Venture capital, seed funds actively lay out emerging industries and future industries, and "stock loan and debt guarantee" has strengthened the linkage to solve the financing bottleneck of technology enterprises … Nowadays, financial products continue to innovate, and fiscal and tax support continues to increase. In the past, start-up technology enterprises that faced financing problems because of small scale, light assets and difficult valuation have received more help. A few days ago, the reporter walked into a number of technology-based enterprises and felt the enthusiasm for innovation.
Help the early, the small and the excellent, and the fund will take good care of the project growth.
At the end of August, the "Quantum Vision" project in cooperation with Anhui Science and Technology Museum was successfully delivered. Hu Wei, executive director of Hefei Hanhai Quantum Technology Co., Ltd., breathed a sigh of relief: "Thanks to the help of the seed fund, we have the confidence to take this project."
Two years ago, Hu Weicheng, a researcher at China University of Science and Technology, established Hanhai Quantum according to the policy that universities give scientific researchers the ownership of scientific and technological achievements. In the early days of the establishment of this technology-based enterprise, the dilemma of lack of funds, equipment and space once left the founding team at a loss.
In May last year, in the roadshow of the achievement project of Hefei Science and Technology Achievement Transformation Special Class, Hu Wei showed the company’s technology, which successfully attracted the attention of Dean Wong, the leader of the second group of Hefei Science and Technology Achievement Transformation Special Class. As the deputy general manager of Hefei Kechuang Group, the operation manager of Hefei seed fund, Dean Wong made a preliminary agreement with the scientific research team of Hanhai Quantum Company to invest 2 million yuan in seed fund after confirming the innovation and practicability of the project.
The blessing of seed fund not only helped Hu Wei enterprises tide over the difficulties, but also incited other capitals to join. "The enterprise has just been established with no profit and financing difficulties. After getting the seed fund, it not only solves the current financial problem, but also makes our follow-up financing much easier. " Hu Wei told reporters that they are currently negotiating with Hefei Industrial Investment Promotion High-tech Venture Capital Fund Partnership, and will soon get another investment of 3 million yuan.
In 2022, Hefei set up a seed fund with a total scale of 500 million yuan to provide financial support for "original innovation, source innovation and integrated innovation". "Different from other funds, seed fund investment projects are in an earlier stage, like’ sowing’." Dean Wong said that the operation process should be evaluated according to the whole life cycle of the fund, and the maximum loss of the fund should not exceed 50%. Up to now, Hefei Seed Fund has reviewed 108 projects, of which 97 projects have passed the establishment meeting, and the approved investment amount exceeds 160 million yuan.
Since the beginning of this year, aiming at strategic emerging industries such as high-end equipment manufacturing, integrated circuits, biomedicine and big health, Hefei Seed Fund has signed 29 loan projects, totaling 53.5 million yuan, achieving full coverage of key industries. Today, the city has built a "fund jungle" of "government-guided parent fund+seed/angel/science and technology innovation fund+market-oriented fund", which has injected impetus into the high-quality development of local industries.
"Science and technology enterprises in the seed stage and initial stage have great development potential, but they also have problems such as high commercial risks and low credit level, and it is often difficult to obtain funds from traditional financing channels. As a professional organization, angel investment, seed fund and other investments are of great significance to start-ups, which can provide necessary financial support for enterprises to carry out R&D and marketing activities, and also standardize corporate governance and improve project success rate through business guidance. " Tian Lihui, dean of the Institute of Financial Development of Nankai University, said.
In the 6th (2023) China Medical Device Innovation and Entrepreneurship Competition, Qingdao Jianxin Medical Technology Co., Ltd. was awarded the special project of the National Key R&D Plan of the Ministry of Science and Technology, and was selected as the first batch of projects to be invested in the "Fruitful Gold" of Qingdao … After just one year of establishment, Qingdao Jianxin Medical Technology Co., Ltd. achieved rapid development.
In 2022, Feng Qingyu founded Jianxin Medical. With ideas and technology, he and his team came to Qingdao High-tech Zone Road Show in Shandong Province. "At first, we just wanted to have a platform to promote our products. I didn’t expect to be valued by the high-tech zone and get continuous financial support." Feng Qingyu said.
In recent years, Qingdao has devoted itself to building a global venture capital center, promulgated the Management Measures of Qingdao New and Old Kinetic Energy Conversion Guidance Fund and the policy of "Qingdao Venture Capital Ten Articles", optimized the government guidance fund policy system with the government guidance fund as a link, and activated the endogenous motivation of venture capital institutions to invest in Qingdao projects through a series of combination punches such as improving policy incentives and building a capital public platform.
