Beijing to set up SME venture capital investment Guide Fund

Yesterday, Beijing Development and Reform Commission and Enlightened Venture Capital Co., Ltd. and other 5 companies signed the SME venture capital Investment Guidance Fund cooperation Agreement.　　In addition, 5 investment companies have signed an equity investment agreement with 16 proposed investment enterprises. The Guide fund does not direct to the small and medium-sized enterprises, but shares the way with the social venture capital to set up the venture investment enterprise, by the participation venture capital Enterprise realizes to Beijing to register the pioneering period science and technology, the innovative small and medium-sized enterprise investment. The guiding Fund operates in accordance with the principles of "project selection marketization, public use of funds and provision of service specialization", with institutions as the nominal contributors, with a maximum contribution of 30% of the paid-in capital (or contribution) of VC enterprises, and cannot become the largest shareholder. Equity venture Investment Enterprises in the Beijing region in the entrepreneurial period of the SME capital amount is not less than twice times the amount of capital contribution, specific investment projects by the professional management team in accordance with the market-oriented principles of independent choice