1. Innovation Fund is a guiding fund. By attracting local governments, enterprises, science and technology venture capital institutions and financial institutions to invest in technological innovation of small and medium-sized enterprises, we will gradually establish a new investment mechanism that conforms to the objective laws of the socialist market economy and supports technological innovation of small and medium-sized enterprises.
Two, the innovation fund is not for profit, by supporting the technological innovation projects of small and medium-sized enterprises, enhance their innovation ability.
Three, the use and management of innovative funds must abide by the relevant national laws, administrative regulations and financial rules and regulations, and follow the principles of honest application, fair acceptance, scientific management, merit-based support, openness and transparency, and earmarking.
Four, the innovation fund is funded by the central financial allocation and bank deposit interest.