"With the investment of government investment funds, the interest of various financial institutions in us has greatly increased, financing has been much smoother, and more scientific research results have been promoted." Feng Qingyu told reporters that they not only received 30 million yuan of government investment fund, but also 10 million yuan of credit support from Qingdao High-tech Sub-branch of Shanghai Pudong Development Bank, completed tens of millions of yuan of A round financing, and received 5 million yuan of investment from Qingdao "Fruit Gold".
"At present, local funds have developed rapidly, forming a professional and diversified development trend, actively promoting the development of strategic emerging industries and promoting R&D and innovation of high-quality enterprises." Tian Lihui said.
It is understood that the National Guiding Fund for the Transformation of Scientific and Technological Achievements established by the Ministry of Finance and the Ministry of Science and Technology has set up a total of 36 sub-funds, which has driven social capital investment to exceed 100 billion yuan at the project level, with an amplification ratio of 1: 18. Among the invested enterprises, small and medium-sized enterprises account for more than 90%, and 36 enterprises have been listed in science and technology innovation board.
Tian Lihui believes that in order to better support the development of angel investment, seed funds and industrial funds, the government needs to continue to play a good guiding role and provide necessary support and encouragement policies. At the same time, by setting up guiding funds, providing tax incentives and relaxing investment restrictions, we will encourage and guide more social capital to enter related fields, strive to train professionals and establish cooperation mechanisms to jointly promote scientific and technological innovation and industrial upgrading.
"Don’t look at bricks to see patents", credit product innovation promotes the transformation of scientific and technological achievements
Not long ago, Shandong Huajian Testing Co., Ltd. received a national patent certificate, and its research and development of "Staphylococcus aureus detection equipment" was recognized. This is the fourth patent certificate received by Shandong Huajian within three months.
"The company has developed so well, thanks to the help of Linyi High-tech Zone." Wei Kepeng, deputy general manager of Shandong Huajian, said that at the end of last year, the company introduced a group of scientific research talents to focus on related technologies and needed to purchase equipment such as liquid chromatography-mass spectrometry and liquid chromatography.
"The purchase of equipment is nearly 4 million yuan, which is not a small expense for a start-up like us." Wei Kepeng said frankly, "Small and medium-sized science and technology enterprises have no heavy assets to mortgage, which does not meet the traditional loan conditions."
When the development of the enterprise is in a bottleneck, the staff of the Science and Technology Innovation Office of Linyi High-tech Zone made a door-to-door investigation, which brought good news.
According to the staff, Linyi High-tech Zone implemented the "Science and Technology Innovation Financial Environment" optimization and promotion action, introduced the enterprise innovation points system, scored according to the enterprise innovation development indicators, and took the enterprise innovation points as a reference, made accurate policies in different categories and at different levels, and carried out credit evaluation and credit enhancement for small and medium-sized science and technology enterprises. At present, it has established cooperation mechanisms with a number of financial institutions to accelerate the development of special technology and finance products for "innovative points loans". Linyi High-tech Zone has also established service mechanisms such as financing risk compensation, loan discount and guarantee subsidy for small and medium-sized science and technology enterprises in the initial stage, and built a platform for cooperation between government, banks and enterprises.
After listening to the policy, Wei Kepeng repeatedly praised it. Finally, after evaluation, Shandong Huajian scored a high score in innovation points, and successfully won a loan of 5 million yuan from Linyi High-tech Sub-branch of China Construction Bank.
"In the past three years, Linyi High-tech Zone has comprehensively utilized various means such as scientific and technological equity investment, loans for transforming scientific and technological achievements, intellectual property pledge financing, and credit loans for small and medium-sized scientific and technological enterprises, and has helped more than 20 small and medium-sized scientific and technological enterprises in the region to obtain various financing loans of more than 300 million yuan." Hu Deli, director of the Science and Technology Innovation Office of Linyi High-tech Zone, introduced.
Up to now, more than 100 national high-tech zones and more than 30 provincial high-tech zones have comprehensively promoted the enterprise innovation points system, and more than 100,000 enterprises have been included in the points evaluation. In 2022, integral enterprises received nearly 120 billion yuan in credit.
"Looking at patents without looking at bricks", anchoring the scientific and technological characteristics of enterprises to carry out institutional innovation, has activated a pool of spring water in technology and finance.
In Hefei, Anhui Province, in order to alleviate the financing difficulties of small and medium-sized science and technology enterprises, the High-tech Zone, together with four pilot banks, such as Industrial and Commercial Bank of China and Huishang Bank, launched the "loan-investment batch linkage" business, and recommended the technology enterprises that the state-owned holding fund has invested and intends to invest in batches. Since the pilot, 456 enterprises have been recommended, with a total credit of 730 million yuan and a total loan of 573 million yuan. According to the relevant person in charge of the Finance Bureau of Hefei High-tech Zone, now, relying on the platform of "regional economic brain", the local government has developed a series of application tools such as co-creation vouchers, market exchange, financial supermarkets and policy links for enterprises to provide more convenience.
