Fujian province to set up a provincial venture capital investment of 600 million yuan

Fujian province, a few days ago set up a provincial venture capital, will be invested in equity, the unlisted small and medium-sized enterprises to invest, the first stage of investment funds scale of 600 million yuan.　　According to Fujian provincial Economic and Trade Commission, provincial finance Department, provincial SASAC jointly issued the "Fujian Provincial venture Capital Management measures (for trial implementation)", the first stage of investment funds by the provincial financial funds to invest in Fujian Province, the group limited liability company, and is responsible for the operation and management of investment fund. According to the management methods, registered in Fujian province, in line with the national industrial policy of the seed period, start-up period, the start-up period of SMEs are investment targets.　　Investment gold priority investment in High-tech enterprises, key industries upgrading enterprises, the listed joint-stock enterprises, provincial-level technology centers of enterprises, as well as qualified venture capital enterprises and forward-looking, leading other enterprises. In addition, the scheme also stipulates that the investment fund mainly uses the venture capital, the stage participation and the follow-up investment 3 kinds of Operation way. The investment period of adopting venture capital and following up investment is not more than 8 years, and the investment period of taking part in the mode of operation is not more than 5 years; Venture capital funds shall not be used in loans or stocks, futures, real estate, corporate bonds, financial derivatives and other investments, and used for sponsorship, donations and other expenditures, idle funds can only deposit banks or buy bonds.