On June 27, 2023, the Guangzhou Development Zone and the Development and Reform Bureau of Huangpu District, Guangzhou, issued the "Management Measures for the Special Fund of the Sino-Israel Bio-industry Incubation Center(BIG) in Guangzhou Development Zone" (Guangzhou Huangpu Development and Reform Regulation [2023] No. 1).
This policy comprehensively optimizes the original 2017 policy and increases support. Projects that join BIG can receive up to RMB 3 million (for medical devices) or RMB 5 million (for pharmaceuticals) in support and enjoy international "one-stop" incubation services by residing in BIG.
