Shanghai Electric(SH:601727) Zheng Quan Shi Bao·2025-08-04 11:48Group 1 - The Shanghai Municipal Government released measures to support enterprises in enhancing basic research and high-quality development [1][4] - The "Explorer Program" aims to attract more companies from key industries such as integrated circuits, biomedicine, and artificial intelligence to participate [1][3] - The program is a collaborative funding initiative between the Shanghai Municipal Science and Technology Commission and participating enterprises, with a minimum annual contribution of 3 million yuan [1][2] Group 2 - The number of participating companies in the "Explorer Program" has expanded from 2 in 2021 to 12 by the end of 2024, including 7 private enterprises [2] - The funding for the program consists of government financial support and contributions from participating enterprises, which must be disbursed within 90 days of government funding [2][3] - The program emphasizes the importance of addressing critical scientific issues and encourages enterprises to play a significant role in proposing research topics [2][3] Group 3 - The measures provide financial incentives for enterprises investing in basic research, including one-time subsidies of up to 10 million yuan for those investing over 100 million yuan annually [4] - Tax incentives are available for enterprises supporting non-profit research institutions and universities, allowing for 100% pre-tax deductions on qualifying expenditures [5] - The measures also encourage the establishment of public welfare foundations for basic research, with government support for projects funded by these foundations [5]