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Science and technology projects in Ganzhou County, Jiangxi Province, such as “Preparation of high-purity rare earth elements through combined optimized dissolution and sequential extraction of phosphor waste materials,” have been approved for funding. Source: China Chemical Industry Information Network. Recently, the Ministry of Science and Technology announced the list of projects approved under the 2012 first batch of Small and Medium-sized Enterprise Technology Innovation Fund programs. Four projects submitted by enterprises in Ganzhou County, Jiangxi Province, including Xinsheng Rare Earths, namely “Preparation of high-purity rare earth elements through combined optimized dissolution and sequential extraction of phosphor waste materials,” “New high-grainularity, high-toughness cemented carbide materials and their preparation technologies,” and “Public service platform for the transfer of advanced processing technologies for tungsten and rare earths,” were included on this list; they received a total of 3.5 million yuan in financial support from the science and technology sector. The Small and Medium-sized Enterprise Technology Innovation Fund is a **special fund established with the approval of the State Council** to support technological innovation in small and medium-sized technology-based enterprises. It provides support and guidance for such enterprises’ innovation activities through grants, loan interest subsidies, and capital investment, thereby promoting the transformation of scientific and technological achievements and accelerating the industrialization of high-tech technologies.
I hope the money spent will be put to good use. China really needs to produce products with real value these days. But having been involved in several projects funded by **, I can say that they were basically just ways for companies to cheat people out of their money