Shanghai's Xuhui District has opened up applications for participation in blockchain industry support projects, set to take place in the second quarter of 2024.
Support for Blockchain Standards Development
One of the main aspects of the support program is the provision of a one-time grant for research and development expenses for companies leading or participating in creating international, national, or industrial blockchain standards. Companies participating in the project can receive financial support up to 1 million CNY.
Support for Major Blockchain Enterprises
The Xuhui District will also support enterprises playing a crucial role in the blockchain sector. A one-time grant of up to 5 million CNY is planned for leading blockchain companies or exemplary institutions in specific sectors. These measures aim to position Xuhui as one of the centers of technology and innovation.
Application Process
Applications are accepted from November 8 to 12, 2024. Applications must be submitted both in printed and electronic forms. Documents should be sent to the Xuhui District Data Bureau. Further details are available on the 'Xuhui District' official website.
The development program in Xuhui aims to strengthen the district's position as a tech hub by supporting companies developing blockchain solutions.
