Hefei is setting up the seed fund

The reporter learned from Hefei Science and Technology Bureau that Hefei is planning to set up a special fund earlier than the angel fund -- Hefei Seed Fund, focusing on solving the first financing problem of the transformation of scientific and technological innovation achievements.

According to what introduced by the responsible person of Hefei Science and Technology Bureau,the seed funds will pay attention to the original innovations, integrated innovations and so on,focusing on the support of scientific research projects with industrialization prospect of colleges,universities and research institutes,as well as in hatch projects of collaborative innovation platform which built by academics and local government.

The fund will provide support at the beginning of the projects,ensuring that scientific and technological achievements would be retained, transferred, and used up as far as possible. The fund will support the local transformation of research projects, support scientific and technological teams to set up local science and technology enterprises, foster innovation and entrepreneurship, and guide the agglomeration of emerging industries. It will focus on research teams that are about to establish enterprises after their achievements transformation or technology enterprises that have been in operation for less than one year.

It is reported that up to now, Hefei Angel Investment Fund has implemented a total of 146 investment projects, the investment amount of 790 million yuan, more than 90% of which are science and technology team entrepreneurship projects. At the same time, Hefei has also established a special fund for industrial transformation of science center. Through the support mode of "subsidy + equity", it can promote the implementation and transformation of CAS's leading projects,such as high-precision electromagnetic measurement core technology equipment and multi-language intelligent speech and language technology.

"The seed fund will be linked with angel fund, venture capital guidance fund,industrial transformation special fund of science center, scientific and technological achievements transfer and transformation fund of Anhui Science and Technology market, to further improve the diversified scientific and technological achievements transformation investment and financing system in Hefei." He said.