Among them, the innovation fund is clear and has great influence.

Innovation fund is a guiding fund, which gradually establishes a new investment mechanism that conforms to the objective laws of socialist market economy and supports technological innovation of small and medium-sized enterprises by attracting local, enterprises, scientific and technological venture capital institutions and financial institutions to invest in technological innovation of small and medium-sized enterprises. (Article 1 of the State Council Document No.47 Administrative Measures for Innovation Funds).

Some local management units often call innovation funds innovation funds, which is due to a slip of the tongue.

With regard to the innovation fund, the innovation special fund is generally an exclusive name for local science and technology plans to formulate local science and technology policies and support the development of local science and technology enterprises.

The special fund for innovation in each place is not necessarily the same, and it should be explained according to the local science and technology policy.

Therefore, the innovation fund is the science and technology plan of the Ministry of Science and Technology, and the innovation fund and the innovation special fund may be local science and technology plan policies or another name for the innovation fund.