11 of the first gem companies have been supported by the National Innovation Fund

The latest data from the Torch center of the Ministry of Technology to the securities Daily Show that as of December, nearly one-third of Shenzhen's small and medium-sized board listed companies have been funded by the "Technology Innovation Fund for SMEs".　　In the first batch of 28 enterprises listed in the GEM, 11 have received the early support of "Technology innovation Fund of Science and Technology SMEs", accounting for nearly 40%. 8.84 billion yuan financial funds to pry more than 40 billion yuan social capital as a special fund to support and guide technological innovation activities of small and medium-sized enterprises, by the Ministry of Science and Technology, the Ministry of Finance supervision of the "Science and Technology SME Technology Innovation Fund" (hereinafter referred to as the Innovation Fund) has received nearly 50,000 technical project declaration,　　The project funded 14,450 projects of more than 12,000 enterprises, of which 33% of the enterprises to set up less than 18 months of start-up enterprises. Ministry of Science and Technology Torch Center statistics show that by the end of 2008, the central government to 8.84 billion yuan to attract local capital and social funds more than 40 billion yuan; incomplete statistics show that 93.4% of the undertaking project enterprises receive support from local government supporting funds, 60.7%　　The undertaking project enterprise obtains the bank loan support; In the Innovation Fund project which completes the acceptance, the National Innovation Fund supports only 9.8% of the total project investment, the enterprise investment, the bank loan and the local government input reach 49.8%, 34.7% and 5.6% respectively. has visited the field to investigate more than 100 small and medium-sized science and technology enterprises, organizations written on the dozens enterprise case, deputy general manager Chenhong that "hundreds of thousands of yuan of free subsidy or loan discount for small and medium-sized science and technology SMEs is very important, but more importantly, innovation funds to bring the conduction effect."　　"In his view, the Innovation fund to the enterprise's most front-end external support, after the enterprise through the rolling development of financial capital, and in the development of a certain stage, to the capital market will become a success." Science and Technology Department Torch Center Deputy Director of Science and Technology, small and medium-sized Technology Innovation Fund Management Center Director Zhang Weixing in the Securities daily interview, said: "The exploration of venture capital guiding fund can accelerate the growth of venture investment industry as a catalyst and promoter of High-tech development, and it will further promote the docking between sci-tech SMEs and market. "At the same time, Zhang Weixing pointed out that" the responsibility and objectives of the Innovation Fund and the gem are complementary to each other, so the innovation Fund to strive to become the gem market resources of the breeders. "[Page] to cultivate high-quality listed resources of the" angel "in many of the enterprises to be supported by innovative funds, to achieve the threshold of the gem or the SME board is only a part of the outstanding representatives, there are more enterprises in the cultivation period, growth period.　　The innovation fund has become an important financial platform for the stock market of our country, to cultivate the independent intellectual property rights and to have the independent innovation ability. Innovation Fund focus on supporting the start-up period of small and medium-sized science and technology SMEs, improve the enterprise to resist the initial risk of development capacity, to help enterprises through the "Death Valley." After 10 years of development, innovation FundTo fill the Chinese capital market is a major shortcoming, in fact, has become a multi-level capital market in China, "Angel."　　The project enterprise not only obtains the support of the Innovation Fund and the local government supporting funds, but also benefits from the model role of the Innovation Fund and the credibility of the Government fund, which is easier to finance from the capital market and other capital channels. 2007, the Ministry of Science and Technology, the Ministry of Finance formulated the "Science and technology SME venture capital Guidance fund Management interim measures", and launched a risk subsidy, investment guarantee two types of free subsidy, innovation fund began to try to take equity investment in the way to guide social funds into the field of venture capital, To guide venture capital Enterprises to invest in the start-up period of science and technology SMEs. In the 2008, the Venture capital Investment Guide Fund equity Investment Way further innovated the public finance to support the small and medium-sized enterprise technological innovation Support Way, promoted the science and technology and the finance and the capital market Union, has guided more social funds to support the small and medium-sized Enterprise's technology research and innovation. The initial stage of the pilot venture investment guidance fund has reached 159 million yuan, leading to social capital of 1.045 billion yuan, magnified nearly 7 times times.　　At present, the total amount of VC-led funds set up by various localities has exceeded 10 billion yuan. According to the reporter understands, the innovation Fund uses "the government department policy-making and the supervision, expert advice, the implementation of the specific operation of the structure of the working framework, dedicated to the establishment of more than 2000 experts database, the project to take the expert review of rotation mechanism, and" back-to-back "trial mode, to ensure that the Innovation Fund project Review of the objective, impartial, competitive, Preferred。 At the same time, the Innovation Fund also implemented a digital management system, the enterprise through the Landing "Innovation Fund Network Work System" for online reporting, experts to conduct network evaluation, project projects online publicity, and formed an efficient, transparent, fair and effective interactive management model. This will not only reduce the risk of capital, but also establish the credibility of the government funds.