In Zhejiang, CITIC Bank launched the "Kechuang e-loan", a credit product of less than 10 million yuan, which was applied and approved online without mortgage; For enterprises with strong scientific and technological attributes, capital operation and listing expectations, credit loans of up to 30 million yuan will be given by adopting the credit card approval model; For the core talents in the management team of science and technology enterprises, a "talent loan" product with talents as the mainstay and supplemented by business and financial judgment will be launched, with a maximum amount of 30 million yuan.
In Shanghai, Industrial Bank improved its financial service system based on the industrial park, gave full play to the advantages of "firm+investment bank", and provided financial support for small science and technology enterprises in the supply chain and industrial chain. By the end of 2022, there were 26,906 customers in the Industrial Bank Shanghai Branch, an increase of 4,450, accounting for 61%.
Tian Lihui believes that supporting the innovation and development of start-ups requires continuous innovation of financial products and services. In the future, we should continue to improve technology and finance, supply chain finance, financing guarantee, loan insurance and other different types of products and services to meet the needs of different types of enterprises and provide more abundant financing channels for start-ups.
Fiscal and tax support and supporting services are in place to reduce the burden for innovation and entrepreneurship.
Simplify the registration procedures, provide preferential rent, extend the contract period, give entrepreneurship subsidies, technological innovation subsidies, talent introduction subsidies, and introduce a series of preferential tax policies … All measures are taken to reduce the burden on start-ups and support the development of innovation and entrepreneurship.
Support talent introduction and technical research, and all kinds of subsidies are multi-pronged.
According to Yong Zhi, general manager of Hefei Zhuohua Intelligent Technology Co., Ltd., the rapid growth of the company is inseparable from financial support.
"In the early days of the company’s establishment, it was necessary to spend money everywhere to decorate factories, purchase equipment and attract talents. At that time, the pressure of purchasing raw materials was great, and the capital turnover was particularly difficult. Fortunately, as a national high-tech enterprise, it can enjoy financial subsidies. The city gave a subsidy of 130,000 yuan to the research and development expenses of small and medium-sized science and technology enterprises, and a subsidy of 400,000 yuan to high-tech enterprises. These two funds helped us a lot. " Yong Zhi said.
The talent apartment provided in the area also solved the housing problem of Wei Ankun, the company’s R&D director. After graduation, he stayed in Hefei and moved into a talent apartment. The monthly rent was only in 500 yuan.
In order to effectively meet the development needs of start-ups, Hefei High-tech Zone has specially issued "Several Policies and Measures for Building a World-leading Science and Technology Park to Further Support Scientific and Technological Innovation", and issued 16 specific support policies in supporting the construction of high-level innovation platforms, supporting the introduction of high-level talent teams, and promoting the transfer and transformation of scientific and technological achievements.
Tax incentives to encourage the development of entrepreneurial platforms and venture capital enterprises.
"Our company mainly provides incubation services for technology enterprises. As of August this year, we enjoyed tax concessions including value-added tax, property tax and land use tax of more than 750,000 yuan." The Science and Technology Park built and operated by Yinxing Investment Group Co., Ltd. has a national-level technology business incubator, a municipal-level creative space and a district-level technology business accelerator. Jiang Yuyan, the company’s financial director, said, "The operation and maintenance costs of the incubator are high, and the preferential tax and fee policies have been implemented in time to reduce the operating pressure of enterprises and support us to better serve innovative enterprises. At present, the company has invested in more than 10 start-ups and 85 small and medium-sized enterprises. "
Recently, the finance and taxation department issued an announcement to continue to implement the tax policies related to science and technology business incubators, university science parks and Zhongchuang Space. Property tax and urban land use tax shall be exempted for national and provincial science and technology business incubators, university science parks and national record creation spaces, as well as for real estate and land provided to incubatees for free or through leasing; The income from providing incubation services to incubating objects shall be exempted from VAT.
"Actively establishing incubators and accelerator platforms can provide office space, financial support, legal advice, talent introduction and other services for start-ups, and form a professional environment to help start-ups develop and grow better." Tian Lihui believes that the financial system that supports the innovation and development of start-ups should be diversified and multi-level. It is necessary to develop various investment institutions such as angel investment, venture capital and private equity. At the same time, it is necessary for the government, financial institutions and other parties to deepen cooperation and provide start-ups with all-round services and assistance.
Reporter Wang Guan You Yi Wang Pei