1, with different purposes.
The establishment of industrial investment fund is an exploration and attempt to learn from the operation mode of "industrial investment fund" in mature capital market. It is raised by sponsors and entrusted to professional institutions to manage fund assets, and mainly adopts equity investment to solve the financing problem of cultural industries.
The industrial guidance fund aims to promote scientific and technological innovation, help entrepreneurship and support the national policy of cultivating strategic emerging industries. Guide the behavior of venture capital, and support the entrepreneurship and technological innovation of small and medium-sized scientific and technological enterprises in the initial stage.
2. Different investment targets
Industrial investment funds are mainly aimed at unlisted enterprises. The investment period is usually 3-7 years. Actively participate in the operation and management of the invested enterprise.
The purpose of investment is to promote the development of the enterprise through investment based on the potential value of the enterprise, and realize the capital appreciation income through various exit methods at the right time.
The object of industrial guidance fund is small and medium-sized enterprises. Its purpose is to give full play to the leverage effect of financial funds, increase the supply of venture capital, and overcome the market failure problem of allocating venture capital simply through the market.
In particular, by encouraging venture capital enterprises to invest in early enterprises such as seed stage and start-up stage, we can make up for the shortage of ordinary venture capital enterprises mainly investing in enterprises in growth stage, maturity stage and reconstruction stage.
Extended data
Accounting treatment methods of industrial support funds;
At present, financial funds supporting enterprise reform and development can be roughly divided into five categories. According to incomplete statistics, there are dozens of financial funds related to the central government alone. However, the relevant financial funds have always lacked unified and clear financial treatment principles. Specific provisions have been made on the financial treatment of enterprises obtaining financial funds:
1, which belongs to national direct investment and financial capital injection, such as capital construction investment and national debt investment projects. This kind of capital belongs to the state's capital investment in enterprises as investors, so the state capital should be increased, and the investment exceeding the registered capital should increase the state capital reserve.
2 financial funds belonging to investment subsidies, such as public welfare and public infrastructure investment projects, investment projects to promote scientific and technological progress and high-tech industrialization, etc.
This kind of capital is a subsidy for investors to invest in capital, but the biggest difference with the former kind of capital is that the state does not necessarily invest as an investor, but more often it is the guiding capital given by the government to enterprises in order to implement macroeconomic policies or achieve regulatory goals.
3. Loans for technological transformation projects, special funds for the development of small and medium-sized enterprises, industrial technology research and development funds, technological innovation funds for small and medium-sized enterprises, international market development funds for small and medium-sized enterprises, and financial funds with special funds at interest discount.
Generally speaking, such funds are compensation for the costs paid by enterprises for specific economic activities. Therefore, when an enterprise uses such funds, it is treated as income. In the concrete implementation, if an enterprise uses such financial funds to form fixed assets or intangible assets, it should be regarded as deferred revenue, which is confirmed by stages according to the service life of the assets.
4, belonging to government loans, repayment of financial funds, World Bank loans and other projects. These funds need to be returned to the principal after use. Therefore, when enterprises receive these funds, they should be managed as liabilities.
5. Financial funds to cover losses, recover losses or other purposes, such as loss subsidies for state-owned enterprises, loss compensation for civil aviation companies during SARS, and closure subsidies for small enterprises. When an enterprise receives such funds, it will be treated as current income or deferred revenue.