Hangzhou Shangcheng releases support policies for metaverse-related projects, with a maximum subsidy of 10 million yuan

ChainCatcher news, Hangzhou Shangcheng District has released a series of policies aimed at promoting innovation in metaverse technology, accelerating the agglomeration of metaverse enterprises, constructing a metaverse industry ecosystem, and creating a leading area for the metaverse industry.

It is understood that the series of policies includes multiple measures such as entrepreneurial support, office subsidies, R&D subsidies, growth incentives, talent introduction and cultivation, financial support, benchmark scenarios, and ecological construction. For instance, new metaverse entrepreneurial projects that settle in the area will receive a one-time startup subsidy of up to 200,000 yuan; enterprises renting their own office space will receive an annual subsidy of up to 2 million yuan, with a subsidy period of up to 3 years; and high-level talent innovation and entrepreneurship projects can receive a maximum subsidy of 10 million yuan. (source link)