November 27, 2020

LED entrepreneurs good news incubator project lost government subsidies!

Little friends, boldly come to Guangdong to start a business. Recently, the official website of the Provincial Science and Technology Department announced the “Trial Rules for the Guangdong Provincial Department of Science and Technology and the Guangdong Provincial Department of Finance on Venture Capital Investment and Credit Risk Compensation Funds for Technology Business Incubators”. This is definitely a big plus for technology companies investing in entrepreneurship projects in incubators.

In the case of failed venture capital investment in the incubator, the venture capital compensation funds of the provincial and municipal finances will be compensated according to a total of 50% of your project investment losses. If the first loan project has bad debts, the loan principal of the bad debt project will be shared by the bank, the provincial and municipal finance parties. This favorable policy will be implemented on April 1 and will be valid for 3 years.

The reporter learned from the detailed rules that for the venture capital failure project in the incubator, the provincial financial venture capital risk compensation fund will be compensated to the venture capital institution according to 30% of the project investment loss. The local city financial venture capital risk compensation fund shall be compensated to the venture capital institution according to 20% of the project investment loss. (Note: The target of venture capital risk compensation is the amount of actual investment losses incurred by the venture capital institution during the financial year due to the investment failure resulting in liquidation or impairment.)

For the bad debt items that appear in the first loan of the incubating enterprise, the bank will share the loss according to the loan principal of the bad debt item, and the provincial finance and the local municipal financial credit risk compensation fund will share the loss according to the loan principal of the bad debt item 50% and 40% respectively. (Note: The first loan project in the incubator refers to the first loan project in the incubator of the technology business incubator)

It is reported that the provincial financial compensation for individual projects or the loss of principal losses does not exceed 2 million yuan. The local city finance may set a ceiling for the risk compensation or principal loss compensation for a single project based on actual conditions.

Link <br> <br> which projects will receive venture capital risk compensation <br> <br> course, not all business projects can obtain financial compensation. The document stipulates that the venture capital risk compensation funds are supported by: a company system or a limited partnership venture capital institution with financing and investment functions, investing in the start-up period of science and technology small and medium-sized enterprises in the technology business incubator.

The so-called technology-based small and medium-sized enterprises in the start-up period of the technology business incubator refer to the following enterprises whose enterprises are registered and the main R&D and office places must be in the technology business incubator site: the establishment time is no more than 5 years, and the number of employees is not more than 300. The scientific and technological personnel directly engaged in research and development account for more than 20% of the total number of employees, the total assets do not exceed 30 million yuan, the annual sales or turnover does not exceed 30 million yuan, and they have independent scientific and technological achievements (including patents, new technology products, Companies with proprietary technology, etc.).

Solar Home Lighting Kits are the perfect compact solution for an independent power supply in remote locations where electricity is unavailable, unreliable or expensive. All systems are professionally designed for Lighting purpose

Our Home Lighting System (HLS) harnesses the sun`s energy to light up your home with benefits that extend both to your wallet and to the environment, Our Solar Home Lighting System is not only a Innovative creation but also a wise one. The Solar Home Lighting System, compact, portable and easily mountable, is an economical solution to all your power problems and comes in an easy-to-install kit.

400W 200AH Solar Home Power

400W 200Ah Solar Home Power,200Ah Solar Home Power,400W Solar Home Power,Portable 400W 200Ah Solar Home Power

Yangzhou Bright Solar Solutions Co., Ltd. , https://www.cnbrightsolar.com