Chapter I General Principles
Article 1 In order to further optimize the development environment of angel investment in our region, cultivate and grow the angel investment industry, accelerate the gathering of various types of high-quality angel investment institutions, stimulate the enthusiasm of social capital investment, and promote the deep integration of the elements of capital and scientific and technological innovation, and realize the innovation-driven high-quality development of a new round of the economy, and with the actual situation of the region, to formulate the implementation of these measures.
Second Article The support object of these measures is angel investment institutions and angel investment fund management organizations.
Article 3 The support contents of these measures include stage participation, incentive subsidies, risk compensation and rent subsidies.
Article 4 The meanings of angel investment institutions, angel investment fund management organizations, and start-up technology-based enterprises referred to in these Measures are as follows:
(1) Angel investment institutions refer to the corporate enterprises or limited partnership enterprises with financing and investment functions, which invest in start-up technology-based enterprises. Angel investment institutions should also have the following conditions:
1. paid-in capital (or capital contribution) of more than 50 million yuan, or the first capital contribution of more than 30 million yuan, and a commitment to register within three years after the capital contribution of more than 50 million yuan, all investors in the form of monetary contributions, the operating period of not less than five years;
2. have a clear investment areas
2. Have a clear investment area, more than 30% of the investment capital ratio for start-up technology-based enterprises.
(2) angel investment fund management organization should also have the following conditions:
1. in the China Fund Management Association of China Securities Investment Funds Industry Association for the record, and no record of penalties;
2. have a stable management team, at least three with more than three years of investment experience or related industry experience in the management of the management team; the main members of the management team no Have been penalized by administrative authorities or judicial organs;
3. The cumulative scale of investment in seed-stage and start-up enterprises (excluding seed-stage and start-up enterprises invested by promoters, employees or relatives of major shareholders) of the funds managed by the management team in the capacity of executives in the past shall not be less than RMB 100 million (or equivalent);
4. less than RMB 100 million (or equivalent currency), and there are three (or more) successful investment cases. (Successful investment cases mean that the invested seed-stage or start-up enterprises have withdrawn part or all of their equity in cash, and the return on equity investment of the withdrawn part is more than 50%, or the above enterprises have landed in the domestic and overseas capital markets);
4. Standardized management and operation, with scientifically reasonable project evaluation standards, investment decision-making procedures, risk control mechanisms and incentive and constraint mechanisms.
(3) start-up technology-based enterprises, is mainly engaged in the national, provincial and municipal focus on the development of high-tech industries, strategic emerging industries, high-tech products within the research, development, production and service of non-listed start-up companies, should also have the following conditions:
1. angel investment institutions invested in start-up technology-based enterprises in Suzhou New District was incorporated not more than three years or the enterprise relocated to Suzhou New District. Independent enterprise legal person who has been registered in SZNZ for not more than three years or relocated to SZNZ for not more than three years;
2. The net assets of the enterprise in the year of investment do not exceed RMB 20 million, or the annual sales do not exceed RMB 30 million;
3. Technology-based SMEs recognized by the national evaluation system for technology-based SMEs, or enterprises of leading talents which have been approved by the scientific and technological talent programs at all levels.
Chapter II: Stage Participation
Article 5: Stage Participation refers to the joint establishment of an angel investment institution in the form of equity by the angel investment guiding fund (hereinafter referred to as the "guiding fund") or other funds and the promoter of the angel investment institution.
The main body of the guide fund is Suzhou High-tech Zone Venture Science and Technology Investment Management Co., Ltd, which is mainly used to support the establishment of new angel investment institutions. Angel investment institutions set up promoters in the establishment of new angel investment institutions, you can apply for the stage of participation, the guide funds to participate in the establishment of angel investment institutions and in the agreed period of withdrawal. The maximum amount of capital contribution of the guiding funds to a single angel investment organization shall not exceed 30 million, and the maximum percentage of participation shall not exceed 20%, and it cannot become the first major contributor. The amount of investment of the angel investment organization after the participation of the guide capital in the start-up technology-based enterprises in Suzhou Hi-Tech Zone shall not be less than 2.5 times of the contribution of the guide capital.
