According to the relevant provisions of the Announcement on Continuing to Implement Tax Policies for Science and Technology Business Incubators, University Science Parks and Creative Spaces, the property and land provided to the incubator for their own use free of charge or through leasing shall be exempted from property tax and urban land use tax; The income from providing incubation services to incubating objects shall be exempted from VAT.

Science and technology business incubators, which aim at promoting the transformation of scientific and technological achievements and cultivating high-tech enterprises and entrepreneurs, include comprehensive and professional science and technology business start-up service institutions such as high-tech business start-up service centers, university science parks and overseas students' pioneer parks. Hi-tech business incubator is also called high-tech business start-up service center in China. It provides physical space and infrastructure for newly established small and medium-sized scientific and technological enterprises, and provides a series of service support, thus reducing the risk and cost of entrepreneurs' entrepreneurship, improving the success rate of entrepreneurship, promoting the transformation of scientific and technological achievements, and cultivating successful enterprises and entrepreneurs.