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          Home> Why Zhongguancun
          Policy: Venture capital policy in Zhongguancun Science Park
          (chinadaily.com.cn)
          Updated: 2011-11-14

          Policy gist: Venture capital enterprises help high-tech enterprises get a maximum subsidy of three million yuan.

          A high-tech enterprise invested by a venture capital enterprise shall be an unlisted high-tech enterprise in Zhongguancun, and the duration from the establishment date of the enterprise to the date when it signs an investment agreement with the venture capital enterprise shall not exceed five years.

          The subsidized object is the actual amount of investment of the venture capital enterprise in the form of currency. The subsidy limit is 10 percent of the actual amount of the investment. The maximum amount of a single subsidy is one million yuan. A venture capital institution participated by the government in the form of a guide fund shall be entitled to risk subsidy based on the shareholding ratio of social capital. The subsidy of a venture capital enterprise received due to investment in a same enterprise may not exceed one million in total. The subsidy of a venture capital enterprise may not exceed three million yuan within one year.

          A venture capital enterprise entitled to risk subsidy shall meet the following conditions:

          (1) It shall be a Zhongguancun venture capital partner recognized by the Administrative Committee of Zhongguancun Science Park. If an enterprise entrusts investment to a professional venture capital management company, only the venture capital management company may be granted risk subsidy.

          (2) The invested enterprise shall be an unlisted high-tech enterprise in Zhongguancun and the duration from the establishment date of the enterprise to the date when it signs an investment agreement with a venture capital enterprise shall not exceed five years.

          (3) The investment has been completed, which means the investment fund has been added to the invested enterprise in the park, and the industrial and commercial modification registration has been completed. A recognized venture capital enterprise may invest in the enterprises in the park by using its own fund or the fund managed by it in trust in the name of a trustor. The investment made in the enterprises in the park through a company with special intention in form of return investment is equal to the investment of a venture capital enterprise made in the enterprises in the park.

          Subsidy standard

          The subsidized object is the actual amount of investment of the venture capital enterprise in form of currency. The subsidy limit is ten percent of the actual amount of investment made in the enterprise. The maximum amount of single subsidy is one million yuan. A venture capital institution participated by the government in form of a guide fund shall be entitled to risk subsidy based on the shareholding ratio of social capital.

          The subsidy of a venture capital enterprise received due to the investment in a same enterprise may not exceed one million in total.

          The subsidy of a venture capital enterprise may not exceed three million yuan in a year.

           

          Zhang Yiping

          Director of the Minor Enterprise Service Center of the BMDRC

           

          Yu Jun

          President of Zhongguancun Development Group

           

          Yu Yang

          President and CEO of Analysys International

           
           

          Zhongguancun Science Park

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