According to the policy, the Beijing Economic-Technological Development Area, also known as Beijing E-Town, in Daxing district will spend 10 billion yuan every year to support the implementation of major projects, construction of a laboratory and innovation center, scenario applications, technological transformation, and industrial collaboration through guidance funds, loan discounts, incentives and support.

One focus will be high-precision industry development. More than 5 billion yuan is to be arranged every year to support the implementation of major industrial projects through equity investment and fund investment. The area plans to arrange 500 million yuan in special funding for the four leading industries in the region every year to support their development and 500 million yuan of annual special funding for scientific and technological innovation to guide all kinds of social capital into technological and innovative enterprises and attract high-quality enterprises to develop in the economic development zone.

Comprehensive support of up to 100 million yuan will be given to national laboratories, national technological innovation centers, national industrial innovation centers, and national manufacturing innovation centers. The area will pay up to 100 million yuan in innovation funding to leading companies in the new energy and high-end automobile industries to drive the formation of a 100 billion yuan level industrial cluster.

Audio-visual enterprises or institutions are encouraged and supported to host industry-related events such as exhibitions, forums, innovation competitions, and academic exchanges with significant influence, high degree of international participation, outstanding social benefits, and obvious demonstrative effects. One-time subsidy of no more than 20 percent of the actual costs incurred may be granted, up to a maximum of  5 million yuan for each of such events.

(Source: chinadaily.com.cn , english.beijing.gov.cn)