Hebei Province venture capital guidance Fund is ready to start the scale of 100 million yuan

From Hebei Science and Technology Venture Capital Co., Ltd. learned that a few days ago, the construction of venture capital in Hebei Province has made substantial progress, the name of the initial set as "Science and technology SMEs in Hebei Province venture capital Guidance Fund", the initial scale of 100 million yuan.　　Preparations are expected to be completed in the first quarter of next year and are officially listed. The establishment of venture capital guidance Fund is another fruitful achievement in Hebei Province to quicken the construction of local investment and financing system. The guiding fund is a policy fund which is established by the Government and operates according to the market mode, mainly through supporting the development of venture capital enterprises and directing social funds into the field of venture investment. The purpose of guiding fund is to exert the lever amplification effect of financial funds, to increase the supply of venture capital, and to overcome the market failure problem of simply allocating venture capital by market.　　In particular, by encouraging venture capital enterprises to invest in the early stage of seed, start-up period and other enterprises, make up for the general venture capital enterprises to invest in long-term, mature stage and the lack of rebuilding enterprises. The guiding fund is also known as "fund in funds" or "parent fund", which is the most effective tool for government to support venture capital venture and promote the development of High-tech industry. Its focus is "guidance", the goal is "venture capital activities", is intended to guide social funds through financial capital to engage in venture capital activities, is the Government through support for entrepreneurial investment activities to strengthen the development of innovative enterprises, such as the United States Sbic plan, Israel's Yozma plan has carried out a lot of practical exploration.　　From the view of nature, as a kind of financial funds, the guiding fund has the free nature of the source and the policy of operation. According to the introduction, in the provincial finance office, the Science and Technology department and the state-funded Committee and other departments of the strong Support and coordination, the Government has recently agreed to allocate funds allocated by the provincial financial 20 million yuan, provincial science and technology department to arrange three fees 30 million yuan, Hebei Science and Technology venture Capital Co. Hebei Province Science and technology SME venture capital Investment Guide Fund.　　Early next year, will be the establishment of the Steering Fund Management Committee to complete the "Hebei Province venture capital Guide fund Management measures" to solicit comments and revisions. Hu Man, chairman of Hebei Science and Technology Venture Capital Co., Ltd. said, "the establishment and operation of the Guiding Fund can form the complementary advantages of the government and the market, and enlarge the government's investment by 10 times times." Thus, the government input mode from the original single direct input into indirect input, form the complementary advantages of government and market, greatly improve the efficiency of government investment. "According to the introduction, referring to the state-directed fund management measures, Hebei Province to guide the fund to start the operation will be mainly to set up the venture capital fund, follow-up investment two kinds of guidance, applicable to venture capital enterprises and investment functions of the SME service agencies." "After the start-up of the Fund, will fully mobilize the enthusiasm of all sides, and promote the development of venture capital ventures around the province." "Hu Man said.