosting unit bear responsibilities and risks for the development project, the project adopts the method of matching investment between the institute and the project hosting unit. The institute's capital investment generally does not exceed two-thirds of the total new investment.

If the project development fails, the project hosting unit must write a written summary report. After the project is cleaned up and audited, the fund can be written off in whole or in part according to the agreement.

2. Fund raising: (1) withdrawn from the institute’s development funds every year; (2) withdrawn from the proceeds recovered from successful projects; (3) withdrawn from the funds turned over by the company; (3) accepting donations from inside and outside the institute, domestic and foreign.

3. The application targets enterprises and institutions directly affiliated with the institute.

4. New products and new technology projects applying for development funds should meet the following conditions: (1) Patent rights have been obtained, or scientific and technological achievements have been appraised, and evaluated by an authoritative expert group; (2) Within one to three years

It is possible to change production, form production capacity, and occupy a certain market share; (3) There is a vision for enterprise-based production and operation.

5. Application Principles and Approval Procedures (1) In principle, each unit can only apply for one item, and no new projects will be applied until the project passes the acceptance appraisal.

(2) The unit that proposes a project application should submit two copies of the "Chinese Academy of Sciences High-tech Products Preliminary Development Fund Application", together with the patent certificate or scientific and technological achievements acceptance certificate and relevant materials, in February and August of each year.

Report to the development office of the institute before the 20th.

After joint review between the Development Office and the relevant professional bureaus, the application will be decided before March and September 15th whether to accept the application and then approved.

(3) The unit whose project application is approved must submit a feasibility study report to the Development Office of the Institute within one and a half months.

(4) The Development Office organizes relevant experts to set up an evaluation committee in April and October each year to evaluate and defend the project in May and mid-November.

(5) Projects that pass the evaluation shall be submitted to the Institute's High-tech Products Preliminary Development Fund Management Committee for review, and shall be subject to final approval by the leader of the institute.

(6) The evaluation results will be notified to the applicant before the end of May and 11th each year.

(7) For approved projects, the development office and the project host unit will sign an agreement and then begin implementation.

6. Assessment and defense content (1) The main contents of technology and market assessment include: 1. The purpose and significance of the project; 2. Market status and potential; 3. Production technology level; 4. Technology advancement and maturity; 5.

social and economic benefits.

(2) The main contents of the economic assessment include: 1. Total investment estimate; 2. Fund structure; 3. Cost estimation; 4. Profit analysis; 5. Break-even analysis; 6. Present value analysis; 7. Sensitivity analysis.

(4) The main contents of policy and regulation assessment include: 1. Intellectual property rights of the project; 2. Involved national policies and laws; 3. Involved industry policies.

(5) The main contents of the organizational system assessment include: 1. Personnel responsible for the project; 2. Organizational structure; 3. Agreement on intention to take delivery; 4. Plan and progress.

7. Project management (1) Project implementation and management, which includes: 1. Fund allocation (in installments or one-time allocation); 2. Implementation progress and quality of the project plan; 3. Project identification, acceptance, and acceptance

The standards are the indicators stipulated in the approved project feasibility report; 4. The Science and Technology Development Office of the Academy is responsible for matters related to identification and acceptance. The acceptance management methods refer to the "Measures for New Product Appraisal and Acceptance" of the State Planning Commission and the implementation details formulated by the Academy; 5

.Financial accounts of the project, verification and audit of assets (including intellectual property rights).

(2) The Institute Development Office, together with the professional bureau, is responsible for supervising and inspecting the implementation and use of funds, as well as the implementation of projects.

(3) The project undertaking unit must report the implementation status to the development office of the institute regularly (mid-year and year-end) according to the planned progress.

Problems that arise during the project should be reported to the Development Office of the Institute in a timely manner.

(4) During the progress of the project, the Development Office has the right to suspend projects that fail to be implemented as planned, or that are affected by market changes, or that have serious problems with the use of funds, and conduct final accounts and disposal of assets.

(5) The success of the project will be an important reference factor for future review and approval of the unit’s fund application.

8. Purpose and management of the fund (1) Purpose of the fund 1. Used to support the early development of high-tech products; 2. Used for expert evaluation of projects.