Shandong will set up provincial venture capital fund to support independent innovation

&http://www.aliyun.com/zixun/aggregation/37954.html ">nbsp; The reporter learned from the Shandong Development and Reform Commission that Shandong province will set up provincial venture capital fund, through equity participation or provide financing guarantee, strengthen the guidance of government funds to social funds, support the development of independent innovation, accelerate the development of High-tech industries.

Shandong Province will establish an interactive mechanism between government funds and venture capital funds to support the development of small and medium-sized high-growth High-tech Enterprises by means of equity and creditor's rights. and stipulates that the investment proceeds of state-owned equity investment, equity disposal income, continue to be used for venture capital investment, expand the amount of venture capital funds.

Shandong province also encourages relevant departments and units to set up venture capital enterprises, to support the start-up enterprises in the seed stage and start-up period, and to guide the investment in the High-tech enterprises and projects in the prophase of industrialization.