Baotou adds 22 more incubation bases

Baotou city in North China’s Inner Mongolia autonomous region added 22 more municipal-level pioneer park incubation bases in 2017, according to the employment services bureau of Baotou.

Some 5,900 enterprises have so far settled in the pioneer park incubation bases.

The city has been making strides in boosting innovation and entrepreneurship with preferential policies and related funds released.

According to policies released, municipal-level incubation bases will be awarded funds of 150,000 yuan ($22,900) or 400,000 yuan each, provincial-level incubation bases will receive 500,000 yuan each and national-level ones will receieve 600,000 yuan each.