Hangzhou Shangcheng District issued several measures to accelerate the innovative development of the metaverse industry
ChainCatcher news, Hangzhou Shangcheng District has released several measures to accelerate the innovation and development of the metaverse industry. These measures apply to metaverse enterprises that have newly settled in Shangcheng District and are engaged in legal operations, focusing on key core technologies of the metaverse such as blockchain, artificial intelligence, interactive technology, high-performance computing chips, XR terminals, as well as basic software development, terminal equipment research and development, common technology platform construction, and digital content production.
At the same time, Shangcheng District will also provide policy support for metaverse startups in areas such as entrepreneurial support, office subsidies, R&D subsidies, growth incentives, talent introduction and cultivation, financial support, benchmark scenarios, and ecological construction. Specific policies include: for newly settled metaverse entrepreneurial projects, upon recognition, a one-time establishment subsidy of 100,000 to 200,000 yuan will be granted; for metaverse enterprises with an annual main business income of 10 million yuan or more, upon recognition, a subsidy of up to 30% of the actual R&D investment for that year will be granted, with a maximum of 3 million yuan per enterprise and a subsidy period of up to three years; for enterprises that are newly included in the statistics, upon recognition, a one-time reward of 200,000 yuan will be granted. For enterprises that reach a certain scale, when their annual main business income first reaches 100 million, 300 million, 500 million, and 1 billion yuan, upon recognition, rewards of 100,000, 300,000, 500,000, and 1 million yuan will be granted respectively; for high-level talent innovation and entrepreneurship projects in the metaverse field, after the "Golden Boot Running" entrepreneurial project review, a maximum entrepreneurial subsidy of 10 million yuan will be granted, etc. (source link)
