The Innofund,The Innovation Fund for Small Technology-based Firms in China.
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Welcome to websites of our company! Guangzhou Zooly information Consulting Co., Ltd. offers the value-added service that the Innofund acts as agent and declares.The Innofund is the abbreviation of
The Innovation Fund for Small Technology-based Firms in China. The
following is the introduction of the Innofund:
Innovation Fund for Small Technology-based Firms
1、A special government fund set up upon the approval of the State Council
2、Supporting technological innovations of STFs
3、Facilitating transformations of scientific
4、Providing financing in the forms of appropration , loan interest subsidy and equity investment
5、Adhering to the principles of honest application, fair processing, strict selection and transparent administration
Fund Nature
The Innovation Fund for Small Technology-based Firms (Innofund) is a special government fund set up upon the approval of the State Council. As a policy guide fund, the Innofund facilitates and encourages the innovation activities of STFs and the transformation of research achievements by ways of financing. In the meantime, it works to bring along and allure investment from the whole society so as to promote the establishment of a new investment mechanism conforming to the objective laws of market economy for technological innovations of STFs.
Without aiming at profit-making for itself, the lnnofound is to contribute to the national economic structure adjustment and the growth of economy, taking revenue increase and job creations as the reward.
Prospectine Fund Projects
The Innofund is oriented towards small registered in China with various ownership involving in the R&D, production and services in new and high-tech industrial technology policies, be financed by the fund should comply with the national industrial technology policies, bearing a relatively higher innovation level and stronger position in market competition. The applicant should be a business corporation with generally not more than 500 employees.
Priorities will be given to those projects with innovative technology or independent intellectual property and high value-added, those that are founded by the research personnel or returned overseas students to transfer their scientific achievements, those that are innovation projects jointly initiated by the industrial side, universities and research institutions and those that make use of new and high technology to revive the stock assets of the traditional industries and drive job creations.
Forms of Financing
1、Appropriation-mainly as the start-up capital to small firms founded by research personnel bearing their own scientific achievements; also providing partial subsidies to STFs for new product development and pilot-production. The appropriation amount to each project will generally not exceed one million yuan RMB with a maximum of two million for key projects.
2、Loan Interest Subsidy-providing interest for STFs requiring loans from commercial banks to expand the production scale of the innovation project. The total subsidy amount of an indivdual project is generally within one million yuan and two million for key projects.
3、Equity Investment-targeted to a few number of projects with a high level of technology starting point greater innovation capacity and market potential in emerging industries. Generally the investment from the lnnofund will not exceed20% of the registered capital of the investee company and will be redeemed within a time limit in accordance with law.
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