Cao He jing: How to retain the growing High-tech enterprises

Cao Jing: How to retain the growth of High-tech Enterprises Li Jingying Editor's note: In the CAO-Jing Development zone, has listed enterprises close to 30, in line with the gem listed enterprises about 20. Many entrepreneurs in the choice of a second venture, still stay here, and when the enterprise wants to expand the scale, the first thought is also in the development zone can achieve the goal.　　For the start-up enterprises, the attraction of the Cao Jing is not only to provide services such as management, technology, training, service and market development, but also to obtain financial support through the development zone's venture capital fund.　　In 1997, Yang Chonghe and his three partners rented a 10-square-metre office in the Cao-Jing Development Zone, formed a new technology and started the semiconductor chip design work.　　Through 3.5 of the entrepreneurial effort, the company accumulated capital from Walden International, Shanghai Huahong Microelectronics Co., Ltd., Japan Nomura and the famous venture capital companies and investors in Taiwan region of China, and eventually acquired 85 million U.S. dollars by the US semiconductor giant crocodile IDT.　　After the completion of the merger Yang Chonghe again, two times the location of the venture is still selected in the Cao He Jing Development zone. Companies with similar experiences are optical bridge technology. 2000, a group of international students to start a business, specializing in optical fiber communications product development.　　2002 years after the development of the Cao he Jing, in the next two years, a succession of Lenovo investment, China merchants Fu Xin, far state, and Qualcomm, UOB and Gsif and other venture capital funds, 2006 was the global Optical network communications giant Siemens to close to 100 million U.S. dollars in the amount of acquisition.　　As with Yang Chong and the same, the second starting point for this group of returnees is still locked in the CAO-Jing Development zone. Create "Cao He jing" brand entrepreneurial environment Shanghai Cao He jing Emerging technology Development Zone General Corporation (hereinafter referred to as "the head of the Industrial development Zone,") Science and Technology department in charge told CBN reporter, in the development zone, such as two times entrepreneurial experience of a number of enterprises, or even partly through the development zone incubator　　In the need for scale expansion, the first thought is the possibility of expanding in the development zone, rather than moving away. To that end, in the development zone, "full" after the "full", and will reach out to other areas, Cao he jing Development Zone Pujiang High-tech Park, Cao-Jing Development Zone Waigaoqiao Park, the new Economic park, Cao-Jing Development zone, Lingang Park, the export processing zone of Cao He Jing, Cao he jing modern service industry　　The functional area of the brand has formed the overall layout of the development zone today.　　In the above head, a small business is like a child, the need for constant temperature, humidity environment is easy to grow quickly and healthily, and the development zone's biggest responsibility is to create such a small business to grow up environment. According to him, the development zone has been listed in the domestic-funded science and technology enterprises have nearly 30, currently accepted by the SFC and the company will include Shenrui Power and God Open shares, completed and are restructuring the enterprise has more than 10 enterprises in line with the gem listing requirements of the enterprise in 20 or so, mainly in information technology, heavyLarge equipment, biomedical and financial services and other fields.　　Taking the entrepreneurial center as the spindle according to the relevant personnel of Cao he Jing Development Zone Corporation, the development Zone from the 1984 Shanghai Municipal Microelectronics Industrial Zone, the municipal government to provide 100 million yuan loans started, more than 20 years to rely on these capital cycle development, comprehensive economic strength ranked in the top ten, unit area economic benefits in the national development Zone　　At present, the development Zone has formed information (microelectronics, computer and software, optical communications, etc.), new materials, biomedicine, aerospace, modern service industry five pillar industries, with Chinese and foreign High-tech enterprises and research and development, services and other institutions more than 1200, last year to achieve sales revenue of 160.3 billion yuan. Among them, the establishment of the Science and Technology pioneering center is an important bargaining chip which attracts the enterprises directly and brings economic benefits. "To the entrepreneurial Center as the main body for the enterprise to bring management, technology, training, market development, financing, such as a full range of three-dimensional services."　　Said the head of the technology department. From the geographical point of view, Cao he jing Development zone headquarters across Shanghai Xuhui District and Minhang.　　It is reported that in encouraging the listing of enterprises, two districts and the development Zone reached a strategic alliance. Xuhui and Development zone jointly set up a 10 million-yuan listing support funds, each listed company can get more than 2 million yuan on the cost of listing subsidies, Minhang for each enterprise listed to support funds up to 3 million yuan, including the cost of the listing subsidy of 1.5 million yuan, bank loans discount 1.5 million yuan. "Basically each development zone listed enterprise can obtain 3 million ~400 million of listed subsidy."　　said the person.　　In addition, for the start-up enterprises, the development zone according to the actual situation of enterprises, each year from the tax submitted by the enterprise to give a certain proportion of the funds returned as the development funds of enterprises. According to the director of the Development Zone Science and Technology department, in order to deal with the impact of financial crisis on enterprises, the development zone and local government jointly funded more than 10 million, to dozens of industry-oriented development zone potential enterprises to provide help funds.　　At the same time, in the financing of enterprises to explore a way to borrow.　　In March this year, the Xuhui government and the Cao he Jing Development Zone Corporation as the client jointly financed the "Cao He jing Emerging technology development zone SME financing platform", the initial size of 50 million yuan. "The actual operation through the trust platform, the enterprise funds application limit from tens of thousands of yuan to 5 million yuan, the fund application period from 7 days to 6 months." "After 2 months of operation, we have operated 7 projects with a cumulative loan of up to $6.7 million," he said.　　"At the same time, with the help of this platform, the Bank of Communications Xuhui Branch will be the science and technology enterprises 6 months to 1 years of large capital needs (more than 5 million yuan) to carry out the follow-up loan services, and enlarge the credit limit to a single loan of up to 20 million yuan." Explore the path of venture investment at the same time, the development zone began to try to venture capital in 2000, and the city created a loose 20 million Yuan venture investment fund, 2002 and the formation of a 30 million-yuan Shanghai Cao Jing Venture Capital Co., Ltd. as a baseGold Company, by the Development Zone Entrepreneurial center, such as a joint venture to establish a management company entrusted to manage the fund, has invested 9 projects. In addition, in cooperation with the Social Fund, the development zone has accumulated more than 9 billion yuan to attract social funds. For the development zone of enterprise financing trends, development Zone Science and Technology department head is familiar. According to his introduction, last July, Shanghai Sequoia Gold Card Information System Technology Co., Ltd. won 5 investment institutions, a total of more than 100 million yuan investment; this year, the Sanjiang capital and Yu Long bio signed a 20 million-dollar financing cooperation Agreement; Hong-Vision Newsletter received 1.8 million dollars of angel investment last year,　　The first half of this year, the old shareholders and management to increase the capital 11 million yuan, is currently conducting a new round of financing negotiations ...　　In the promotion of enterprise listing, Cao-Jing Development Zone specializes in the establishment of development zone enterprises listed services Office, as early as the financial crisis last year, the capital market downturn has launched the enterprise listing cultivation work. "With the implementation of the various laws and regulations of the gem, we will carry out special publicity, training and coaching activities for the second half of this year to further promote the listing of enterprises in the development zone." said the person.