Zhejiang Innovation Leading Fund was established
Published on: April 22, 2019
The launching ceremony of Zhejiang Innovation Leading Fund and the 2019 Zhejiang Fund Innovation Summit was held in Hangzhou. Song Zhiheng, deputy secretary of the Party Leadership Group and deputy director of the Zhejiang Provincial Department of Science and Technology, Shen Lei, deputy director of the Zhejiang Provincial Department of Finance, Zhang Qicheng, secretary of the Party Committee and chairman of the Zhejiang Provincial Financial Holding Co., Ltd., Qiu Feizhang, executive vice president of the Provincial Venture Capital Association, and Shanghai Stock Exchange, Zhejiang Equity Trading Center, Caitong Securities, Zhejiang Commercial Bank, Zhejiang Branch of China Construction Bank, Huarui Investment The principals of many financial and venture capital institutions including Zhejiang Venture Capital attended the launch ceremony.
Song Zhiheng said that the provincial innovation leading fund was upgraded from the original provincial science and technology achievements transformation leading fund, and was the first theme fund of the transformation and upgrading industry fund of Zhejiang Province to publicly solicit investment institutions, highlighting the important role of the fund in guiding social forces to increase investment in science and technology innovation, cultivating technology-based SMEs, and supporting the innovation-driven development strategy.
It is a major measure to build an innovation-oriented province with unconventional efforts, complement the innovation weaknesses, and create a “ten linkage” innovation and entrepreneurship ecosystem for scientific and technological innovation; It is an effective way to serve the “double increase” action of science and technology enterprises, solve the problem of financing difficulty and high cost of science and technology small and medium-sized enterprises, strengthen the connection with the listing of science and technology innovation board, promote industrial transformation and upgrading, and accelerate the high-quality development of the province’s economy.
Song Zhiheng pointed out that through the implementation of the provincial innovation leading fund, the first is to accelerate the transformation process of the new and old kinetic energy in the province, guide the transformation of traditional enterprises to high-tech enterprises, high-tech enterprises to listed enterprises, and promote the transformation and upgrading of industrial structure; The second is to promote the formation of a good innovation and entrepreneurship ecosystem in Zhejiang, build a distinctive fund investment ecological platform, screen and cultivate excellent enterprises and entrepreneurial teams, and constantly improve the management and governance level of enterprises; Third, build the brand effect of Zhejiang government’s industrial fund, form a group of Zhejiang venture capital brands, play an important role in solving the financing difficulties of technology-based enterprises, helping enterprises find the right path of R&D innovation, widely carry out innovation and production cooperation, and effectively develop international and domestic markets, and cultivate a number of invisible champions in the subdivided industries; Fourth, we should effectively guide the joint investment of social capital, establish the cooperation mechanism between financial capital and social capital and various financial institutions, form the superposition effect, pull effect and amplification effect of financial investment in science and technology, and give full play to the leverage effect of “four, two, and one thousand pounds” of the innovation leading fund.
“As the competent department of the fund, the Provincial Department of Science and Technology, together with the Provincial Department of Finance and the Provincial Financial Holding Co., Ltd., will rely on the strength of professional institutions and professionals such as the Provincial Venture Capital Association to operate the fund well in accordance with the Administrative Measures for the Transformation and Upgrading Industry Fund of Zhejiang Province and the Operation Plan for the Innovation Leading Fund of Zhejiang Province.” Song Zhiheng said.
The Provincial Department of Science and Technology will be responsible for the construction of the innovation leading fund project library. Centering on the key development industries and key investment directions of Zhejiang, innovative enterprises and military-civilian integration scientific and technological achievements transformation projects founded by high-end talents such as national and provincial major science and technology projects, award-winning enterprises in innovation and entrepreneurship competitions, and “* * Plan” will be directly put into storage; Innovative projects at home and abroad recommended or recommended by universities, scientific research institutions, enterprises, scientific and technological personnel, investment institutions, etc. shall be put into storage after being reviewed by the Provincial Department of Science and Technology.
Shen Lei said that the provincial finance attaches great importance to the development of Zhejiang’s scientific and technological innovation, proposes the policy system of “concentrating financial resources to do great things”, and around the implementation of the action plan to accelerate the cultivation of new drivers of development, the provincial finance will arrange 60 billion yuan, and link the municipal and county finance to invest about 60 billion yuan in 2018-2022, guide the financial capital and social capital investment to strive to reach more than 290 billion yuan, and vigorously leverage the whole society’s investment in research and development. In 2019, the provincial finance will continue to increase its support for the leading role of scientific and technological innovation, highlight the policy and leading role of the government’s industrial funds, integrate and establish the provincial transformation and upgrading industrial funds, focus on the digital economy, innovation leading, Phoenix action, characteristic towns and financial stability and other key industrial fields, and establish the theme funds through the provincial, municipal and county linkage, Guide social capital to increase investment in major industrial projects and innovation and entrepreneurship in our province.
It is reported that the provincial innovation leading fund established this time has a total scale of 2 billion yuan, and will focus on the investment in digital economy, life health, artificial intelligence, aerospace, new energy vehicles, high-end equipment manufacturing, green petrochemical, new materials, clean energy, energy conservation and environmental protection, modern agriculture, new drug creation, precision medical and other emerging industries, as well as 5G-based mobile internet, big data industry application, intelligent manufacturing of characteristic industries, environmental governance The integrated innovation and application of emerging agriculture, the transformation and application of new agricultural varieties and new technological achievements, etc.
As the management and operator of the fund, Zhang Qicheng said that the next step would be to establish a horizontal coordination mechanism with the Provincial Department of Science and Technology and the Provincial Department of Finance. At the same time, he would cooperate with the provincial financial holding companies to form the “Zhejiang Financial Holding Innovation Development and Service Alliance”, focusing on supporting the scientific and technological innovation alliance, focusing on scientific and technological innovation and financial service activities, and focusing on service innovation and entrepreneurship.
At the meeting, the issuance and listing service center of the Shanghai Stock Exchange, the Zhejiang Equity Trading Center, and the Science and Innovation Service Alliance signed cooperation agreements; Experts and scholars from China International Finance Corporation and Shanghai Stock Exchange delivered keynote speeches on science and technology innovation investment, science and technology innovation board, etc.
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(Source: Text/Science and Technology Financial Times/Today’s Science and Technology)