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TEDA to create a "blessed land" for mass entrepreneurship and innovation

2017-10-20 17:26

Recently, the Administrative Committee of Tianjin Economic-technological Development Area (TEDA for short) issued the Implementation Measures to Support Entrepreneurial Enterprises in TEDA, Implementation Measures to Promote Construction of Science and Technology Service System in TEDA, Implementation Measures to Promote Financing of Scientific and Technological Enterprises in TEDA, Implementation Measures to Guide Management of Angel Investment and Venture Capital in TEDA and policies for a number of innovative enterprises involved in key areas in TEDA. The release of these policies will further improve the innovation and entrepreneurship ecosystem of TEDA, accelerate the innovation and development of entrepreneurial enterprises, and form a new engine for innovation in its regional development.

Subsidized rent can reduce the cost of entrepreneurial enterprises.

The issued Implementation Measures to Support Entrepreneurial Enterprises in TEDA aims to cover beneficiaries including registered enterprises in TEDA or scientific and technological enterprises which moved to TEDA three years ago and "gazelle" enterprises, leading enterprises, biomedical and healthcare companies and so on.

Rent is a big sum of money for many start-up enterprises so TEDA launched a special support approach to support the development of entrepreneurial enterprises in particular. Entrepreneurial businesses, since the date of registration or removal, are given 24 consecutive months of support for the rental office, research and development sites and generate rent. Support standard is up to 35 yuan / square meter / month, with a total support up to 300,000 yuan.

Compared to start-up enterprises in other areas, those in the healthcare industry, due to their own characteristics, have higher demands for the sites. The Implement Measure which supports the development of entrepreneurial enterprises also puts forward a special support program. Biomedical healthcare businesses in TEDA which use actual rental incubators or standard factories in the pilot or production stage, according to the leasing area and fixed asset investment density of 3,000 yuan / square meters, will, then, be given 36 consecutive months of support. The support proportion is 70% of the actual payment of the rent, and the support standard is up to 35 yuan / square meter / month, with a total supportive amount of up to 1.5 million yuan.

In addition to the subsidized rent, in the future, scientific and technological enterprises registered in TEDA or moved to TEDA 3 years ago, also receive vouchers. Vouchers can be used to offset against service charges and serve as financial subsidy vouchers for the purchase of services from technological service providers.

It is reported that the use of e-coupons will implement real name registration system, and each coupon has a unique number to bind the applicant company. The voucher is valid for one year from the date of issuance and shall not be transferred, bought or sold. Creative coupons will be paid off by taking the application beforehand. Each applicant can apply for multiple times, and a single application amount should be not less than 2,000 yuan. Application amount for each enterprise accumulates to 50,000 yuan.

Rent support plus innovative coupons will significantly reduce the operating costs of start-up enterprises, so that start-up enterprises can focus on the limited funds to research and development, production, promotion and other core links.

Distribution of bonuses encourages and improves the scientific and technological service system.

Environment is the key to attract innovative entrepreneurship. In recent years, TEDA actively improves the professional carrier, makerspace, professional incubator and other innovative entrepreneurial carriers, service capabilities of Tianjin University Science and Technology Park, the TEDA West Biomedical Park and other professional carriers, while improving the TEDA MSD and other comprehensive building carrier function; it will establish a number of low-cost, convenient, comprehensive, open and innovative entrepreneurial carriers; it will create an incubator alliance. At present, TEDA has 15 incubation bases in all kinds and a hatching area of 1.15 million square meters.

On the basis of the existing conditions, TEDA will use the launched Implementation Measures to Support Entrepreneurial Enterprises in TEDA in the next step to introduce and implement construction projects for science and technology service system and to further promote the science and technology service system in TEDA. In the future, TEDA will arrange a total size of 10 million yuan of funds each year to support the development of science and technology enterprises, to provide services to the technological carriers, public technical service platforms, third-party service agencies for government procurement of TEDA science and technology departments, units relied on by scientific education base and other development at Tianjin municipal level and above.

According to the above Implementation Measures, TEDA will firstly become a technological carrier for business incubators or recorded makerspace (archived) which pass the national and municipal science and technology identification in the previous year, to give rewards of up to 800,000 yuan; archived incubators and national makerspaces, if setting up branches in TEDA, which have incubation time of not more than 5 years, when they are identified as state-level high-tech enterprises for the first time, they can obtain  20,000 yuan as reward for each identified incubator and makerspace.

Risk compensation cracks financing problems for companies.

TEDA also introduces a number of policies and tries to crack the financing problems for innovative entrepreneurship. According to the Implementation Measures to Promote Financing of Scientific and Technological Enterprises in TEDA, it will set up financing environment construction funds, with an annual arrangement of a total size of 40 million yuan, including "innovation financing risk compensation funds" and "financing incentives".

Among them, the innovation financing risk compensation funds are mainly used for banks to issue credit loans and intellectual property pledged loans for science and technology enterprises to compensate their losses. The funds aim to support the scientific and technological enterprises to meet the industrial development planning requirements in TEDA. The total net assets of the company in the previous year shall not exceed 30 million yuan and the operating income shall not exceed 100 million yuan.

In addition, for "gazelle enterprises" and leading enterprises which get the bank loans, TEDA will give a certain percentage of discount incentives in accordance with the amount of loans. Among them, "gazelle enterprises" are given 3% of the award in accordance with the amount of loans each year, with the highest annual reward of 300,000 yuan; leading enterprises will be given 2% of the reward in accordance with the amount of loans each year, with the highest annual reward of 500,000 yuan.

At the same time, for companies which obtain bank loans with the patent, software, copyright, integrated circuit layout design, new varieties of plants and trademarks and other intellectual property pledges, TEDA will give a certain percentage of incentives in accordance with the financing amount of intellectual property pledge.

At the same time the launched Implementation Measures to Guide Management of Angel Investment and Venture Capital in TEDA, proposes the establishment of an angel investment and venture capital as guide funds with a total amount of 300 million yuan, of which the first phase of funds will reach 50 million yuan.

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