25 Medical Device Companies Funded by the Ministry of Science and Technology

  • 2018-01-12

Another 26 institutions received financial support from the Ministry of Finance and the Ministry of Science and Technology, among which 25 are medical device enterprises. It is not only a fee, but also an honor, as an affirmation of the state to enterprises’ innovation and R&D projects.

On January 4, the Ministry of Science and Technology promulgated the Notice on the Acceptance Results and Subsidy Funds of 26 Post-project Subsidized National Science and Technology Plans Including the “Development of Key Technologies for the Industrialization of CT Detectors and Core Components”. It is reported that 26 projects have passed the inspection, and a total of CNY 41.64 million grant funds will be distributed. Among them, Shanghai United Imaging Medical Technology Co., Ltd. received the most financial subsidies of CNY 3.66 million, while XBO Medical Systems Co., Ltd. (Baotou City) ranked second with CNY 3.63 million funds; National Institutes for Food and Drug Control ranked third with 2.82 million funds; and Suzhou Bowing Medical Technologies Co., Ltd., and MinFound Medical Systems Co., Ltd. also received CNY 2.77 million and CNY 2.53 million funds respectively. In addition, commercialized medical companies such as Lepu, MicroPort, BSBE, WondFo, etc. also had gains.

In 2013, the Ministry of Science and Technology and the Ministry of Finance jointly promulgated the Provisions on Post-project Subsidy Management of National Science and Technology Plan and Special Funds. The two Ministries introduced the post-project subsidy mechanism in the national science and technology plan and special funds under the centralized management of the Ministry of Science and Technology, namely: with the guidance of the national target, the unit invests funds in advance and organizes research and development work; and projects are subsidized based on the results. If project objectives are accomplished, the agreed subsidies are distributed; and if objectives are not fulfilled, there is no subsidy and the implementation unit should bear the risk of failure.