Shanghai launches "Angel Fund" to subsidize college students ' entrepreneurship

Shevit "Quite pleasantly surprised!"　　September 19, when Wei hand to take the loan voucher, cannot help such sigh. Entrepreneurship 3 years, in order to obtain loans, Wei not less toss.　　It was not expected that in the Zhejiang Tyrone Commercial Bank, only 10 working days to approve his loan application, and in order to sign the contract, the account manager has been waiting for him until midnight 12:30, which in the past can not think.　　The same day with Wei to obtain loans of college students have 9, although the amount of loans is not small, the scale of only 500,000-1.5 million yuan, but for these newly-started college students, has been like "Angel" general.　　To the surprise of more college students, Shanghai began to set up a nationwide "angel Fund", and launched a new funding model, graduated 5 years of college students can apply, regardless of domicile and source land. The hardest thing for college students to start a business is capital. Wei is deeply touched by this.　　In the initial stage of enterprise, how to solve the problems of the different period of college students ' entrepreneurship and solve the problem of capital, Shanghai has been exploring for 5 years. 2005, Shanghai set up a government-led science and technology start-up fund for university students, and set up a sub-fund in more than 10 universities. As long as the college students have the intention to apply to the foundation, according to different circumstances can obtain 50,000-300,000 yuan funds.　　The company has grown up and returned the money to the foundation, and if it loses, the foundation will no longer recoup its investment. As of August 31 this year, Shanghai cumulative acceptance of Business Projects application 1607, the cumulative approval of 452. According to incomplete statistics, the start-up enterprises to achieve the cumulative sales have been billion, creating a profit of more than 20 million yuan.　　More than 10 enterprises annual sales of more than tens of millions of individual outstanding enterprises, the investment value has reached 200 million yuan. One example is the enterprise founded by Wei.　　The auto parts design and manufacture of the company's first annual output value of less than 200,000 yuan, to 2009 production output has reached 20 million yuan, with 2 factories, staff development to more than 60 people. For this time Wei, the university student Science and Technology venture capital fund is far from enough, need more funds, more multi-channel support.　　But this kind of channel does not seem to be unimpeded, the university student enterprise financing encounters new difficulty.　　Bank loans are the best way to finance a university student's start-up, but getting a bank loan is harder. "Bank loans need collateral, and college students only have ideas and ideas, there is no factory and other fixed assets mortgage, which brings difficulties to the loan."　　"For quite a long period of time, Wei and other university entrepreneurs treated bank loans as perilous." In May this year, Tyrone Bank contacted the Shanghai University Student Science and Technology Venture Foundation, and approached a university student start-up company engaged in the pharmaceutical industry, and eventually the company cooperated with the Shanghai branch of the Tai Lung Bank for the first time and successfully obtained 1.5 million yuan loan.　　The loan took only 10 days from the survey to the final release. After the Shanghai University Students ' science and technology pioneering foundation screening preferred pushrecommended that, as of August 23, in a short period of two months, a total of 9 foundation "angel funds" funded, from the biomedical, chemical, electronic information, machinery manufacturing and modern services and other fields of university students received by the Tai Lung Bank 500,000 yuan, 1 million yuan and 1.5 million yuan mortgage-free, the total amount of 7 million yuan.　　Fang Xinghai, Director-General of Shanghai Financial Services Office, said that it was not enough to make the Shanghai University student Science and Technology Venture Foundation and the Tai Lung bank an "angel", but it was necessary to introduce new innovative mechanisms, such as corporate guarantee mechanisms, to open up the way for young people to start a business and create more What's missing is a more positive attitude. After 5 years of practice, the achievement of Shanghai University Students ' entrepreneurship is becoming more and more difficult. Compared with the need of development, the speed of solving difficulties is relatively slow.　　This is not only a matter of funding, but also involves ideas, institutions and many other issues. The significance of college students ' entrepreneurship is self-evident.　　Kehong, deputy director of Shanghai University of Science and Technology Entrepreneurship Foundation, said that college students ' entrepreneurship is not only about the employment of college students, but also about the vitality and future of the national economy. How to give university students more strength to support and encourage? To this end, Shanghai launched the "Angel Fund" and adopted a new funding model. With the different forms of investment funding in the past, the new model of the "Entrepreneurial Eagle Plan" to take the form of equity subsidy, "Entrepreneurial Eagle Plan" to take the form of debt financing. At the same time, the scope and object of fund funding has been expanded, and the funding years and the classification of the money is more perfect.　　These policies encourage more college students to realize their entrepreneurial dreams. At the same time, Shanghai has also started the university student Entrepreneur Training Program, "Today's entrepreneurship and the past entrepreneurial has a significant difference, because the quality of the entrepreneur has been significantly improved, if they have better preparation, college students entrepreneurial success rate will be greatly improved." Therefore, it is necessary to give them better training.　　"The Shanghai University Student Science and Technology pioneering fund Secretary General Zhang Dewang said. Even more important is the social atmosphere. Fang, an associate professor of entrepreneurship at Ceibs, said: "We are not short of money, the lack of a more positive and open attitude." Even if college students lost some money when starting a business is also worthwhile, because we for the future development of early pay some small cost, more than pay a big cost more worthwhile. ”