The Innofund is oriented towards small registered in China with various ownership involving in the R&D, production and services in new and high-tech industrial technology policies, be financed by the fund should comply with the national industrial technology policies, bearing a relatively higher innovation level and stronger position in market competition. The applicant should be a business corporation with generally not more than 500 employees.
Priorities will be given to those projects with innovative technology or independent intellectual property and high value-added, those that are founded by the research personnel or returned overseas students to transfer their scientific achievements, those that are innovation projects jointly initiated by the industrial side, universities and research institutions and those that make use of new and high technology to revive the stock assets of the traditional industries and drive job creations.