January 09, 2025

Qingdao Laoshan District Formulates Specific Policies VR Enterprises Settled in Lushan

According to the VR editor, Qingdao Laoshan District will soon implement the “Policy on Accelerating the Conversion of Old and New Kinetic Energy to Create High-end Emerging Industries (Trial)”. This policy serves as the general support for Laoshan District's industrial support field, and clearly states that the supporting focus of industrial support funds is finance. In the areas of science and technology, headquarters, emerging industries, and tourism and health, supporting regulations have been formulated including the financial industry, virtual reality (VR) industry, financial talents, and investment promotion agencies.

Among them, some measures to promote innovation in the virtual reality industry are as follows:

1. Virtual Reality R&D headquarters or R&D organization with core technologies and equipped with core R&D team approved by the Laoshan District Government, domestic and foreign key universities, scientific research institutions, centrally-affiliated enterprises, and domestic industry leading enterprises, with an assessment of up to 10 million Yuan subsidy.

2. The above-mentioned institutions for the virtual reality innovation and entrepreneurship vehicles established by the Laoshan District Government can also provide a 100% rent subsidy for a period of no more than 5 years.

3. For the newly registered key virtual reality enterprises in Laoshan District, the actual investment amount will reach 10 million yuan or more within two years from the date of registration, and a one-time start-up subsidy will be granted according to the assessment of 6% of the investment amount in place.

4. For virtual reality companies newly established in the virtual reality innovation and entrepreneurship carrier determined by the Laoshan District Government, they will be granted 100% rent subsidy for the previous two years and 50% subsidy for the next three years.

5. A 40% subsidy will be granted for the cost of cloud service leasing generated, with a term of 3 years.

6. For the first time, the virtual reality business of Laoshan District's virtual reality enterprise has reached 50 million yuan, 100 million yuan, 500 million yuan, and 1 billion yuan in each fiscal year, and has respectively given 500,000 yuan, 1 million yuan, and 150 yuan to the company's operating team. A one-time reward of 10,000 yuan and 2 million yuan.

7. The full-time doctoral and master's degree students who have newly introduced and signed a labor contract of more than three years in the virtual reality enterprise and R&D institution in Laoshan District shall be granted a rent subsidy of 2,400 yuan and 1,600 yuan respectively for three consecutive years.

8. Those who have set up virtual reality related majors in universities and colleges in the districts shall be awarded a bonus of 1 million yuan for a total of 3 consecutive years for setting up virtual reality scholarships. Universities and colleges and universities in the region collaborate with colleges and universities at home and abroad to conduct virtual reality academic education, and for a total of three consecutive years, they will award a maximum of 1 million yuan to colleges and universities in the district.

VR Network will continue to pay attention to and report on the latest developments in the field of virtual reality in Laoshan District, Qingdao, so stay tuned.

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