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Jiaxing in East China's Zhejiang province releases 10 measures to support the development of industrial internet. [Photo/cnjxol.com]

Jiaxing in East China's Zhejiang province recently published 10 measures to support the development of industrial internet, which will take effect on March 1.

The 10 measures are as follows:

1) Every year, no more than 10 network transformation projects at companies with more than 2 million yuan ($309,000) in investment will be subsidized at a maximum of 25 percent of total investment, capping at 5 million yuan.

2) Managers of the secondary nodes of identity resolution of industrial internet with 20 million new registered users and 5 million daily resolutions will receive 500,000 yuan per year in subsidies.

3) Every year, five high-quality industrial internet platforms with a total of more than 3 million yuan in investment will be subsidized at a maximum of 25 percent of total investment, capping at 5 million yuan.

4) Every year, 10 information security systems with a total investment of more than 1 million yuan will be subsidized at 25 percent of total investment, capping at 5 million yuan.

5) Industrial internet platforms that serve more than 150 companies and are connected to over 5,000 pieces of equipment will be awarded a maximum of 3 million yuan, while those with more than 100 new users and over 3,000 new connected pieces of equipment per year will be awarded 1 million yuan.

6) Industrial application development projects will be subsidized at 30 percent of total investment and industrial app service providers with annual service incomes of more than 5 million yuan will be awarded 10 percent of their actual revenue, capping at 3 million yuan.

7) Every year, no more than 10 high-quality companies data gathering platforms with at least 1 million yuan in investment will be subsidized at 30 percent of total investment while those with an annual service income of more than 5 million yuan will be awarded 10 percent of their actual revenue, capping at 3 million yuan.

8) Renowned industrial internet service providers in China and abroad will be awarded up to 20 million yuan if they operate in downtown Jiaxing.

9) Industrial internet hubs are encouraged to be established in the downtown area, and will be granted a subsidy of 10 million yuan per year for three years.

10) Every year, five non-government conferences, forums, and competitions involving industrial internet will be awarded subsidies equal to 20 percent of their total expenditures, capping at 500,000 yuan.