Measures for the Administration of Shanghai University Students' Science and Technology Venture Fund (for Trial Implementation)

Chapter I General Principles

Article 1 These Administrative Measures (for Trial Implementation) are formulated for the purpose of implementing the main strategy of rejuvenating the city through science and education and further improving the construction of science and technology innovation system in this city.

Article 2 Shanghai College Students' Science and Technology Venture Fund (hereinafter referred to as "Venture Fund") is a special fund to encourage college students to rely on science and technology for independent innovation and entrepreneurship, cultivate innovative talents in science and technology, and broaden employment channels for college students.

Chapter II Sources and Uses of Funds

Article 3 The venture capital mainly comes from the special financial allocation of Shanghai Municipal Government. The scale of funds is 65.438+0.5 billion yuan, which will be implemented in three years and 50 million yuan per year.

Article 4 The venture capital fund encourages Shanghai universities and district/county governments to invest matching funds and absorb social support.

Article 5 Venture capital is mainly divided into "seed capital" and "venture capital" to cultivate college students' independent innovation and entrepreneurship.

Chapter III Management Institutions and Functions

Article 6 The Shanghai Municipal Science and Technology Commission, the Shanghai Municipal Education Commission, the Shanghai Municipal Finance Bureau and the Shanghai Administration for Industry and Commerce are the competent departments of venture capital, and jointly set up a venture capital management committee (hereinafter referred to as the "management committee"), which is responsible for making decisions on major issues such as annual plan arrangement, project approval, supervision and management of venture capital, and formulating specific measures for fund management.

Article 7 The CMC shall set up a venture fund management office (hereinafter referred to as the "fund office"), which is the permanent management institution of venture funds, responsible for the daily management of venture funds, formulating corresponding operational norms and procedures, and making work reports to the CMC regularly.

Article 8 The CMC entrusts Shanghai Science and Technology Investment Company to be responsible for the fund management of venture capital; Entrust Shanghai Science and Technology Investment Company and relevant institutions of higher learning to set up a city-oriented venture capital project management institution (hereinafter referred to as the "entrusting institution") and formulate corresponding implementation rules.

Article 9 Requirements for entrusting institutions: We must rely on the innovation and entrepreneurship service environment of the University Science Park, implement the matching funds of relevant venture capital (not less than 50% matching), and set up an independent project management and fund management department; Provide training and consulting services related to college students' entrepreneurial process.

Chapter IV Supporting Objects and Methods

Article 10 The venture capital fund is open to fresh graduates (including graduates in graduation stage and fresh graduates leaving school), master's and doctoral students and their enterprises (including junior college, higher vocational college, undergraduate, master's and doctoral students from foreign universities with Shanghai household registration).

The basic conditions for supporting objects are as follows:

(a) good health, excellent academic performance, with a certain ability of organization and coordination and scientific and technological innovation;

(two) in principle, you must complete your studies, provide graduation certificates and degree certificates, and provide proof of residence in Shanghai;

(three) the application project must meet the industrial orientation and employment needs of the state and the city, and has certain technological advancement and development value;

(four) no bad credit and illegal records;

Eleventh according to the different characteristics of the project, venture capital can be divided into "seed capital" and "venture capital" to support college students' technological innovation and entrepreneurial activities.

(1) Seed funds (detailed rules for implementation shall be formulated separately)

1. Support college students to engage in technology and product research and development in high-tech fields by means of free funding, form independent intellectual property rights, and create basic sources for starting enterprises and transforming scientific and technological achievements.

2, the general project support funds do not exceed 654.38+ten thousand yuan, and the key projects do not exceed 200,000 yuan.

3, the project implementation cycle is generally not more than one year.

4. Explore the investment mechanism of share conversion projects.

(2) Venture capital (detailed rules for implementation shall be formulated separately)

1. Support college students to start enterprises (including creative enterprises and scientific and technological consulting service enterprises) by means of free funding or investment funding;

2, the general project support funds do not exceed 300 thousand yuan.

3, entrepreneurship, there must be no less than 30% of the self-raised funds for funding;

4, the project implementation cycle is generally not more than two years.

5. Explore the investment mechanism of paid funding or share conversion.

Chapter V Application and Acceptance

Twelfth projects that meet the support conditions of the Innovation Fund shall be submitted by college students according to the application requirements, and after being recommended by the competent department of the school, they shall apply to the entrusting institution (with official seal). Implement annual acceptance.

Thirteenth commissioned institutions must be in accordance with the principles of openness, fairness and justice, responsible for accepting the application of venture capital projects in this city.

Chapter VI Examination and Approval

Article 14 Under the guidance of the Administrative Committee, the entrusting institution shall follow the principles of scientific management, competitive selection, fairness and transparency, and be responsible for the preliminary examination of venture capital projects (organizing experts to review projects).

Fifteenth project preliminary examination work norms and evaluation standards shall be formulated by the entrusting institution and implemented after being approved by the CMC.

Article 16 Entrusting institutions must put forward suggestions on venture capital support projects according to the preliminary examination opinions of the projects, and report them to the CMC for approval.

Chapter VII Project Management

Article 17 Entrusting institutions shall be responsible for tracking, guiding and managing the projects supported by venture capital.

Eighteenth for the implementation of the project with good results, the entrusting institution has the obligation to assist entrepreneurs to further contact with social financing.

Nineteenth due to objective reasons, the project undertaker and the undertaking enterprise need to adjust or cancel the planned objectives, progress and funds of venture capital projects, and must submit a written application, which will be audited by the entrusting institution and implemented after being approved by the Fund Office.

Twentieth due to poor management or on the verge of bankruptcy projects or enterprises, need to perform liquidation verification procedures, reported to the fund office for approval.

Twenty-first project acceptance by the project undertaker and undertaking enterprise after the expiration of the contract, submit the necessary materials related to project acceptance to the entrusting institution, and the entrusting institution will report the preliminary examination opinions to the Fund Office for approval.

Chapter VIII Supplementary Provisions

Article 22 The Shanghai Municipal Science and Technology Commission, the Shanghai Municipal Education Commission, the Shanghai Municipal Finance Bureau and the Shanghai Administration for Industry and Commerce shall be responsible for the interpretation and revision of these Administrative Measures.

Twenty-third management measures shall come into force as of the date of promulgation.

June 2005