The innovation fund is supervised by the Ministry of Science and Technology and the Ministry of Finance, and supports the innovation and entrepreneurship of small and medium-sized science and technology enterprises through three ways: free subsidy, loan discount and capital investment. It has formed technological innovation projects for enterprises in seed stage and initial stage, subsidy funds for technical service institutions of small and medium-sized enterprises, and venture capital guidance fund projects for guiding social capital to invest in early small and medium-sized scientific and technological enterprises. ?
As a special fund of the central government, the technological innovation fund for small and medium-sized scientific and technological enterprises operates in accordance with the objective laws of the market economy, supports small and medium-sized scientific and technological enterprises of all ownership types, attracts local governments, enterprises, venture capital institutions and financial institutions to invest in small and medium-sized scientific and technological enterprises, gradually promotes the establishment of an investment mechanism for high-tech industries that conforms to the laws of the market economy, further optimizes the resources for scientific and technological investment, and creates a good environment conducive to the innovative development of small and medium-sized scientific and technological enterprises.
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