The Department of Science and Technology of Hainan Province announced the approval of the "Three-Year Action Plan for Hainan Province to Promote Scientific and Technological Innovation and Implement its Practical Action (2021-2023)" (hereinafter referred to as the "Plan"). The Action Plan sets out a common goal: “One province, two cities and three pillars”. “One province” is the overall goal of creating an innovative province. “Two Cities” - to help Haikou City enter the forefront of national innovation cities, and build a national innovation city in Sanya City.


The Three Foundations are the three major cities of South China, the deep sea and the aerospace industry. Significant and remarkable achievements have been made in technological innovation. The plan aims to strengthen applied research, integrated innovation, highlight the cultivation and development of innovative and entrepreneurial technology enterprises, and promote the industrialization of innovative achievements, in order to provide strong scientific and technical support for the establishment of the Hainan Free Trade Port. The Action Plan reportedly puts forward concrete metrics as "six doubles and six breakthroughs."


Six doubles means that the intensity of investment in R&D will increase from 0.6% (assessed value) in 2020 to 1.2%, the number of high-tech enterprises will increase from 1,005 to 2,000, and the operating profit of high-tech enterprises will increase from 82.4 billion yuan to 160 billion yuan. The number of scientific and technological innovation platforms has increased from 7 to 14, and the number of projects approved by the national science and technology plan in three years will increase from 599 to 1000, and the coverage of research institutes established by industrial enterprises above the established size in the province will strive to achieve 50%.


It is planned to launch six global actions on six dimensions: the technological innovation platform, the regional innovation plan, the subject of enterprise innovation, industrial technology research, technological system innovation, innovation and the ecology of entrepreneurship, as well as to implement 33 key measures to achieve breakthrough progress in six dimensions. It is planned to raise RMB 3 million to RMB 10 million in research funding for the national scientific and technological innovation platform, and to allocate up to RMB 20 million in research funding subsidies.


It is proposed to support enterprises in the creation of research institutes and increase investment in R&D, as well as to provide a 30% subsidy for an additional part of high-level R&D costs. It is planned to implement large science and technology projects in major industries, expand the scope of provincial science and technology plans, promote the development of new research institutes, promote the transfer and transformation of new drug discovery results, and provide up to 5 million yuan to the provincial manufacturing innovation service. a set of rewards, etc. It is estimated that by 2023, the province's budgetary investment in science and technology will reach 5-6 billion yuan and will attract social funds of 12 billion yuan. By 2023, the province's financial investment in science and technology will double compared to 2020, reaching 5-6 billion yuan, and the investment of market actors in R&D to 12 billion


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