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What is the concept of innovation fund?

first, the purpose of the innovation fund is to support technological innovation. The projects supported by the innovation fund should have independent intellectual property rights, and require great innovation or substantial improvement in technology, process or product performance, and the technical level should at least reach the domestic or international advanced level. Secondly, the innovation fund should encourage technological entrepreneurship and cultivate technological entrepreneurs. The innovation fund focuses on supporting small and medium-sized scientific and technological enterprises in the initial stage. Give priority to enterprises founded and led by high-quality scientific and technological personnel and returned overseas students, so that they can start their own businesses with the help of innovation funds, using advanced technologies and high-level technological achievements with independent intellectual property rights they own or master.

With the support of innovation funds, the ability of start-ups to resist early risks can be improved. Help enterprises to tide over the difficult period of development. The third is to promote industrial development. Encourage and support small and medium-sized enterprises to form functional parts research and development and supporting production according to the requirements of specialized division of labor and large-scale production in the industrial chain, and promote the rapid development of regional economy. The fourth is to guide social funds and accelerate the transformation of scientific and technological achievements.

The establishment of innovation funds, on the one hand, relieves the shortage of innovation funds for small and medium-sized scientific and technological enterprises through direct funding. On the other hand, through guidance and demonstration, attract and drive governments and financial institutions at all levels to strengthen their attention and support for the innovation activities of small and medium-sized science and technology enterprises, and drive the establishment of an investment and financing system that conforms to the laws of market economy and serves the technological innovation of small and medium-sized science and technology enterprises. Alleviate the financing difficulties of small and medium-sized scientific and technological enterprises.

Second, the operating mechanism of innovation fund The management of innovation fund adopts the trinity management mode of government decision-making and supervision, expert consultation and guidance, and fund management organization and implementation, that is, the Ministry of Science and Technology and the Ministry of Finance, as government agencies, are responsible for formulating the operating rules of innovation fund, determining the overall working objectives and guidelines of innovation fund, and supervising and guiding the operation, and at the same time having the final approval authority for innovation fund projects; As an advisory body for innovation funds, the Expert Advisory Committee is responsible for deliberating and determining the key areas of annual support for innovation funds, and providing guidance and advice on the management of innovation funds; As the office of innovation fund, innovation fund management center is responsible for the daily management of innovation fund and the organization and implementation of innovation fund projects, thus realizing the close combination of government decision-making and expert consultation, and the relative separation of decision-making supervision and management implementation. Management characteristics and operation mechanism of mutual responsibility, mutual restriction and mutual supervision.

III. Project review mechanism of innovation fund The evaluation of innovation fund projects adopts the back-to-back evaluation method of experts and enterprises and the evaluation system of competitive selection. Experts are composed of technical experts, industry management experts, investment experts, financial experts, entrepreneurs, etc. The Innovation Fund Management Center has specially established an expert database, strictly following the principle of selecting experts with both ability and political integrity. And implement dynamic management and strict evaluation system for warehousing experts.

The project review process organized by the Innovation Fund Management Center is standardized and has a mutual supervision mechanism. The evaluation content of innovation fund projects includes not only the review of the technical level of the project, It also includes a review of the comprehensive strength of the enterprise. According to the evaluation indicators of enterprise development ability, project technology innovation, project product market, business model, enterprise financial status, rationality of investment budget and feasibility of self-raised funds, Review the application materials of enterprises.

Fourth, the innovation fund should continue to adhere to the principles of market-oriented, supporting innovation, encouraging entrepreneurship, highlighting key points, standardizing management, and selecting the best in competition this year, and increase its support for small and medium-sized science and technology enterprises, so as to make contributions to winning the overall victory in coping with the impact of the international financial crisis and accelerating the transformation of economic development mode. In 21, the focus of innovation fund support is strong innovation, high technology content and good market prospects. Key technologies and key innovative product projects with low resource consumption, great driving effect, many employment opportunities and good comprehensive benefits around strategic emerging industries; Innovative projects that focus on ten key industries and provide advanced technical support and supporting services for technological transformation, industrial upgrading and improving the quality and efficiency of industrial development; Promoting employment through entrepreneurship, especially the innovative projects of graduate students and graduate students (including overseas students) in entrepreneurial service institutions such as university science parks and entrepreneurial centers; High-tech service projects with intensive talents, strong technical relevance and high added value, which have directly served the social and economic development; Public technical service platform project for the innovation activities of small and medium-sized scientific and technological enterprises; Pilot projects of venture capital guiding fund risk subsidy, investment guarantee and phased equity participation; Projects with certain technical content, strong competitiveness in the international market and export-oriented products; Market transformation projects related to major scientific and technological projects; In line with the requirements of coordinated regional economic development, combined with the industrial development characteristics and resource advantages of underdeveloped areas in the west, it is suitable for innovative projects in underdeveloped areas in the west. < P > V. The review of various projects of innovation funds focuses on the characteristics of innovation activities of small and medium-sized science and technology enterprises and the support policies of innovation funds. The Innovation Fund provides financial support for different types of projects. The review focuses on: innovation projects: supporting technological innovation activities of small and medium-sized scientific and technological enterprises in the initial stage of research and development of new products, the middle stage of research and development, and the pilot stage of products that are urgently needed by the market and have good innovation.

Technological innovation includes the invention of new technologies, the new application of a mature technology, and the integrated application of multiple technologies. For projects in the initial stage of research and development, The project review focuses on technological innovation, the quality of enterprise leaders and the status of entrepreneurial teams. For projects in the middle stage of R&D, the project review focuses on the technological innovation of project products, the market of project products, the innovation ability and basic conditions of the project undertaking enterprises.

For high-tech service projects, the purpose of support is to improve the core service business level and comprehensive competitiveness of enterprises by subsidizing technological innovation activities in services. To promote the rapid growth of high-tech service enterprises, the focus of the project is on the technical content of services and business model innovation. The subsidy fund project of technical service institutions for small and medium-sized enterprises: the key support is to provide innovative resources for small and medium-sized enterprises to enjoy services and provide incubation services for technological entrepreneurship. Provide services such as technology transfer for small and medium-sized enterprises.

The supported institutions need to have an open service model, a clear service target group, a good service foundation and service capabilities. The purpose of setting up the subsidy fund project for public technical service institutions for small and medium-sized enterprises is to guide and encourage more non-profit and public-welfare institutions to carry out technical services for small and medium-sized enterprises and form a group. Give full play to the policy guiding role of the central finance more effectively.

The focus of the project approval review of subsidy funds of public technical service institutions for small and medium-sized enterprises is the market demand, service capacity and service performance of service content.