Chapter III Rewards and Subsidies
Article 6 Rewards and subsidies are given to angel investment fund management institutions that have invested in start-up technology-based enterprises in the zone, including new establishment rewards and project investment rewards for angel investment institutions.
1. New establishment of angel investment institutions: For each newly established angel investment institution in Suzhou Hi-Tech Zone and the investment period of one year (subject to changes in the industrial and commercial registration of the invested enterprises) and the first time to complete the investment of more than 5 million yuan to the high-tech zone's startup science and technology enterprises, the angel investment fund management institutions will be given 500,000 yuan of new establishment subsidies.
2. Project investment incentives: angel investment fund management institutions to complete the investment in high-tech zone start-up technology-based enterprises, according to the actual monetary investment amount of 2% of the award, a single investment project incentives up to a maximum of 100,000 yuan, the maximum annual incentive for each angel investment fund management institutions up to a maximum of 1 million yuan; to high-tech zone start-up science and technology-based enterprises with a cumulative amount of more than 1 For angel investment fund management organizations that have invested more than 100 million yuan (including 100 million yuan) in start-up technology-based enterprises in high-tech zones or have invested in 10 start-up technology-based enterprises in high-tech zones, they will be given a one-time maximum award of 500,000 yuan.
Chapter IV Risk Compensation
Article 7 Risk Compensation refers to the compensation for losses incurred by the angel investment institutions that have not participated in the bootstrap funds for investing in start-up technology-based enterprises in the zone.
An angel investment organization which has no equity participation in the guide fund can apply for risk compensation after it has newly invested in a start-up technology-based enterprise in SZHZ and incurred an actual loss. Angel investment organizations should first apply for risk compensation to the higher-level science and technology departments, and after approval, SGHZ will provide risk compensation according to the requirements of the higher-level documents.
Chapter V: Rent Subsidy
Article 8: Rent subsidy refers to the partial rent subsidy for the rented office premises of newly established angel investment institutions in the zone.
The newly established angel investment institutions in the zone, the rented office space within 100 square meters per year can be given 50% of the rent and not more than 50 yuan / square meter / month rent subsidy, rent subsidies from the high not repeated and can enjoy a maximum of three years, and need to be the first time to high-tech SMEs in the zone to apply for the first time after the investment.
Chapter VI Application and Management
Article 9 The applications for incentive subsidies and rent subsidies in these Measures shall be carried out in accordance with the annual notification of district-level declaration, and the applications approved by the audit will be uniformly allocated in accordance with the process of the relevant regulations on the allocation of funds. The subsidy funds involved in these measures are implemented in accordance with the annual budget, and are borne by the district and the board in accordance with 1:1
Risk compensation applications are specifically carried out in accordance with the notification of declaration by the higher-level science and technology departments. Compensation funds are expended from the SGXZ Science and Technology Financial Risk Compensation Fund Pool in accordance with the requirements of the higher level.
Stage participation applications are accepted at any time.
Article 10 The unit receiving financial support shall accept the supervision, inspection and audit of the District Science and Technology Innovation Bureau and Finance Bureau at any time, and cooperate with them to carry out publicity, research, report enterprise information, and submit the analysis report on the benefit of using the funds. If there is any falsification, fraudulent subsidies and other behaviors, once verified, all subsidies will be recovered, and in serious cases, they will be held legally responsible.
Chapter VII Supplementary Provisions
Article 11 These Measures shall be implemented for a period of five years from the date of issuance. The original document "Suzhou New District Angel Investment Guiding Funds Implementation Rules" (Suzhou High-tech Office [2020] No. 100) is abolished.
Article 12 If there are other preferential policies of the same kind outside of these Measures, they shall be applied in accordance with the principle of non-repeated enjoyment from the highest.
Article 13 These Measures shall be interpreted by the District Science and Innovation Bureau.
