chapter I general provisions article 1 in order to conscientiously implement the spirit of "gradually establishing a venture capital mechanism, developing venture capital companies and funds, establishing a venture capital withdrawal mechanism, and increasing support for growing high-tech enterprises" in the Decision of the Central Committee and the State Council on Strengthening Technological Innovation, Developing High-tech and Realizing Industrialization, we should seize the opportunity to accelerate the establishment of a venture capital mechanism in our city and develop high-tech industries. To promote the close combination of science and technology and economy, these administrative measures are formulated in accordance with the Notice of the General Office of the State Council on Forwarding Several Opinions on Establishing Venture Capital Mechanism by the Ministry of Science and Technology and other departments. Chapter II Sources and Scope of Use Article 2 The main sources of funds are:

(1) Transfer of Nanjing Science and Technology Development Risk Fund;

(2) transfer of loan guarantee fund for private technology enterprises in Nanjing;

(3) the funds recovered from the paid use of the three municipal science and technology funds;

(4) financial input;

(5) the interest and investment profit of the venture capital fund;

(6) Other financing channels. Article 3 the scope of use of the fund:

(1) the supported projects shall conform to the national, provincial and municipal industrial policies and technical policies;

(2) high-tech achievements development, transformation and industrialization projects with advanced technology, high added value, strong industrial driving effect and good market prospects;

(3) pilot projects of high-tech achievements with independent intellectual property rights and small-batch product development projects. Article 4 The target of the fund:

(1) High-tech enterprises, small and medium-sized high-tech enterprises, private high-tech enterprises and scientific research institutions engaged in high-tech research and development within the scope of this Municipality;

(2) The project undertaker must have a certain scientific and technological strength or scientific and technological support unit, and a project leader who undertakes technical and economic responsibilities. Chapter III Actions of Investment Funds Article 5 Fund management institutions. The establishment of high-tech venture capital fund management committee, responsible for the management of venture capital funds. The operation of the fund is to establish a high-tech venture capital company in accordance with the relevant provisions of the state, and the company is established as a limited liability company or a joint stock limited company in accordance with the Company Law. Article 6 ways of using the fund:

(1) venture capital in high-tech projects. It is mainly suitable for venture capital of high-tech enterprises with high technology content and clear intellectual property rights, which are transferred to engineering development;

(2) loan guarantee for high-tech projects. It is mainly suitable for the preferred projects with low loan amount approved by the bank, and its target is mainly small and medium-sized science and technology enterprises;

(3) short-term loans for high-tech projects. It is mainly suitable for short-term loans urgently needed by private technology enterprises in production and operation and emergency loans for other high-tech development projects. Article 7 operating procedures of the fund:

(1) fund application. The project undertaker shall apply to the venture capital company, and the company shall organize relevant departments and experts to conduct feasibility demonstration and audit on the research content, technical key, development ability, fund repayment ability, market prospect, social and economic benefits of the project, and then give preferential support.

(2) The fund projects shall be contracted. After signing the "Nanjing Hi-tech Venture Capital Fund Project Contract" with the venture capital company, the user shall go through the relevant fund use procedures.

(3) A venture capital company opens a special account for venture capital funds in a bank, and entrusts financial institutions to handle the issuance and recovery of short-term loans of venture funds. The specific operation method shall be decided by both parties through consultation.

(4) The income of venture capital companies is distributed by shares, which belongs to the fund income and is rolled into the fund. Article 8 Fund users must strictly implement the contents stipulated in the Contract. The venture capital company should track and manage the project in time and do a good job in project coordination to ensure the timely completion of the project. Article 9 Fund withdrawal mechanism. Take listing, or withdraw through transfer, merger, liquidation, etc. in the process of enterprise capital reorganization. Article 1 The establishment of a venture capital company shall be submitted for approval by the Municipal Science and Technology Commission and the Municipal Finance Bureau according to the procedures prescribed by the state.