A subsidy of 3 million yuan ($411,021) was recently granted to a project being operated by Jiangsu Yuanqiao Biotechnology in the Taixing Huangqiao Economic Development Zone, located in Taixing city, administered by Taizhou in East China's Jiangsu province.
The announcement was made on Dec 6 in Taizhou city, at the awards ceremony and the innovation and entrepreneurship funding ceremony for the 2024 "Taizhou Has Gravity · Talent Wins the Future" Innovation and Entrepreneurship Competition.
The recipient of the subsidy is synthetic biology and health driven reactor system that is regarded as being core equipment for bio-fermentation and the future food industry.
It is used in the research and development, production and functional evaluation of equipment for healthcare, specialty medicines, functional foods and oral medications.
The system can improve R&D efficiency and the added value of food and medicine and serve the high-quality development of the regional future food and health sectors.