On December 9, Zhejiang Science and Technology Finance Support Innovation and Entrepreneurship Forum and 2015 Yangtze River Delta Regional Venture Capital Summit were held in Hangzhou. Qiu Feizhang, Deputy Secretary of the Party Group and Deputy Director of the Department of Science and Technology of Zhejiang Province, attended the meeting and delivered a speech, Wang Hongli, Vice President of Zhejiang High-tech Enterprise Association, relevant responsible persons of Zhejiang Province, Shanghai Municipality and Jiangsu Venture Capital Association, as well as representatives of venture capital institutions and enterprises in the Yangtze River Delta region attended the meeting.
Qiu Feizhang pointed out that innovation is inseparable from the injection of capital, especially in the growth process of technology-based small and medium-sized enterprises, capital is a key factor. At present, the provincial party committee and government regard scientific and technological financial innovation as an important starting point for promoting scientific and technological innovation and promoting economic transformation, starting from the two aspects of improving corporate financing capabilities and government building platforms, actively building a long-term docking platform for “capital” and “knowledge”, and promoting the deep integration of science and technology and finance. At present, Zhejiang has set up an industrial guidance fund of 20 billion yuan, plus local matching funds, and the entire industry guidance fund exceeds 50 billion yuan; The Provincial Department of Science and Technology has set up a special cultivation fund of 300 million yuan for small and medium-sized enterprises to help enterprises transform scientific and technological achievements; Encourage venture capital institutions in Zhejiang to apply for major provincial-level science and technology projects; Implement the science and technology innovation policy, and the additional deduction of R&D expenses will “reduce the burden” of science and technology enterprises by 10 billion yuan every year. Qiu Feizhang emphasized that the Innovation and Entrepreneurship Forum is a grand event for Zhejiang venture capital, which aims to help technology enterprises connect with venture capital institutions, encourage venture capital to promote the growth of science and technology enterprises, so as to promote the transformation and upgrading of Zhejiang’s economy and enable Zhejiang’s economy to develop sustainably and healthily.
In the keynote speech, Sun Li, Director of the National Equity Transfer System Business Department, made a speech on “Interpretation of Relevant Policies of the New Third Board”, and Liu Haibo Research Institute of the Academy of Science and Technology Policy and Management of the Chinese Academy of Sciences gave a speech on “Investment in Intellectual Property”. In the theme forum, representatives of some venture capital institutions made in-depth analysis and discussion on the opportunities and challenges of venture capital development in the Yangtze River Delta under the new normal, as well as the main channels, models, ideas and suggestions for the docking of venture capital and innovation results.
At the meeting, the leaders of the top ten excellent venture capital institutions in Zhejiang in 2015, the top ten outstanding angel investors in Zhejiang, and the top ten excellent venture capital cases in Zhejiang were announced. In the afternoon of the same day, 9 enterprises involved in IT and software, new materials and new energy, biomedicine, high-end manufacturing and other industries held a roadshow and conducted on-site equity auctions after expert comments and interactive exchanges, and all 9 companies were selected by venture capital bosses on the spot, with a success rate of 100% and a total transaction amount of 30.25 million. Among them, Zhejiang Venture Capital invested 10.4 million yuan in Hangzhou Hongyuan Electric Vehicle Co., Ltd., which is the highest equity transaction amount in the whole market.
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(Source: Zhejiang Online Reporter Zhao Lei)