Recently, the Provincial Department of Science and Technology has announced the first batch of high-tech companies in Jiangsu Province in 2020. Among them, Suzhou Industrial Park ranked first by having 646 small and medium-sized technology-based enterprises including Suzhou ViVest Medical Technology based in the district. The number has increased by 65.22% compared to the first batch.
So what are the preferential policies for technology-based small and medium-sized enterprises on the list?
On July 11, 2018, the Ministry of Finance and the State Administration of Taxation issued the "Notice on Extending the Loss Carry-over Period of High-tech Enterprises and Small and Medium-sized Technology Enterprises" (Caishui  No. 76), which will be effective from January 1, 2018. For enterprises that have obtained the registration number of technology-based small and medium-sized enterprises, their unrecovered losses in the 5 years before the qualifying year are allowed to be carried forward to make up for the following years, and the longest carry-over period is extended from 5 years to 10 years.
In July 2019, the Science and Technology and Information Technology Bureau of Suzhou Industrial Park issued the "Detailed Rules for the Implementation of the Suzhou Industrial Park to Further Deepen the Intellectual Property Strategy". Article 8: For technology-based small and medium-sized enterprises that passed the evaluation of the current year, and applied for invention patents or design registration of integrated circuits will be given 3,000 yuan support fund.
In the "Notice on Organizing the Application of Suzhou Science and Technology Finance Plan Projects", enterprises that meet one of the six conditions can apply for the application, and the technology companies recognized by the National Technology SME Evaluation System are also inclued. The angel investment guidance fund reward subsidy is used to reward and subsidize the investment management enterprises entrusted and managed by the angel investment enterprises that invest in the early-stage technology enterprises in Suzhou.
In 2019, the number of high-tech SMEs in the park reached 1,316, ranking NO.1 in the city.