On August 1, the Information Office of Liaoning Provincial People’s Government held a press conference on the development of enterprises supported by sci-tech and finance, and presented relevant details.

To promote the deep integration of sci-tech and finance, Liaoning has enriched the categories of credit products for entrepreneurship and developed angel investment, facilitating innovation incubation and commercialization of scientific and technological achievements. Efforts have been made to establish a fund for the commercialization of scientific and technological achievements, with a focus on those projects from universities and research institutions in the province with core technological advantages, breaking down barriers between theoretical achievements and practical applications. The province has stepped up efforts to strengthen the linkage between investment and loans, supporting the rapid growth of sci-tech companies on the initial stage, launching a series of activities such as investing in high-tech zones and industrial parks to closely engage with enterprises and identify potential projects.

Liaoning has supported sci-tech enterprises in accessing direct financing through the capital market, continuously improving the supporting policies for listing. Subsidies of up to 15 million yuan, 10 million yuan, and 8 million yuan are respectively granted to enterprises listed on the Science and Technology Innovation Board, the Main Board, the Second Board (Growth Enterprise Market), and the Beijing Stock Exchange. Following the “review upon submission” principle, a total of 379 million yuan has been disbursed to 79 companies as subsidies.

Furthermore, Liaoning has pushed for the early establishment of the Liaoning-Guangdong Science and Technology Innovation Development Fund, focusing on investing in technically innovative projects with hard technology. The fund will empower investments around strategic emerging industries such as cutting-edge information technology, new materials, new energy vehicles, and high-end equipment manufacturing, as well as Liaoning’s four trillion-yuan-level industrial bases and 22 key industry clusters to drive the dual-helix development of “sci-tech plus finance”. Besides, the fund will establish a separate angel sub-fund in Liaoning, targeting early-stage projects like the commercialization of scientific and technological achievements and other scientific and technological innovations in the province.