New Measures Unveiled to Further Support Development of IT Industry

New Measures Unveiled to Further Support Development of IT IndustryThe city reform and development commission recently unveiled measures that will support further development of the information technology industry. During the 12th five year program, the city will be setting aside 500 million yuan special fund for every year for the next fiver years that will help develop the new generation information technology industry.

The special fund will cover developments of a WiFi project, an integrated circuit project and a cloud computing project. The commission will also assist high end talents in the IT industry by providing housing and allowance preferences that will help the talents to own apartments, and help their spouses in looking for a job plus subsidize education for their children.

Companies that will be setting up IT industry laboratories s in the city will be given a 5 million yuan support for city level and as high as 15 million for national level. And companies that will set up IT industry service platform will get 5 million yuan in support as well. Research and development innovations for new generation IT industry will get 5 million yuan and national level projects can get 8 million in support.

By implementing these measures the city hopes that the new generation IT industry output would exceed 120 million yuan by the year 2015, with a growth rate of more than 20 percent.

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