Tianjin: Venture capital institutions that invest in early-stage, small-scale, and hard technology projects may receive rewards.

The Tianjin Municipal Government Office recently issued a document encouraging and guiding entrepreneurial investment institutions to invest in technology-based companies in the early stages of hard science and future industries in Tianjin. For entrepreneurial investment institutions holding shares for 2 years or more, a certain percentage of investment rewards will be given based on the social capital portion of the actual investment amount. The "Measures to Support the High-Quality Development of Entrepreneurial Investment in Tianjin" issued on the 7th proposed selecting high-growth enterprises, encouraging entrepreneurial investment institutions to lead investments and provide targeted services around the industrialization of enterprise patents, and strengthening standardized cultivation and post-investment management. According to the introduction, the measures clearly optimize the contribution ratio of government investment funds in entrepreneurial investment categories. For government investment funds in entrepreneurship, the maximum contribution ratio of the primary finance at the city or district level can be increased to 70%, and the total contribution ratio of the city and district level finances can be raised to 80%. Tianjin City proposes to adjust the policy indicators of major government investment funds in entrepreneurship, optimize the comprehensive chain and life cycle assessment system, and not simply assess based on the profit or loss of individual projects or in a single year; it encourages the establishment of a fault-tolerant mechanism centered on excusing due diligence compliance obligations, and improves the criteria and process for exemption determination.